Britons are urged to check if they can apply for a “little-known” savings account that offers a 50 percent bonus interest rate.

The Help to Save account, which is Government-backed, is available to those who claim Universal Credit or Tax Credits and runs for four years.

Previously raising awareness of the account to ITV viewers, financial journalist and host of the podcast, Money Clinic, Claer Barrett described it as a savings account that pays the equivalent of 50 percent interest “that…