£50 per month with 2% per year interest would get about £25000 in 30 years. With 3% interest, it would get £30000. Remember though that £30000 wont buy the same in 30 years as it would buy today (maybe a new family car?). Personally I would be willing to take a risk on shares. If you could average 10% growth each year, then the total would be over £100000.

I am with maxstream on this.

Interest rates are rubbish, but at least with an ISA you will not have to pay tax on the (small) annual profit.

Be aware that £50 a month is only £600 a year, and that will hardly make any impact on your pension.

Unfortunately you will need to balance safety and the interest rate in a way that suits you. You should consider a pension plan that invests in government bonds or, if you wanted to accept some risk, in larger UK companies.

If you've not used your ISA allowances, you should look at those before other options.

Hi,

I want to open a long term savings account to pay into each month (approx £50) to top up my private pension. I wont be retiring for some years yet (about 25) so I really just want something safe with the best interest rate I can find. I'm flexible about the length of a fixed term as at the end of one term, I'll start another. Also, I dont have a huge sum to open the account with.

Any advice? thanks in advance.