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@hippy
That's the point - you can get your money out in an emergency but you'll lose the benefits. Same as a bonus saver but this is tax free and if you do get a fixed term one it will pay more than the variable option. Most banks offer both.
£5,100 into cash, £5,100 into stocks and shares, as I said above.
You don't have to put £5,100 in. You could put whatever you're comfortable locking down in. Have a bonus saver paying a little bit of interest (it all adds up) where you're only penalised a month's interest if you withdraw and have a normal account for spending. When this builds up enough transfer some into either the bonus saver or the ISA depending on how soon you might need it.
If you have £10k now that you definitely won't need, you could put 5,100 in cash ISA and the rest in stocks and shares ISA. Again a lot of banks will do both. Fidelity was mentioned earlier - guy at work reckons this is pretty good - you can choose the type and risk level of your portfolio.
I only did a cash ISA as I need to be flush to sort my EPO guy..