Financial guru Martin Lewis has issued a warning regarding saving accounts and is urging everyone who has one to check theres now. This comes as the Bank Of England has increased the interest rate.
In the latest MoneySavingExpert newsletter, the founder warned that if the interest rate on your savings account is under 1.5 per cent, then you need to act now to boost it up. He added that the very least anyone should be earning on savings is 1.5 per cent.
As the Daily Record reports, Martin said that it’s “never been more important to maximise every penny of savings interest”, highlighting the current cost of living crisis and soaring inflation rates.
