Anyone with a savings account needs to check how much interest they are making on it and act now, according to Martin Lewis.
The MoneySavingExpert founder says at a minimum interest rates should be at 1.5%, but as he points out, this is not the case for some accounts. Issuing a warning in his newsletter, Martin said it's important to get the most for your money.
He advised anyone with a rate that is under 1.5% needs to immediately change accounts. Martin said : "It's never been more important to maximise every penny of savings interest. With inflation roaring, in real terms money in savings is shrinking. To mitigate the impact, you need as high a rate as possible."
