The founder of Money Saving Expert talked about saving money when discussing last week's Bank of England interest rate freeze.
Financial expert Martin Lewis is back with another tip to make sure people aren't getting ripped off when it comes to their savings.
He wrote: "Last week, against predictions, the Bank of England froze rather than increased interest rates – lowering market expectations of future UK rates. This is particularly important in relation to fixed rate savings – as they could now drop."READ MORE: People receiving six DWP benefits told to switch to Universal Credit or lose money
The second rule was not to delay in turning this situation around if you find your current rate isn't very good, as Martin wrote: "Rule 2. Thinking about a fix? Open one now even if you don't pay in." "Easy-access accounts are bog-standard flexible savings where you can put money in and withdraw when you want. So at the worst your money should be in the best of these. As easy-access rates are variable, they tend to move in line with the Bank of England base rate ."
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