Money Saving Expert Martin Lewis has urged Brits to put £1 in a HSBC account as soon as possible. The finance advisor says people could potentially earn thousands of pounds back from making the small deposit.
READ MORE: Martin Lewis explains how to get £1,000 a year for free from government with one savings account He also had advice for mortgages. As mortgage rates have been rising, Lewis has said banks should be putting up the amount of interest savings can accrue too. "Let's stop the savings rip-off," he told viewers.
"All savings in reality are losings," he said. "Which means even in the top paying fixed accounts your savings are not growing as quickly as prices are rising.
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