Building an emergency fund
Be prepared for life’s surprises when you build an emergency fund.
Why save an emergency fund?
An emergency fund is your safety net for life’s unexpected costs – from a broken boiler to sudden job changes. It helps ease financial stress and means you’re less likely to rely on borrowing. Unlike saving for a specific goal, an emergency fund is there for life’s surprises.
An emergency fund could help with:
- Home repairs – from a leaky roof to a broken appliance.
- Car costs – servicing or unexpected fixes.
- Family needs – travelling for an emergency or supporting loved ones.
- Pet care – vet bills and treatments.
Start small and build steadily. Even a little extra set aside can make a big difference when you need it most.
Starting your emergency fund
You’ll want an account that suits your needs for your emergency fund. Instant access accounts let you access your money whenever you need it. If you prefer a higher interest rate with less access, fixed accounts can help your savings grow. Just remember, you won’t be able to dip in without charges.
We offer a range of savings accounts, with minimum deposits starting from as little as £1 and instant access to your money when you need it.
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