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

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.Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.