NS&I and Marcus Bank cut rates – what’s the point of saving? The This is Money podcast

This week, savings have been in the spotlight with National Savings and Investments cutting rates on a number of its offerings, including popular Premium Bonds.

Both Marcus Bank and Saga also cut easy-access rates.

On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost look at what’s behind the cuts and question: should savers head elsewhere, and what is the point of tucking money away for little interest?

Nationwide Building Society has launched a Start to Save easy-access account with a £100 lottery – is it any good and can it help get people into the savings habit?

We cover a curious case of one reader who found their Spotify infiltrated by someone with appalling music taste.

Simon reveals how he was stung by the loyalty penalty when a renewal letter came through from his insurer Halifax.

It hiked his premium, but after weeks of back-and-forth, couldn’t give him a concrete reason as to why.

And Lee looks at whether a Fitbit is worth the money and how a fitness tracker helped his mum, with an underlying health condition, become healthier.

Sad piggy: With NS&I cutting rates, many savers might be wondering what's next for their pots

Sad piggy: With NS&I cutting rates, many savers might be wondering what’s next for their pots

How to listen to the This is Money podcast 

We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify.

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To download the Apple Podcasts app if you do not already have it, go to the App store. Or go to either the Apple App store or the Google Play store on Android to download the Acast, AudioBoom or Spotify app. 

Press play to listen to this week’s full episode on the player above, or listen (and please subscribe and review us if you like the podcast) at Apple Podcasts, Acast, Audioboom and Spotify or visit our This is Money Podcast page.   



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