Martin Lewis explains two savings accounts you need to save money

Martin Lewis, the founder of Money Saving Expert, has shared his advice on the best way to manage savings accounts - and it's a simple two-step process

Martin Lewis , the brains behind Money Saving Expert, has offered his insight on how Brits can maximize returns from their savings. In a recent exchange with a fan looking to strategise the distribution of funds for optimal interest earnings, Martin outlined the benefits of keeping both an easy access and a fixed savings account at the same time.

Adding a caveat to the latter, he pointed out it's best for "money you can put away" as these often come with a no-withdrawal stance. On his BBC podcast The Martin Footnote Podcast, he explained that this kind of strategy pays off no matter which way the UK base rate swings. Moreover, Martin highlighted that there are no limits to the number of savings accounts one can have, urging savers to "put every penny where it can earn the most interest", reports the Mirror.

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