He issued the warning during his show
Martin Lewis, founder of Money Saving Expert, has issued a fresh warning to people living in the UK urging people to "act now".
In giving advice on how people can boost their savings, as reported by MEN, he had a specific trick for those with a HSBC account to get a better rate. He said: "HSBC's online bonus saver pays three per cent and up to £10,000. "Let's stop the savings rip-off," he told viewers adding: "UK base rates have been rising since December and are likely to rise again this Thursday. But while variable mortgage rates have shot up in the blink of an eye, we've yet to see most savings rates rise at all."
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