NS&I and Marcus Bank cut rates - what's the point of saving?

Feb 21, 04:24 PM
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.