This Is Money Show

The nation's favourite savings product has just got a little less generous. The prize rate on NS&I's supremely popular Premium Bonds will be slashed from 3.8 per cent to 3.6 per cent from the August draw - the fifth cut since March 2024. On this week's podcast, Helen Crane, Tanya Jefferies and Georgie Frost discuss why Premium Bonds are the Marmite of the savings world, and ask whether the latest cut will prompt devotees to jump ship.  We also look at where else they could stash their rainy day fund - and keep the tax-free benefits.  Elsewhere, the team ask why a Lloyds Bank customer was turned away from the counter when they asked to withdraw £600 in cash - and told they could only do it at the machine outside.  We also hear from a reader who has a moral dilemma. They are having £40,000 of work done on their home, and the builder has asked them to pay in cash.  It seems there may be some creative accounting at work - but our reader hasn't been told that in so many words, and it could of course be p