We all need a financial safety net. Ideally this should be 3-6 months’ worth of outgoings. This money is there to protect you should things not go financially to plan. The safety net stops you having to tap into your investments at times when the markets mean that it is not a good time. Emergency cash buffers should be kept in an easy access cash buffer. Here are the top accounts for you to consider.
If you are still building up your emergency fund you can currently get a better rate with a regular saver account. These are accounts that are designed for you to pay in regularly every month. To get access to the best rate, you will need to already have an account with the bank.