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Ryan Paton & Sonia Sharma

Martin Lewis explains £1 savings tip as he tells people to 'stop being ripped off'

Financial guru Martin Lewis has issued a passionate plea to anyone with savings - and shared a £1 trick to get a better rate.

The latest episode of ITV's Money Show Live, hosted by the consumer champion, was dedicated to savings advice. And Martin urged viewers with savings to act now.

He said: "Forget riding the market. Take the fire and the passion you've got hopefully from listening to me right now tell you that you are being ripped off and just go and sort it now."

Read More: Martin Lewis causes Government website to crash after issuing state pension advice

The financial expert then shared some tips to help people boost their savings - and he spoke about a way to get a better rate with HSBC, reports the Liverpool Echo. He said: "HSBC's online bonus saver pays 3% and up to £10,000.

"Here's a trick, the terms say you can get this account whether you've got a current account or a saving's account. Well it's flex savings account allows you to open it with £1. So you can put £1 in HSBC's flex saving account, which has a very poor rate and that will give you access to this account what pays 3% and you can put up to £10,000 in.

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