Are you keeping your emergency fund under the proverbial bed?


I think we can all agree that COVID forced us to realise how important an emergency fund is. The rug can be ripped out from under your feet, without any notice, whether it be due to sickness, retrenchment, an accident or even the Government’s say-so.

The rule of thumb is that you should have at least three to six month’s expenses in an emergency fund. The main difference between your emergency fund and other investments like retirement, is access. As the name suggests, you need access to these funds in the case of an emergency and therefore there cannot be any barriers stopping you from getting your hands on it immediately.

For this reason, many people put their emergency fund in a bank account with immediate access. The downside is that most transaction accounts do not offer a significant interest rate. If your emergency fund is in such an account, you could just as well have it under the bed.

Robert Kiyosaki said: “Don’t work for money, make it work for you” and this should apply to ALL your savings and investments.

An alternative product you could use is Investec’s Corporate Cash Management Solutions. They have several accounts, providing investors with an exceptional return on their emergency fund while enjoying immediate access. These solutions do not require that the investor earn a certain level of income or have a specific asset value (as they do with their transactional accounts) and anybody can open one.

So, get your money to start working for you and contact us for more information at

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