This is the money available both for emergencies and for large purchases. Keep it readily available. The right places for it are:
� Building societies
� National savings.
Each has different schemes over various periods; your choice will depend on how much you want to save and for how long. You must take into account which scheme will give you the best rate of interest.
The amount you save will be determined by your own needs and desires, but a typical sum is between £5,000 and £25,000. Make sure you get a good rate of interest - the best may be from a high interest account in your bank, a high interest account in a building society or even a deposit account.