1. Navigate to Lists > Search > Saved Searches > Edit Search.
2. Under the Email tab, go to the Schedule subtab. Notice that by default, the setting is set as Daily Event.
3. Change the Schedule from Daily to Monthly.
4. Hit Save.
5. Pull up the same Search and navigate back to the Schedule subtab. Notice that the Schedule is back to Daily Event.
The solution to this is to make sure to set Send Emails according to Schedule = T. Although the modification is being allowed, the actual change is not being saved if the setting is not enabled. This is the reason why the Schedule reverts to Daily.
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