Virgin regular saver - missed month

Yorkie1

Hi All

Just wanting to check if my understanding of the T&Cs is correct.

I opened the account in September and paid in the max for that month (£250).
I wasn't well organised in October, and didn't make a payment in that month.
Made a payment of £250 earlier today (November).

The T&Cs say:

• You can pay in up to the maximum of £250 every calendar month and earn interest on this. If you save more than the maximum £250 limit each calendar month, we will accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit
• There is no minimum monthly limit to pay in and you don’t have to pay into the account each calendar month
• You can pay in up to the maximum of £250 every calendar month and earn interest on this. 
• As the maximum balance you can earn interest on increases each month by £250, if you don’t manage to save your full £250 in any month, you can pay more in the next or future months. 
• If you save more than the maximum £250 limit each calendar month, we will accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit. This does not include any interest that will be added direct to your account.

I think this means I can add another £250 this month, to count for the missed October payment, and still get interest on it from the date of deposit? The maximum cumulative monthly amount would be £750?

El_Torro

Yes, I interpret it the same way as you. 

Of course you'll still be worse off than if you had put £250 in on the 1st of October. It's a lot more flexible than some Regular Savers though.

Yorkie1

Thanks @El_Torro