Covering those unexpected bills needn’t be too stressful with a bit of planning and the right account.

There are a few ways to save for when you need an extra bit of cash:

  1. Put a lump sum away to let it earn interest until you need it
  2. Save little and often to keep building up your rainy day fund.

Whichever way you choose to save, you'll need an account that lets you have access to your money fairly quickly.

Easy access savings

A more traditional savings account gives you the flexibility to withdraw your money quickly and easily.


Getting the most of your savings by using your tax-free allowance is usually a great way of earning a rate of interest to boost your savings.

Make sure your ISAs allow you to make withdrawals so that you can get to your money when you need it.

Don't forget there is a maximum you can pay into an ISA in any tax year, which means you may not be able to replace any money you withdraw.

Whatever your savings targets and how you choose to save, look at all of your options before deciding on which options are right for you. If you’re in any doubt you might want to seek the advice of an Independent Financial Advisor.