Creating an NTFS folder with read/write, but not "edit", permissions

If you start with "read, execute, write" basic permissions and take away "create folders/append data" you get a "drop folder" with read and "write new files only", but applications "save as" functions are unable to save files here. I can presume why... because it creates the file first then tries to rewrite it. Grant it, you can still drag'n'drop or copy/paste new files... but saving directly to this folder from a program fails. Is there a way to create such a folder that doesn't break the save-as function?