Experts reveal the amount you should have in emergency savings

• Financial experts are urging Britons to build an emergency savings fund to improve financial resilience as billions sit in zero-interest bank accounts.
• Savers are advised to start with manageable goals and set up automated transfers straight after payday into an accessible savings account.
• Recommended emergency savings goals should cover three to six months of essential living expenses, excluding discretionary spending like holidays and subscriptions.
• Individual target amounts depend on personal circumstances, with lower-risk individuals needing around three months of expenses and those with dependents requiring closer to six months.
• Emergency funds should be kept in easily accessible, high-yield accounts such as Cash ISAs earning at least four per cent interest to combat inflation.

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How much should you have in emergency savings? Here’s exactly how to work it out