麻豆社

Martin Lewis explains what鈥檚 happening to savings rates at the moment.

Speaking to 5 Live鈥檚 Adrian Chiles, Martin said: 鈥淪avings rates have peaked. They peaked in around the start of October 2024.鈥�

鈥淐urrently, we have inflation at around 2% and the top savings rate at around 5%. So, in real terms, your savings are actually growing. Putting money into savings means your purchasing power is increasing.鈥�

鈥淭his is a better time for savers than it has been for quite a long while.鈥�

Listen to the Martin Lewis Podcast on 麻豆社 Sounds.

This clip was originally from Adrian Chiles on 21st November 2024.