Martin Lewis on savings accounts

2022 - 4 - 21

Post cover — Image courtesy of "Manchester Evening News"

Martin Lewis urges anyone with a savings account to check it as ... (Manchester Evening News)

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 ...

Mr Lewis is encouraging people to check if they can get a better deal on interest rates elsewhere. He went on to say that if your savings rates are less than 1.5%, you are being underpaid and "don't stand for it." If you've not switched savings account in the last couple of years, you're likely earning just 0.1% or less. Though of course you know that, as you've already checked... He says if people don't act now, they could lose a significant amount of money. But now, top savings rates have jumped to their highest levels since July 2019l, Mr Lewis adds.

Martin Lewis urges everyone with savings account to check it ... (Yorkshire Live)

Martin Lewis has urged anybody with a savings account to make a quick check as they could be underpaid. The Money Saving Expert thinks people may not be ...

If you've not switched savings account in the last couple of years, you're likely earning just 0.1% or less. “Even if you opened a decent account a few months ago, as rates have increased, you're still likely earning little more than half of what today's top accounts pay. He said if your savings rates are less than 1.5%, you are being underpaid. Though of course you know that, as you've already checked... In his latest newsletter he has put together a list of options offering 1.2%, 1.5% and 2.3% if you can afford to put away cash for a fixed term. The ITV regular and consumer champion estimated Brits have £180billion in savings but if you have a low interest rate, you are not benefitting.

Martin Lewis is warning everyone to check their savings accounts now (North Wales Live)

The money-saving expert believes many people could miss out if they don't.

To help everyone make the most of their money, Martin has listed a few options offering 1.2% and 1.5% plus one for 2.3% - if you can afford to put cash away for a fixed term. And now that the cost of living crisis is putting the squeeze on household finances, many people will be considering using some or all of those savings to help mitigate the soaring costs of food, energy and petrol prices over the coming months. He explained: “If you’ve not switched savings account in the last couple of years, you’re likely earning just 0.1% or less.

Martin Lewis says you should check your savings account as soon ... (The Independent)

Top savings interest rates have now jumped to their highest levels since July 2019, according to the money saving expert. He said: “If you've not ...

Start your Independent Premium subscription today. He said: “That means upping savings interest is even more important though, as it’s not about helping ‘em grow, it’s about reducing the rapid erosion of inflation”. The finance guru is helping people to get the most value for their savings in his latest newsletter as he tells his readers “don’t stand for it” if they find they are being underpaid.

Martin Lewis warns anyone with a savings account to 'check it now' (WalesOnline)

Financial journalist and MoneySavingExpert, Martin Lewis, has issued an strong warning to anyone who has money stashed in a savings account.

Mr Lewis adds that if your savings rates are less than 1.5 per cent, you are being underpaid and declares "don't stand for it." Martin is encouraging those with savings to make sure they are getting the best from any savings pots. It is estimated that UK households put a staggering £180billion extra aside during the pandemic as more people were able to work from home and make savings.

Martin Lewis urges Britons with savings accounts to check it now or ... (Daily Express)

MARTIN LEWIS is urging Britons to check the interest rates on their savings account as they could be being underpaid.

In his latest financial newsletter, he explained that if the rate is under 1.5 percent then they are “being underpaid” and should not “stand for it”. “This means a great deal to me. I am a pensioner and every penny counts. Martin is encouraging those with savings to make sure they are getting the best from any savings pots. The money saving expert has warned people to “check it now” to ensure they are getting the best value for their money. MARTIN LEWIS is urging Britons to check the interest rates on their savings account as they could be being underpaid.

Martin Lewis issues warning to everyone with a savings account (Liverpool Echo)

Martin Lewis has urged people to check their savings accounts to assure they're receiving the interest rates they are owed.

Chronicle Live reported Martin Lewis is encouraging people to check if they can get a better deal on interest rates elsewhere. He urged people to look at their accounts and to make the move to one with a better rate if possible. If you've not switched savings account in the last couple of years, you're likely earning just 0.1% or less. Now, top savings rates have jumped to their highest levels since July 2019, Mr Lewis adds. The advice comes after people have been underpaid what they are owed as interest rates bounce to the highest line in several years. Writing in his moneysaving.com newsletter, Martin estimated over £180bn in savings was set aside by families throughout the pandemic.