{"id":177405,"date":"2025-11-12T22:52:19","date_gmt":"2025-11-12T22:52:19","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/177405\/"},"modified":"2025-11-12T22:52:19","modified_gmt":"2025-11-12T22:52:19","slug":"martin-lewis-explains-easy-way-to-boost-savings-above-4-personal-finance-finance","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/177405\/","title":{"rendered":"Martin Lewis explains easy way to boost savings above 4% | Personal Finance | Finance"},"content":{"rendered":"

Money expert Martin Lewis is urging anyone who earns less than 4% in their savings accounts to \u2018do better\u2019 and switch up to a more lucrative account paying out more interest.<\/p>\n

The Bank of England this week opted to hold interest rates<\/a> at 4%, rather than cutting or raising them.In a tight decision, five of the nine-strong committee of rate-setters voted in favour of maintaining the interest rate<\/a>. It came despite the Bank indicating that inflation has now \u201cpeaked\u201d and that unemployment is likely to rise beyond previous expectations.<\/p>\n

With rates held at 4%, money expert Martin Lewis explained how several products currently available to savers can beat that threshold.<\/p>\n

Martin Lewis tweeted to his millions of followers about a savings focused special episode of his BBC<\/a> Sounds and Spotify podcast: \u201cIf you’re earning less than 4% in your savings, you can do better! This pod shows you how to maximise every penny both simple ways and more complex too if you’re spend more time.\u201d<\/p>\n

Speaking on the episode, Martin said: \u201cThe top payers at the moment, two pay 4.5%. So that\u2019s what you want to be looking at. If you\u2019re earning less with easy access, get your money out of there and put it into one of these.<\/p>\n

\u201cYou\u2019ve got Ulster Bank which is part of NatWest so it\u2019s a big name, pays 4.5%, you need a minimum of \u00a35,000.<\/p>\n

\u201c…The rate will drop in a year but for the next year you should have a decent rate. Because all easy access accounts are variable.<\/p>\n

\u201cThere\u2019s also Chase. Chase, part of JP Morgan, pays 4.5% on a minimum of \u00a31, again includes a 2.25% bonus.<\/p>\n

\u201cIf you just want a bog standard simple you don\u2019t have to be new, there\u2019s no minimum, Hodge Bank, 4.2%, minimum \u00a31, maximum \u00a3250,000, which is way more than most people will have to put in, take your money out whenever you want, no other caveats with that one.\u201d<\/p>\n

Martin said that the alternative is fixing, lock your money away at a guaranteed rate for a given number of years, which tend to have better rates, but you cannot access the money.<\/p>\n

He added that Monument currently gives 4.47% for one year, and LHV bank 4.46%, both higher than any of the easy access accounts, and they can\u2019t be reduced within that timeframe.<\/p>\n","protected":false},"excerpt":{"rendered":"Money expert Martin Lewis is urging anyone who earns less than 4% in their savings accounts to \u2018do…\n","protected":false},"author":2,"featured_media":177406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[7440,79,18,19,5389,17,29863,234,235,3888,11679],"class_list":{"0":"post-177405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-bank-of-england","9":"tag-business","10":"tag-eire","11":"tag-ie","12":"tag-interest-rates","13":"tag-ireland","14":"tag-martin-lewis","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-savings","18":"tag-savings-accounts"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115539184394478103","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/177405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=177405"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/177405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/177406"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=177405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=177405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=177405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}