Nationwide savings account is offering five percent interest rate on your money | Personal Finance | Finance

Lucinda O’Brien, a personal finance expert from money.co.uk recommends people move their cash to a high interest account at a fixed rate.

She told Express.co.uk: “Any savers who don’t move their money to the highest interest rate savings account will be missing out.

“It’s important to note, the highest rates will often be found in fixed-rate savings accounts, which is not ideal for those who may need to dip into their savings over the next few months due to the current cost of living.”

Meanwhile, the M Plus Saver is currently offering 2.52 percent variable on balances up to £25,000, which provides savers with more flexibility.