Money expert and financial journalist Martin Lewis has urged people with a specific type of savings account to close it as soon as they possibly can. The MoneySavingExpert founder says there's almost no point in people having this type of account.
Previously, Martin encouraged people to open up ISA savings accounts. But now, he's changed direction.
A cash ISA is a type of savings account that lets you earn interest on your savings without paying tax on it. Those with them can save up to £20k per person per tax year, Manchester Evening News reports.
