Some plant species do the opposite of saving for a rainy day.  They sop up rain water that would otherwise run off or evaporate.  They redistribute the water to a long tap root where it is safely stored in deep soil out of reach of their shallower rooted neighbors.  In the intervals between rainy periods, they return water to the shallow portion of the root system and prevent it from drying out.  Researchers indicate that this capability is not restricted to 
the tree species in the the Amazon basin they researched.  While the researchers refer to the "hydraulic redistribution" phenomenon being observed by others, first in small plants two decades ago, this appears to be the first time that a statement has been offered to gage the potential global scale and the significance to water balance and climate models.

   The new study in the Amazonian forest shows that trees use water in a complex   way: The tap roots transfer rainwater from the surface to reservoirs deep   underground and redistribute water upwards after the rains to keep the top   layers moist, ... The researchers estimate this effect increases   photosynthesis and the evaporation of water from plants, called transpiration,   by 40 percent in the dry season, when photosynthesis otherwise would be   limited. 
    "This shifting of water by roots has a physiological effect on the plants, letting them pull more carbon dioxide from the atmosphere as they conduct more photosynthesis," said co-author Todd Dawson, professor of integrative biology at UC Berkeley. "Because this has not been considered until now, people have likely underestimated the amount of carbon taken up by the Amazon and   underestimated the impact of Amazonian deforestation on climate."... 
    Dawson, Lee and their colleagues, including Inez Fung of UC Berkeley, reported   their findings last month in the Dec. 6 issue of the Proceedings of the   National Academy of Sciences. ... 
    "Evapotranspiration stays higher than previously expected during the prolonged dry season because of this private reserve of water banked during the wet season by the tap roots," said Dawson. "Just as perspiration cools us off, increased transpiration by trees in June and July explains the drop in   temperature in the Amazon." 
    This effect changes the way the atmosphere heats and cools, and will change   the way rain is distributed, he noted. Depending on the extent to which trees   elsewhere in the world, especially in Africa and other tropical and   extratropical areas, redistribute water in the soil, the impact on global   climate could be significant. 
    "The impact on transpiration is greatest in the Amazon and Congo forests, but our model also shows an impact in the United States and other places that have dry and wet periods," Lee said. 
    Trees have long been known to lift water from the soil to great heights using   a principle called hydraulic lift, with energy supplied by evaporation of   water from leaf openings called stomata. Twenty years ago, however, some small   plants were found to do more than lift water from the soil to the leaves - they also lifted deep water with their tap root and deposited it in shallow soil for use at a later time, and reversed the process during the rainy season to push water into storage deep underground. Dawson discovered in 1990 that trees do this, too, and to date, so-called hydraulic redistribution has been found in some 60 separate deeply rooted plant species. 
  Earlier this year, Dawson's colleague and former UC Berkeley doctoral student Rafael Oliveira of the Laboratório de Ecologia Isotópica at the University of   Sao Paulo, Brazil, discovered that Amazonian trees also use hydraulic   redistribution to maintain the moisture around their shallow roots during the   long dry season. During the wet season, these   plants can store as much   as 10 percent of the annual precipitation as deep as 13 meters (43 feet)   underground, to be tapped during the dry months. [emphasis added]
 Oliveira of the Laboratório de Ecologia Isotópica at the University of   Sao Paulo, Brazil, discovered that Amazonian trees also use hydraulic   redistribution to maintain the moisture around their shallow roots during the   long dry season. During the wet season, these   plants can store as much   as 10 percent of the annual precipitation as deep as 13 meters (43 feet)   underground, to be tapped during the dry months. [emphasis added]
 "These trees are using their root system to redistribute water into different   soil compartments," Dawson said. "This allows the trees and the forest to   sustain water use throughout the dry season."
     The process is a passive one, he noted, driven by chemical potential   gradients, with tree roots acting like pipes to allow water to shift around   much faster than it could otherwise percolate through the soil. In many plants   that exhibit hydraulic redistribution, the tap roots are like the part of an   iceberg below water. In some cases these roots can reach down more than 100   times the height of the plant above ground. Such deep roots make sense if   their purpose is to redistribute water during the dry season for use by the   plant's shallow roots, though Dawson suspects that the real reason for keeping   the surface soil moist is to make it easier for the plant to take in   nutrients. 
    "Hydraulic redistribution is definitely related to water, but it can't really be discussed outside the context of plant nutrition," he said. 
    The article goes on from there, but this point concerning nutrition is worth   expanding upon. The article indicates that stored water is transferred to the   shallower portion of the root system where it must exude into the soil   "for keeping the surface soil   moist".  Soil ion   adsorption and   plant nutrient exchange processes are moist (vs dry) soil phenomena. Keeping   the soil moist just at the root surface would put minimal demand on plant   water reserves but have a significant effect on nutrient availability.
    It would also support the symbiotic community of soil microorganisms supported by the root system.   Arbuscular   mycorrhizal fungi and symbiotic   soil   bacteria are sustained by   rhizodeposition,   a term which can encompass both liquid root exudates and solid plant cell   material. In my experience, root exudates are normally explained as simply an   energy or carbon source for the microbes, a carbohydrate quid-pro-quo in   exchange for mineral nutrients. It is a fairly thrifty exchange.  The   water supply component of root exudates highlighted in this new research is an   exciting emphasis, at least to your author. Access to steady and stable supply   of water, even a parsimonious supply, is ideal for sustaining   soil   fungi. Resulting beneficial effects, in the form of   mycorrhizal   hyphae, can extend out from a few centimeters to many meters. Perhaps future   observations will be able to determine if the fungi component also plays a   role in moistening soil.
    Root water uptake and the dynamic   availability of water to plants is a phenomenon that tends to be overlooked by   soil scientists, despite the often dominant role of roots as a sink for water   in the soil.
 
    quoted from: Roots: The big movers of   water and chemical in soil. Clothier, BE; Green, SR. Soil Science. Vol. 162,   no. 8, pp. 534-543. Aug 1997. 
Color photo is from http://earthobservatory.nasa.gov/Laboratory/ICE/Images/panama_canopy.jpg Line drawing to left is Fig.113.--Root of sunflower where plants were spaced 8 inches apart. From
Line drawing to left is Fig.113.--Root of sunflower where plants were spaced 8 inches apart. From Root Development of Field Crops. Weaver, John. 1926 posted at 
http://www.soilandhealth.org/
Line drawing in middle of article is from 
How a Tree Grows, FS-32, 1970, USDA Forest Service
Key:
(A) Tap Root — Provides main support of tree and anchors it firmly in the ground. (Not all trees have one)
(B) Lateral Roots — Help support and anchor trunk, may extend far out, beyond crown spread.
(C) Fibrous Roots — Masses of fine feeding roots close to ground surface.
(D) Deeply Descending Roots (‘Sinkers’) — Grow downward from lateral roots
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