Martin Lewis warns UK savers to act now ahead of interest rate ‘tipping point’

Thinking about locking in a fixed rate savings account? Now could be the time to do so (Picture: Getty/REX)Following the Bank of England announcing it’s cutting the base rate, Martin Lewis has warned UK savers of a ‘tipping point’ for their hard-earned cash.Last week, interest rates were chopped from 4.5% to 4.25% – and the Money Saving Expert (MSE) founder reckons now could be the moment to lock in a fixed rate.In the latest edition of his newsletter, Martin says that i