Nationwide Flex Regular Online Saver

eskbanker

AirlieBird wrote: »

It doesn't actually. In English common law 'calendar month' means from a given date to the same date the following month. In English law it is a term that came about to distinguish 'month' from meaning lunar months.

OK, fair enough, if that's the case then I stand corrected on the point of law.

However, I'd add a couple of comments:

Is there then a specific term in law for the period from the first of a month to the last?

And in the context of the term being quoted in Ts & Cs like this, I'd argue that the 'first to last' definition is clearly the one that applies unless there's a statement along the lines of 'calendar month means the period of a month from the day in the month on which the account was opened' (such as how Santander define their 'account months'), as reference to calendar months without any indication of when such periods start is essentially meaningless! So when Nationwide say that 'month' means 'calendar month', that must be interpreting 'calendar month' to be 'first to last', otherwise that definition is redundant....

JmeS

binaryuniverse wrote: »

I can be your source, if you like.

I opened a Regular Saver at the end of January (about 27th). Immediately deposited £250.
On Feb 1st, I deposited a further £250. Absolutely no problems.

That says 1st month to end is the calendar month.

This is what I do. Set it up as close to the end of the month as I can then on the 1st add another payment.

Gain the maximum amount of interest I can.

I wish they'd go back to £500 a month.

binaryuniverse

JmeS wrote: »

I wish they'd go back to £500 a month.

It would be nice. However, since I am also maxing out the First Direct and M&S RS, that still gives me £800pm at 5%.