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Lloyds Monthly Saver Depositing Question

Hi,

I opened up a Lloyds Monthly Saver on the 25th Feb and transferred £250 into it on the 28th Feb. Will this count as my March contribution or should I deposit another £250 by the 25th of March?

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It's only the on going SOs that have to be in by the 25th, not the initial transfer. You could/should have made the March deposit on the 1st.
  • sully1311
    sully1311 Posts: 385 Forumite
    Part of the Furniture 100 Posts Name Dropper
    It's only the on going SOs that have to be in by the 25th, not the initial transfer. You could/should have made the March deposit on the 1st.

    So make set up the standing order for ASAP then?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    sully1311 wrote: »
    So make set up the standing order for ASAP then?
    Make the second deposit now, and set up the SO to start from 1/4/18 would be my suggestion. Last payment on 1/2/19, meaning you've optimised it well with 13 payments.
  • sully1311
    sully1311 Posts: 385 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Done. Thanks for the advice.
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