Martin Lewis has advised customers to ‘ditch and switch’ their accounts if they aren’t working for you
(Picture: Kirsty O’Connor/PA Archive)Martin Lewis has warned savers that they should be prepared to switch banks if the new “top rate is crap”, after Bank of England hiked UK interest rates by 0.5 per cent.
A rate rise is generally good news for savers, especially after a long stretch of getting very low rates on their money, but some banks will be less likely to pass the new interest rates on to savers, warned the founder of MoneySavingExpert.com
