The Meaningful Money Personal Finance Podcast · Wednesday, September 30, 2026
Chris, a new listener transitioning from accounting to financial planning, sought advice on the best place to hold his emergency fund. He currently has funds in premium bonds, a stocks and shares ISA, and a cash ISA. Roger Wix advised that while a cash ISA is suitable, the key is accessibility, suggesting it should be with the same bank as his current account or easily linked for quick withdrawals.
“In your opinion, is this just as simple as putting everything into the cash ISA and just having to eat the small inflationary erosion versus interest gains?”
“The difficulty when it comes into the small inflationary erosion is that the emergency fund is there for a job. So you could ignore inflation for that purpose, really.”
“It's not about making you money. It's about being there. It's an insurance premium. Yes, essentially insurance, yeah.”
“So you want it maybe with the same bank as your current account, so you can just flick it sideways on your app, something like that.”