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Martin Lewis has issued a warning to UK households that are hoarding their savings in the bank, rather than taking advantage of stocks and shares investments.

Many Stocks and Shares ISAs offer better returns than standard interest rates from savings accounts, meaning your money could go a lot further.

Speaking on his eponymously titled ITV show, Martin warned: "As a nation we under-invest. We’re risk averse, and that carries its own risk.

READ MORE: Martin Lewis urges UK households to bag 'bargain' - key details

“If you put money in savings, even in the top paying savings, over the last decade they will have actually lost value, as those shrunk compared to inflation.

“So if you’re putting money away for the longer term and want more rapid growth, investing will often ou

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