Please Help Savings Account

[EXPEDITE74]

Please Can someone help,

Sorry for being a newbie numbskull(lol)

I would like to Save £500.00 per month for 5 x years

Could someone please tell me What would be the best savings account to get

Fixed rate or ?????

And after 5 x years of saving this amount what would I earn with interest added on please??????

Again I apologise for being a numpty but I can't understand the terminology of the interest rates, AER etc etc it confuses me!!!!

Thanks

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[debbie42]

Recent relevant thread on basic terms etc.
http://forums.moneysavingexpert.com/showthread.html?t=766531

Have you used your ISA allowance? That's the obvious place to start, as the interest is tax free. As for whether to fix it or not then that's a market call. I have some savings fixed and others not. Regular savers can sometimes pay better rates, but it depends on the product.

Have a look at the threads on best cash isas and savings rates.