The account, available to working people on lower incomes, offers a 50 per cent bonus, with Help to Save rewarding savers an extra 50p for every £1 saved. So far, 165 accounts have been opened in Dumfries and Galloway, with 388 payments made.
Encouraging more people to sign up, John Glen, Economic Secretary to the Treasury, said: “Savings shouldn’t be a luxury, they are an essential part of planning for the future. Help to Save is designed to make saving possible for everyone.”
Help to Save is available to working people on tax credits and Universal Credit.