Martin Lewis is encouraging millions of individuals with savings or cash in an ISA account to check their interest rates, as they could be missing out on higher returns. The consumer champion warned that any savings rate below 4 percent is earning "diddly squat" and now is the ideal 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. 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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