Two in five (41 percent) savers think they don’t earn enough in interest to pay tax on their savings accounts, new research has found.

One in ten (9 percent) savers who have more than £20k+ in non-ISA savings accounts don’t believe they have enough in savings to worry about paying tax, according to new research from specialist bank Shawbrook.

If these savers were basic rate taxpayers, a 5 percent interest rate could put them over their Personal Savings Allowance and lead them to an…