Money Saving Expert Martin Lewis has issued a warning to anybody in the UK with a savings account. He says if people don't act now, they could lose a significant amount of money.
The finance expert has taken a break from helping people with advice on rising fuel costs and turned his attention to savings accounts. Writing in his latest moneysaving.com newsletter, the founder said it is estimated UK households put a staggering £180billion extra aside in savings during the pandemic.
This was due to lower costs as more people were able to work from home, reports Chronicle Live. However, rock-bottom interest rates meant barely any rewards.
