8% Nationwide Regular Saver - 13 payments?

kuepper

As this is for 12 months and you can pay in £200pcm, if I pay in £200 now( Sept 27th) and again on Oct 1st  could I actually make 13 payments and make a 13th payment eg on Sep 1st 2024?

Ayr_Rage

NO, it's one payment per calendar month for 12 months.

francoghezzi

Yes, it is 13 payments

TheMilkmansDad

well i opened my account last year mid month and deposited accordingly. set up a SO for 1st of each month. so I made 13 payments. no issues.

have done the same this year.

flaneurs_lobster

Could we not just leave this argument/discussion until next September when everyone will try to make a 13th payment and it will either work or not?

refluxer

kuepper said:

As this is for 12 months and you can pay in £200pcm, if I pay in £200 now( Sept 27th) and again on Oct 1st  could I actually make 13 payments and make a 13th payment eg on Sep 1st 2024?

Yes, you can do this. There is no maximum balance for this account and you're not restricted to 12 payments - the only restriction is that you don't pay in more than £200 each calendar month, so £200 now and £200 in October is fine.

subjecttocontract

That 13th payment could be worth anything up to a maximum of £4.50
Don't spend it all at once.

JGB1955

My 13th payment will earn in the region of 92p for the 21 days it will be in my account.  Look after the pennies ......

pfpf

crikey, i did open a can of worms asking that question on the RS thread didn't i? 

pfpf

kuepper said:

As this is for 12 months and you can pay in £200pcm, if I pay in £200 now( Sept 27th) and again on Oct 1st  could I actually make 13 payments and make a 13th payment eg on Sep 1st 2024?

this is what i have done (today also). give or take it will be worth about £16.00 but there is a long discussion/argument i have just caught up on on the RS thread - sorry guys. 

Section62

Ayr_Rage said:

NO, it's one payment per calendar month for 12 months.

September 2023 is a calendar month.

September 2024 is also a calendar month.

Hence 13 deposits of £200 could be made.

Nothing in the account T&C's prohibits a 13th payment.

In fact there is no stated limit at all on the number of individual payments - the restriction is on the amount you can increase the account balance by in each calendar month.