Last week, Martin Lewis urged everyone with money in a savings account to check how much interest they are making on it, warning that if the rate is under 1.5% then you should look elsewhere for a better one.
He said many savers could be missing out on much better interest rates which are available right now and advised that the minimum a savings account should pay is 1.5% and outlined a few options on the MoneySavingExpert.com website which you can read about here.
And now First Direct has announced it will be increasing its Regular Saver rate to 3.5% from Thursday, making it one of the best savings rates currently available from a UK bank.
