Savings Advice

Stuckinarut

I have just started a DMP but I wanted to set up some kind of savings so that when i'm coming to the end of my DMP I will maybe have enough money to clear it off in a quicker time. I at the moment I have about £30 a month I can put away, I would like to put it somewhere that I need to leave it for say 5 years. Any advise on the best place to save it. I don't have any lump sum that I can put in.

Thanks

chardir

Assuming you're a tax-payer an ISA would give the best savings returns. Bradford & Bingley have a 1-year fixed rate ISA at 6.25%, http://www.bradford-bingley.co.uk/savings/product/one-year-fixed-rate-eISA-issue4.asp, after which you'd need to transfer to a new best buy.

EDIT: Ignore me, you can't pay £30 a month into that account! Look for one of the best buy instant access ISAs.