Martin Lewis says a current account offered by a major building society includes travel insurance that is “very good for older people”. The MoneySavingExpert.com founder made the comments during a recent episode of his BBC podcast, with fans phoning in to ask for tips on reducing costs.

It included a discussion of how to choose the best current account for your circumstances and how to switch from one bank to another. The personal finance guru urged listeners to compare the benefits different accounts offer to find the one best suited to their priorities. Martin said some people would benefit from switching to what he calls a “packaged bank account”, in which account holders qualify for insurance policies, like travel insurance packages or breakdown cover.

These almost always involve a monthly fee, typically ranging from around £10 to £20 (though premium options can be considerably higher).

Martin discussed some of the best options on the market, mentioning Nationwide’s Nationwide FlexPlus account, which provides Worldwide Family Travel Insurance through Aviva.

He said it’s a “very popular one, very good travel insurance for older people”.

Benefits include: “Worldwide family travel insurance, no age limit although pre-existing conditions have to be discussed, includes winter sports,” he said.

Account holders also get UK and European breakdown cover, “including home assistance and onward travel, all the handsets in the household and mobile phones are covered” he added.

Martin also said due to a signing on bonus, the first nine months are effectively free.

That’s because while the standard monthly charge is £18, Nationwide is currently offering a £175 bonus payment to anyone transferring their current to them from a different provider.

It applies to Nationwide’s FlexDirect, FlexAccount and FlexPlus accounts.