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After sharing Deborah’s story, co-host Angelica Bell highlighted that Martin Lewis has been one of the driving factors in getting more people to take out Help to Save accounts.

On the importance of saving money, Mr Lewis said: “It’s very important for financial resilience, if you can, and I know many people can’t, at the moment be able to put some money in savings.

“It (Help to Save) is for people who are on Universal Credit or have low incomes, not everyone will qualify, but it is worth checking.”

Who is eligible for Help to Save?

To qualify for this savings product, account holders either need to be:

  • Eligible for Working Tax Credit.
  • Eligible for Working Tax Credit, and claiming Child Tax Credit.
  • Claiming Universal Credit and earning a minimum of £658.64 from paid work in their last assessment period.