Excuse me for being thick, but what would be the best monthly savings plan?

[ali23]

Hi,
I'm pretty shit with money but want to start saving a set amount every month.
What I'm looking for is to put away, say, £20, every month but in a 10-year savings plan.
What would be the best way to do this?
Through a bank or a financial broker?
Not a clue about such matters so forgive my denseness.

[changemylife]

I would look at Martin Lewis site money saving expert for this. The rates change soo often that its mind boggling. I find his website a real godsend.

I did a good one with the Halifax last year recommended from him but I think the minimum was £50?

As interest rates are so low you could try premium bonds at the post office

HTH

[Vermdum]

Bonds - long term, no 'opt out' if you suddenly need the money, but 'safer' returns.

Speak to an advisor or two at your local bbanks/blding societies. Yes, rates are looking a bit painful, but the increaseing need to have cash on hand means these people are happier to talk about savings that they have been for a while.

[Nickoka]

If you are up for moving current accounts First direct will give you 8% interest for a year in their monthly plan (and also a £100 sweetener for moving your account to them),