The Money Saving Expert founder has issued advice to savers
Martin Lewis has shared a savvy financial tip for Brits, suggesting they should keep both an easy access and a fixed savings account to maximise returns on their savings. The Money Saving Expert founder explained this dual-account strategy during a response to a fan's query about spreading cash across various accounts to boost interest earnings.
Adding to his advice on fixed accounts, he noted that these should be used for "money you can put away" due to their restrictive withdrawal conditions. On his BBC podcast The Martin Lewis Podcast, he highlighted how this approach is advantageous regardless of fluctuations in the UK base rate.He pointed out that while easy access accounts are variable and could decrease if the base rates fall, a fixed account's rate remains constant once set.
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