Martin Lewis Money Show – live: Fixed savings accounts offering highest rate since 2009

Consumer champion returns with hour-long live special on ITV

Martin Lewis says it is still possible to claim money back for working from home

Savings rates are at their highest since 2009, with fixed-rate accounts now offering interest as high as 4.85 per cent, the MoneySavingExpert founder has said in a special live episode of the Martin Lewis Money Show.

Consumer champion Martin Lewis touched upon ISAs, savings rates and investment fees in the latest installment of the series on Tuesday night.

He and co-host Angelica Bell have been taking questions from concerned audience members this month on ITV in a series of hour-long live specials aimed at helping people weather the cost of living crisis.

The series first aired in 2012 – during the government’s austerity drive – in half-hour installments, and since 2016 has broadcast a series of longer live specials to help viewers with the likes of Brexit and the coronavirus pandemic.

The latest series comes as households across the UK struggle to contend with soaring energy bills, rising food costs and higher interest rates, as new prime minister Rishi Sunak warns of “difficult choices” ahead as he seeks to fill the vast gap torn in nation’s finances.

Key Points

• Top fixed-rate savings account now offering rate of 4.85%
• Viewers urged to check if they are eligible for tax-free childcare
• People advised to use government’s Help to Save scheme if eligible

[1 November 2022 20:12 · Andy Gregory]

‘Savings are losings’ as a result of inflation, says Martin Lewis

“Savings are losings” as a result of inflation running at 9 per cent, Martin Lewis says.

He adds that you can mitigate this by making sure you are on the top rate of easy access savings, which are set at the cost of UK borrowing (around 4 per cent) – as opposed to the base rate which can be around 1 per cent.

[1 November 2022 20:06 · Andy Gregory]

Martin Lewis tells energy customers awaiting news of discount to contact supplier

Martin Lewis refers to news from the Post Office that many people using prepaid smart meters are yet to receive the first installment of their £400 energy bills support.

He says that you should have already had a text, email or post from your energy supplier telling you how to get your voucher. If you haven’t speak to them and you should receive one, he adds.

[1 November 2022 19:58 · Andy Gregory]

Good evening, and thanks for joining us here on the live blog, where we’ll be reporting on the show as it unfolds.