Savings accounts do not generate a healthy return according to financial professionals.
Finance workers are suggesting that savers should invest their cash instead of placing it in savings accounts.
Investing money could generate a better return for Britons as savings accounts are deemed a "waste of time" by experts, however as we all know investing is not without its risks.
With interest rates low and inflation rising financial specialists have warned that savings account products offered by UK banks and building societies fail to offer a real rate of return on deposited cash. Some industry experts have suggested that placing savings in high-yielding shares or funds may be a better option.