534 | Britain's £306 billion savings blind spot

This week on Cash Chats, New Bank of England figures reveal that almost £306 billion is sitting in accounts paying no interest at all — more than the amount held in fixed-rate savings.

So why are so many of us leaving our money somewhere that earns nothing? And with huge sums also sitting in easy-access accounts paying relatively low rates, are we making the most of our savings?

This week, James Andrews joins me to look at where people are actually keeping their cash, why so much money ends up in poor-paying accounts, and what you should think about when deciding where to keep your own savings.

For links and further reading head to becleverwithyourcash.com/cashchats

ABOUT CASH CHATS

Cash Chats is the award-winning podcast brought to you by the team of money geeks at Be Clever With Your Cash, sharing the latest updates from the world of personal finance and helping you to navigate the everyday money challenges we all face. Show notes can be found at becleverwithyourcash.com/ podcast.

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MUSIC

The music is Easter Island by Lonely Punk and provided on a creative commons licence