Martin Lewis

So I am presuming at this point, with my best Sherlock Holmes act...

that you now have a caller and it's an actual question as opposed to a success.

How have I done?

What can we do for you?

Lovely to speak to you.

Congratulations.

How newborn is newborn, please?

It makes no difference to the answer to the question, but only difference just to get a good visual.

Yep.

Let's answer that one first, shall we?

The answer to that question is, in my view, when we're talking about, I think it's a 0.05% difference in rate.

Yeah.

So put in real terms, that's 50p interest per £1,000 a year or 5p interest per £100 a year.

I don't know the scale of magnitude of the type of money you've got in there.

Well, also, more importantly, I prefer you to have them all in a convenient place.

So if the rate in the place that you've got it in were to drop, you're not going to be waiting around four or five months thinking, oh, I need to sort all that out and move it somewhere else.

You've got them all in one place.

You can do it far more easily.

And I think the convenience factor for 0.05%.

is well worth it because even a delay of three or four weeks at some point in the future, if the rate were to be pants and you had to move it elsewhere, would overcome any very small difference in rate right now.