Nationwide UK - Definition of "Month"

Thanks. Although your second lodgement was within 30 days of the first, it was still in the next calendar month, so that may have made a difference.

I rang them today and they confirmed that my second lodgement should not be made until the 7th May.

I'm looking in to this account now and I am wondering if this has been cleared up. It appears from the poster above that if you lodge the max of 1k when opening the account, then you must wait 30 days before the second deposit.

MBags said:

I'm looking in to this account now and I am wondering if this has been cleared up. It appears from the poster above that if you lodge the max of 1k when opening the account, then you must wait 30 days before the second deposit.

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That appears to be the case. There has been so much confusion about this point I suggest you confirm that your understanding is correct with Nationwide UK (Ireland).

I got this message from NW today.

As you have stated, your first payment in to your account will be on the 27th January 2015. Assuming you are lodging the maximum 1k each month to your account then your next months due lodgement date is the 27th February 2015. Lodgements should continue in to your account on the 27th of each month for the full 15 month fixed regular saver term.

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This is the most complicated savings account I have ever seen. From the reply you got I do not know are you meant to lodge the 2nd payment any day before 27th Feb or when. It looks like rules may have changed on this account a while ago. Its best to ring them up I think. This account was very unclear from the start.

I had two of these accounts on the go (self & husband) which matured late last year with exactly the amount of interest I expected. I had not stuck to any rigid schedule.
I made a phonecall at one point and was told as long as there was one deposit a calendar month that would be fine. As it was. I don't think you have to stress about the definition of a month.

Gervan said:

as there was one deposit a calendar month that would be fine

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Which contradicts what they have told others, some people were told that it must be on a fixed date and some others that there is 30 day windows for each payment and some others told other things.

In a nutshell, I don't think Nationwide UK (Ireland) stick to any fixed rules and, as you indicated, they are reasonably flexible when calculating your eligibility to the interest.

TomOC said:

Its best to ring them up I think.

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I prefer to pm them and get it in writing, you could be told anything over the phone.
Shame they cant put it up on their front page along with their sales pitch and avoid all this confusion.