The consumer champion warns savings with a return rate of less than 4 per cent are earning ‘diddly squat’.
Martin Lewis is urging millions of people with money in a savings or cash ISA account to check it now as they could be missing out on higher interest rates. The consumer champion warned that any savings rate below 4 per cent is earning “diddly squat” and now is the perfect time for some “savings self-care”.
He continued: “Boosting interest is usually simple: take your money out of a pee-poor interest account, then put it somewhere that pays more. Yet millions leave money earning diddly squat .He added that more providers are now ‘bucking the trend’ and launching higher rates. Latest Martin Lewis News The Office for National Statistics announced on Wednesday that the Consumer Price Index fell to 2.0% during May - down from 2.3% in April.
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