If we were to ask you how much interest you were getting on your savings account, would you know?
A recent survey revealed that 66% of savers either did not know how much was being paid in interest or overestimated the rate. Of 495 people surveyed, 27% thought they were getting more than 4%. In reality, the average rate of interest on £5,000 is only 2.74%.
Check your interest rates - you could get more with a bit of research.