Nearly five million people are not making the most of their money as £43billion is currently sitting in low interest ISAs.

There are almost five million instant access cash ISA accounts held earning low rates in the UK with an average balance of over £8,500, analysis from Yorkshire Building Society and CACI suggests.

These ISAs are earning 1.50 percent or less and have an average balance of over £8,500.

The analysis is in addition to that research from earlier in the year that found almost…