You can't foresee a disaster, but you can be prepared for it - yet figures released by National Savings and Investments (NS&I), the government-backed savings provider, suggest that many British savers have trouble accessing their savings in times of difficulty.
The research revealed that 64 per cent of those who needed funds quickly - whether to repair a domestic disaster or tide them over after sudden redundancy - had problems getting their hands on their cash.
They faced branch closure, too much red tape and penalties for early withdrawal, among other issues - all factors which could be eliminated with an easily accessible fund set up exactly for this kind of unforeseeable emergency.
"It is recommended you have at least three months salary in an emergency fund to cover any unforeseen circumstances," said John Prout, NS&I sales director.
"You never know when you might need easy access to your savings to cope with an emergency. By having a lump sum in a savings account which gives you easy access to your money, there will be one less thing to worry about if disaster strikes."
A national average of one in five people told NS&I that they had needed emergency access to their savings at some time.Click here to compare savings accounts.
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