The government have launched a new Help to Save account which aims to help people on a low income put away more money.
Anyone who receives Universal Credit or who is entitled to Working Tax Credit can get an extra 50p for every £1 they put into a Help to Save account for the next four years. So, if you put £5 in one month, you'll have £7.50 by the next month.
You can put in anywhere between £1 and £50 in each month, but you don't have to put money in every single month. The accounts are also backed by the government, so all the savings you have in the account are secure.
