Flexclusive regular saver

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lippy1923
lippy1923 Posts: 1,374 Forumite
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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 £61,000
Outstanding Mortgage £27,971
Emergency Fund £62,100
I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

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  • roddydogs
    roddydogs Posts: 7,478 Forumite
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    Yes,##,..................
  • badger09
    badger09 Posts: 11,211 Forumite
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    lippy1923 wrote: »
    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
    roddydogs wrote: »
    Yes,##,..................

    In case roddydogs' reply is not clear:cool: 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
    lippy1923 Posts: 1,374 Forumite
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    Thank you very much!
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

  • TheGardener
    TheGardener Posts: 3,303 Forumite
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    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
    YorkshireBoy Posts: 31,541 Forumite
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    lippy1923 wrote: »
    I cant seem to find the answer to this question online.
    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
    teddysmum Posts: 9,471 Forumite
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    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
    neurosurgeon Posts: 35 Forumite
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    What happens to the saver when it matures and what rate?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    neurosurgeon wrote: »
    what happens to the saver when it matures and what rate?
    #6
    click
    6..........
  • whitelightning
    whitelightning Posts: 54 Forumite
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    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
    ChaskhaChaia Posts: 33 Forumite
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    whitelightning wrote: »
    Hi all,

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

    Thanks.

    Yes, we have a joint FlexDirect account and two sole Flexclusive savers.
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