In an effort to help customers cope with the additional burden that the Christmas period brings, Radstock Co-op in conjunction with The Co-operative Group has launched the UK’s first Christmas savings stamp scheme trust, setting a new benchmark in consumer protection.
Customers can purchase stamps in denominations of £1 when doing their shopping at their local Radstock Co-op store. These are stuck into a handy savings book and can be redeemed against their shopping throughout the year. As a special incentive, during the month of December, for every completed savings book to the value of £48 redeemed, Radstock Co-op will add a bonus of £2, making a total of £50 off their festive purchases.
Customers get the reassurance that the payments that they have made to purchase the savings stamps are held in a specially created independent trust providing members of the scheme peace of mind knowing that the money they have saved towards those Christmas luxuries are safe and protected. The design of the scheme is to ensure that there can be no repeat of the loss suffered by thousands of customers when Farepak, a Christmas Savings Scheme collapsed in 2006 leaving many from low-income households, losing on average £400 each.
Look out in next week’s press and in store, for further details of the savings stamps scheme.