Martin lewis issues june warning to nationwide, lloyds and natwest customers

TV PRESENTER AND MONEY EXPERT SAYS SAVERS MAY NEED TO ACT NOW TO GET THE BEST DEALS 14:26, 20 May 2025 Martin Lewis is warning savers with the big banks that they may need to act now to

avoid taking a hit on their money. The money expert has raised the alarm ahead of interest rate cuts from the likes of Nationwide and NatWest. The cuts will take effect from June and will

result in customers making lower returns on their savings. READ MORE: NATIONWIDE CUSTOMERS PUT ON ALERT OVER £100 JUNE BONUS PAYMENTS GET OUR BEST MONEY SAVING TIPS AND HACKS BY SIGNING UP

TO OUR NEWSLETTER Those wanting to make the most of their cash are being encouraged to act now and search around for the best savings accounts. Article continues below Martin advised opting

for fixed-rate accounts, as easy-access rates are expected to keep falling over the next 12 months as the Bank of England continues to cut the base rate. The TV presenter named his top

one-year fixed savings accounts as: Conister (4.52%), Cynergy (4.5%), and the best 'big name' is Virgin (4.31%). Martin also shared his top fixed cash ISAs. They are: Santander

(4.25%), Vida (4.25%), and the best 'big name' is Virgin Money (4.1%). Martin explained: "The Bank of England cut the UK base rate from 4.5% to 4.25%, and this could be a

tipping point for savers. "Fixed rates are set based on long-term views of interest rates. "The rate new fixes are offered at tends to move, in simple terms, with the market's

long-term view of interest rates, not current UK base rates (as variable savings do). "So, fixes are currently lower partly as UK rates are predicted to drop further - we spoke to four

City analysts, who all expect rates to be 3.25% or 3.5% at the end of 2025, and one even says they'll go as low as 2.75% in the first half of 2026. "That means the current top

fixed rates are higher than where the UK base rate is predicted to go. "If those predictions do come true, today's 4.5% fixes may rapidly end up paying more than top future

easy-access rates (plus they give the boon of certainty). Article continues below "So if you're concerned, the safest option, based on the mood music, is to lock in a rate by

putting some savings in fixes."