As the most a person can pay into the account each calendar month is £50, a total of £2,400 can be saved in the account over four years.
Therefore, the most available to be earned in four years is £1,200 in bonus money.
The savings boost earned is paid into a person's bank account, rather than their Help to Save account.
It's important to be aware saving money through a Help to Save account could affect benefits eligibility as well as how much a person can get.
However, if a person does stop claiming benefits, they can rest assured that they can keep using the Help to Save account.
Universal Credit claimants could get a bonus of more than £1,000 paid into bank account
Reviewed by Finance News
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