Finance expert Martin Lewis has urged people to use a trick to boost their savings - which can involve using just £1. On the ITV Money Show Live this week the Money Saving Expert revealed that there were a wide variety of tips and tricks to boost your savings.
One key point was to check your savings account. Some are known as ‘zombie’ or legacy savings accounts - meaning that the original interest rate which was offered has lapsed, so any money sitting in there is actually losing value.
A tip involved how to get a better interest rate at HSBC. Martin explained: ”HSBC’s online bonus saver pays 3% and up to £10,000. Here’s a trick, the terms say you can get this account whether you’ve got a current account or a savings account.
