The Martin Lewis Podcast A Savings and Investment Special!
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Aug 28, 2025 Louise Claro, the Managing Director of Circle Financial Services and an independent financial advisor, joins the discussion on money management. They dive into the importance of defining personal financial goals and maximizing savings. Clara shares insights on the difference between accessible and fixed savings options. She also explains cash ISAs and the Help to Save scheme using a cake analogy. The conversation rounds off with smart investment strategies, emphasizing diversification and the advantages of index funds over managed funds.
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Choose Effort Or Maximum Return
- Decide at the start whether you want an easy, low-maintenance savings setup or to maximise every penny with tiered accounts.
- Pick one approach and stick to the monitoring effort it requires to get the expected reward.
Match Access Needs To Account Type
- Determine how much of your money you can lock away versus need immediate access to before choosing fixed or easy-access accounts.
- Use fixed accounts for guaranteed higher rates when you can tolerate the lock-in period.
Use Regular Savers Correctly
- Use regular savings accounts if you can add small sums monthly to capture higher rates even though interest accrues on the running balance.
- Expect roughly half the headline annual interest on a 12-month regular saver because of monthly deposits.