Martin Lewis has issued a warning to anybody with a bank account - saying: "Hold off." Ahead of the ITV The Martin Lewis Money Show tonight, the financial expert and consumer champion urged savers to "hold off" as NS&I is "likely" to release a better savings rate deal in days.

Interest rates on fixed rate savings accounts and ISAs have fallen "across the board" in recent weeks, but tomorrow's Autumn Statement may bring some good news. He wrote on Twitter/X: “A thought for savers. Short Version: Hold a couple of days before putting any money in fixes as things may change.

“Long Version: Fixed rates are dropping at the moment (as rates aren't expected to rise as high as previously). Yet there are rumours that in tomorrow's autumn statement the Chancellor will ask govt savings institution NS&I to raise more money.

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“If so it is likely to pump out table-topping fixed rates again as it did a couple of months ago. So I'd wait a couple of days before doing anything." Rachel Springall, finance expert at Moneyfacts, said: “Fixed bonds and ISA rates have fallen across the board, which will be disappointing news to savers.

"There was a clear downward trend in the fixed market as all average fixed rates fell for the first time since March 2021. There have been sizeable month-on-month cuts not seen since 2020 and it is the first time that the average one-year fixed bond and ISA rates have fallen in over two years.

“There are expectations for interest rates to drop in the months ahead, so fixed savings rates could fall further before the year is over.” She noted: “There are still some providers enhancing their fixed rate savings deals, and challenger banks could go against the trend and increase their rates if they need to entice deposits to fund their future lending.”