Are we seeing a shake-up in the savings world?

The world of savings could be set for a shake-up when a new player comes to town – Marcus. Marcus is an online challenger bank and an offshoot of investment banking giant Goldman Sachs, and may just put a bit of welcome pressure on rates in the savings market. But that’s not the only change afoot in savings. Virgin Money is launching an account where interest is earned in air miles, best-buy fixed rate deals are at a two-year high and Monzo has seen losses quadruple. There’s a lot going on. On this episode of the This is Money podcast, consumer affairs editor Lee Boyce and assistant editor Rachel Rickard Straus join presenter Georgie Frost to discuss all this and what it means for savers. They also talk through hotel booking websites, their tricks and whether they work for or against holidaymakers. The trio also discuss how much we need to save for retirement, why a raffle to win a Brixton flat has just been extended, and finally… could success in the World Cup really boost the economy?

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