ITV money man Martin Lewis is urging all UK residents who have invested in a savings account to check their interest rates - warning that if yours is under 2.5 per cent, you should act now too give it a boost.
The financial expert has also revealed that this is the minimum rate than anyone should be earning on their savings, regardless of the account type or amount, leading on from the Bank of England's recent base rate hike to 3 per cent.
In his latest edition of The Martin Lewis Podcast on BBC Radio 5 Live, Martin explained how there's a 'savings rip off' at present, and with inflation running riot over ten per cent, most savings aren't savings and are in fact 'losings'.
