30 August, Friday, 2024
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HomeSourcesexpress.co.ukMartin Lewis shares top easy access savings accounts right now

Martin Lewis shares top easy access savings accounts right now

Last week, the Bank of England base rate increased 0.75 percentage points to three percent. Many people may be wondering if this rate will increase what they are being offered for their savings. On the Martin Lewis Money Show tonight, the money saving expert discussed the top easy access account on the market right now.With so many options, he explained when people should ‘make a move’ to maximise their savings.He warned people to move their money if they have an account earning less than one percent, as they are being ripped off.Unfortunately he said ‘this is the vast majority of people’.When it comes to saving money, most people start with the ‘bog standard’ easy access savings accounts as it allows for flexibility.READ MORE: Martin Lewis explains whether Premium Bonds are worth it for Britons with ‘typical luck’ Martin Lewis shares the top easy access accounts (Image: ITV)Savers can put their money in and take it out when they want, they can have large lump sums so it’s the ‘no brainer place to begin’.He suggested the best places people can put their money right now.He said: ‘There is a new best buy – it is Tandem and Atom bank- they are both app only and pay 2.55 percent.’This is slightly ahead of Marcus and Saga that are both available online. That is 50p per £1000 extra interest over a year.DON’T MISSDWP rule change could see millions of people on PIP and Attendance Allowance worse off [ANALYSIS]Free prescription: Over 60s may be left waiting longer but 15 groups are eligible now [INSIGHT]New OVO Energy trial offers free smart boilers and cuts emissions 40% – are you eligible? [ANALYSIS] The Bank of England base rate increased 0.75 percentage points (Image: EXPRESS)By putting money away for longer, they can benefit from a higher rate of interest.He mentioned United Trust paying 4.6 percent for a one year fix.Atom Bank is paying 3.55 percent for a six month fix.The Martin Lewis Money Show is available on ITV Player.

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