Money Saving Expert Martin Lewis has issued a warning to anybody on Universal Credit in the UK. There are currently around 2.6 million people in the country who are receiving the benefit payment.
21.04.2022 - 15:05 / ok.co.uk
Martin Lewis has issued a warning to those with money in a savings account to "check it now." He's urged people to see if they're being underpaid, and encouraged people to check savings pots to make sure you're getting the best value for your money.The Money Saving Expert is known for his savvy saving hacks and in recent updates he said those with savings pot, big or small, need to review.Top savings rates have jumped to their highest levels since July 2019 and Martin said that if your savings rates are less than 1.5 per cent you're being underpaid. Get exclusive celebrity stories and fabulous photoshoots straight to your inbox with OK!'s daily newsletter He said: "Don't stand for it.The minimum savings should pay is 1.5% - as that's what you can get in the top easy-access account.
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.Though of course you know that, as you've already checked...
sorry for going on about it." In his latest newsletter, Martin urges people to see if they can get a better deal on interest rates elsewhere. He put together a list of those offering 1.2, 1.5 and 2.3 per cent, if you put away cash for a fixed term.
It comes after Martin shared some of the tips people are using to try and save money amid the cost of living crisis.The personal finance expert has put together an extensive guide to help people make the most of their money and cut costs where possible, including crowdsourced responses from his many followers. Suggesting a few ways she saved money, one of Martin’s
.Money Saving Expert Martin Lewis has issued a warning to anybody on Universal Credit in the UK. There are currently around 2.6 million people in the country who are receiving the benefit payment.
Martin Lewis has criticised energy firms which are doubling bills for one in four customers, according to research.The MoneySavingExpert founder said suppliers raising prices in some cases by 100 per cent "smells wrong". Customers complained about companies such as British Gas and Octopus in a survey by MoneySavingExpert.com between April 26 and May 3. One in four people who took part claim their bills have doubled despite being on a price cap and in credit.
Martin Lewis has replaced Richard Madeley on Good Morning Britain for the first show of the week. On Monday 9 May the 65 year old was replaced by the financial journalist who appeared alongside Susanna Reid, which ITV viewers were delighted to see. The Money Saving Expert took the opportunity to discuss the latest changes to the cost of living as well as university fees and viewers rushed to Twitter to praise the switch-up.
Martin Lewis has warned all UK workers to check they’re not losing out on thousands of pounds - by simply seeing if their tax code is correct. His MoneySavingExpert website instructed workers that that the small error could have major consequences for their finances.
Martin Lewis has issued a number of tips and warnings to those planning to travel in the coming months. After missing out on holidays for two years, thousands of Brits are preparing to jet off this summer, but there's a number of things you should consider before heading anywhere.
Martin Lewis' Money Saving Expert website plans to release the results of a huge survey after energy companies were accused of taking more money than they need from customers. It comes as energy regulator Ofgem revealed it had issued 'Compliance Reviews' to several energy firms.
Money Saving Expert Martin Lewis says there's a 'magic number' anybody who pays bills needs to know about. Martin, who regularly appears on ITV's This Morning,
Martin Lewis has issued another warning about Bitcoin scams which fraudulently claim to be supported by the personal finance expert.The Money Saving Expert founder appeared on This Morning to take calls from viewers alongside hosts Holly Willoughby and Phillip Schofield.The star’s advice on finances is trusted by many, but it has also opened the door to scammers promoting services they claim Martin has backed, leaving him to insist that he does not participate in any advertisements. When a caller into the show mentioned a campaign that Martin was supposedly involved in relating to investing in the cryptocurrency Bitcoin, he immediately began to shake his head.
Martin Lewis was desperate to get his point across during his latest appearance on This Morning. The Money Saving Expert founder regularly appears on the show to answer viewers' questions and give out all-important advice.
Half a million people on minimum wage could be getting underpaid, Money Saving Expert (MSE) founder Martin Lewis has warned. The UK minimum wage increased on April 1, rising 6.6 per cent for for those aged 23 and over to £9.50 per hour.
A woman who shops at Tesco says she managed to reduce her entire weeks' worth of shopping to £13 thanks to Money Saving Expert Martin Lewis. Using the tip, her monthly shop would only be £52.
Money Saving Expert Martin Lewis has issued a warning to anybody in the UK with a savings account. He says if people don't act now, they could lose a significant amount of money.
Money Saving Expert Martin Lewis says that some people can refuse to pay increased prices for electricity and heating. He appeared on ITV's This Morning where he explained why to Holly Willoughby and Phillip Schofield.
Money Saving Expert Martin Lewis has shared some of the tips people are using to try and save money amid the cost of living crisis.The personal finance expert has put together an extensive guide to help people make the most of their money and cut costs where possible, including crowdsourced responses from his many followers. Many followers shared tips on how to save money when it came to electricity and water usage, including tips on saving money when washing clothes and having hot drinks on the cheap. When it came to washing clothes, one savvy saver said she keeps an eye on the weather so that she can dry her clothes outside, rather than use a washing machine.
Money Saving Expert Martin Lewis has issued a warning to millions of people who have a British passport. The ITV This Morning Expert says people need to be aware of 'hidden' fees when renewing their passport.
Amid rising cost of living prices in the UK, houses across the country are doing whatever they can to save money on bills. With energy costs rising, heating our homes has become increasingly expensive, with many taking money-saving tips wherever they can to lower their bills this spring. Money Saving Expert Martin Lewis has now been praised after shoppers discovered a £35 SpecialBuy bargain from Aldi which will help to keep you warm for as little as 4p a week.