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Martin Lewis gives critical advice for savings accounts as interest rates held

2023-09-22 8 Dailymotion

Martin Lewis has issued advice to those with savings accounts as interest rates held for the first time in two years.<br /><br />Speaking on Good Morning Britain on Friday (22 September), the MoneySavingExpert told those thinking about getting a fixed savings account to “open an account now” and fund it at the very last minute before its cut-off period for taking money out.<br /><br />“We think, nobody knows... the top fixed savings rates are likely to shave down a little bit,” Lewis said.<br /><br />The advice came after the Bank of England bank voted to keep rates at 5.25 per cent, ending a run of 14 consecutive hikes.

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