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  • FIRST POST
    • lippy1923
    • By lippy1923 11th Jun 17, 11:15 AM
    • 1,204Posts
    • 3,352Thanks
    lippy1923
    Flexclusive regular saver
    • #1
    • 11th Jun 17, 11:15 AM
    Flexclusive regular saver 11th Jun 17 at 11:15 AM
    Morning All,

    I cant seem to find the answer to this question online.
    I opened the flexclusive regular saver online on 30th May with £500. Can I pay in another £500 now? Is it per calendar month? Or do I need to wait until 30th June for my next £500?


    TIA
    Total Mortgage OP £17,500
    House Value £240,000 Mortgage £95,156
    Emergency Fund £23,300

Page 1
    • roddydogs
    • By roddydogs 11th Jun 17, 11:31 AM
    • 5,853 Posts
    • 2,425 Thanks
    roddydogs
    • #2
    • 11th Jun 17, 11:31 AM
    • #2
    • 11th Jun 17, 11:31 AM
    Yes,##,..................
    • badger09
    • By badger09 11th Jun 17, 11:34 AM
    • 4,978 Posts
    • 4,176 Thanks
    badger09
    • #3
    • 11th Jun 17, 11:34 AM
    • #3
    • 11th Jun 17, 11:34 AM
    Morning All,

    I cant seem to find the answer to this question online.
    I opened the flexclusive regular saver online on 30th May with £500. Can I pay in another £500 now? Is it per calendar month? Or do I need to wait until 30th June for my next £500?


    TIA
    Originally posted by lippy1923
    Yes,##,..................
    Originally posted by roddydogs
    In case roddydogs' reply is not clear you can pay in your second payment now, you don't have to wait.

    You could make subsequent payments on 1st from July onwards
    • lippy1923
    • By lippy1923 11th Jun 17, 11:47 AM
    • 1,204 Posts
    • 3,352 Thanks
    lippy1923
    • #4
    • 11th Jun 17, 11:47 AM
    • #4
    • 11th Jun 17, 11:47 AM
    Thank you very much!
    Total Mortgage OP £17,500
    House Value £240,000 Mortgage £95,156
    Emergency Fund £23,300

    • TheGardener
    • By TheGardener 11th Jun 17, 2:34 PM
    • 1,975 Posts
    • 1,869 Thanks
    TheGardener
    • #5
    • 11th Jun 17, 2:34 PM
    • #5
    • 11th Jun 17, 2:34 PM
    I've found with mine that if I make an electronic payment that exceeds the £500 per month limit - the account doesn't accept the payment. Least I think that's what happens - I paid in a sum that took me over the 'limit' by about £25 - the money bounced back - I sent a smaller amount and it went though.
    • YorkshireBoy
    • By YorkshireBoy 11th Jun 17, 3:02 PM
    • 29,144 Posts
    • 16,948 Thanks
    YorkshireBoy
    • #6
    • 11th Jun 17, 3:02 PM
    • #6
    • 11th Jun 17, 3:02 PM
    I cant seem to find the answer to this question online.
    Originally posted by lippy1923
    The Regular Saver T&Cs say...
    9. Money can be paid into your account at any time but the increase in your balance cannot exceed £500 at any time during a month.
    They then go on to say...
    These terms and conditions set out important information about the Flexclusive Regular Saver account. They are in addition to our Savings General terms and conditions which also apply.
    If you then look at those 'General' T&Cs, you'll see they define 'month'...
    General

    Meaning of Words and Expressions

    1. In these conditions the following words and expressions have the following meanings:

    ...<snip>...

    (iii) ‘Month’ means a calendar month.
    • teddysmum
    • By teddysmum 11th Jun 17, 6:54 PM
    • 7,790 Posts
    • 4,614 Thanks
    teddysmum
    • #7
    • 11th Jun 17, 6:54 PM
    • #7
    • 11th Jun 17, 6:54 PM
    I opened at the end of a month, then added another £500 on the 1st of the next. Unlike other regular savers you can deposit what and when you please , provided that the total per calendar month is not over £500.
    • neurosurgeon
    • By neurosurgeon 12th Jun 17, 10:51 PM
    • 8 Posts
    • 0 Thanks
    neurosurgeon
    • #8
    • 12th Jun 17, 10:51 PM
    • #8
    • 12th Jun 17, 10:51 PM
    What happens to the saver when it matures and what rate?
    • YorkshireBoy
    • By YorkshireBoy 12th Jun 17, 10:58 PM
    • 29,144 Posts
    • 16,948 Thanks
    YorkshireBoy
    • #9
    • 12th Jun 17, 10:58 PM
    • #9
    • 12th Jun 17, 10:58 PM
    what happens to the saver when it matures and what rate?
    Originally posted by neurosurgeon
    #6
    click
    6..........
    • whitelightning
    • By whitelightning 14th Jun 17, 12:27 PM
    • 54 Posts
    • 8 Thanks
    whitelightning
    Hi all,

    Got a question on opening Flexclusive regular savers. We have a joint FlexDirect Account - can we open 2x sole Flexclusive savers?

    Thanks.
    • ChaskhaChaia
    • By ChaskhaChaia 14th Jun 17, 12:29 PM
    • 11 Posts
    • 7 Thanks
    ChaskhaChaia
    Hi all,

    Got a question on opening Flexclusive regular savers. We have a joint FlexDirect Account - can we open 2x sole Flexclusive savers?

    Thanks.
    Originally posted by whitelightning
    Yes, we have a joint FlexDirect account and two sole Flexclusive savers.
    • whitelightning
    • By whitelightning 14th Jun 17, 12:32 PM
    • 54 Posts
    • 8 Thanks
    whitelightning
    Yes, we have a joint FlexDirect account and two sole Flexclusive savers.
    Originally posted by ChaskhaChaia
    Brilliant, thanks.

    So as long as we have a joint FlexDirect account, we can continue to open new Flexclusives when they mature, assuming stays at 5%.

    The plan is to keep the FlexDirect when the 5% ends, stay on 1% (just to get Flexclusive) and then come another 12 months time ask NW to reinstate the 5% or whatever the higher rate will be in the future.
    Last edited by whitelightning; 14-06-2017 at 12:33 PM. Reason: typo
    • YorkshireBoy
    • By YorkshireBoy 14th Jun 17, 5:01 PM
    • 29,144 Posts
    • 16,948 Thanks
    YorkshireBoy
    So as long as we have a joint FlexDirect account, we can continue to open new Flexclusives when they mature, assuming stays at 5%.
    Originally posted by whitelightning
    Aren't there a couple of hoops to jump through when applying for sole reg saver accounts when you only have a joint current account? From memory a joint reg saver is opened by default? Might be wise to check this out before proceeding.
    The plan is to keep the FlexDirect when the 5% ends, stay on 1% (just to get Flexclusive) and then come another 12 months time ask NW to reinstate the 5% or whatever the higher rate will be in the future.
    Just because it worked previously it doesn't follow that it'll work going forward. Personally, I intend to close/downgrade when my current 5% rate ends.
    • badger09
    • By badger09 14th Jun 17, 5:12 PM
    • 4,978 Posts
    • 4,176 Thanks
    badger09
    badger's awesome memory to the rescue
    http://forums.moneysavingexpert.com/showthread.php?t=5642599
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