Our ratesTerms and conditions
| Interest paid | Opening balance | Gross rate | AER |
|---|---|---|---|
| Annual | £1,000 | 4.95% | 4.95% |
| Monthly | £1,000 | 4.84% | 4.95% |
| Interest paid | Annual | Monthly |
|---|---|---|
| Opening balance | £1,000 | £1,000 |
| Gross rate | 4.95% | 4.84% |
| AER | 4.95% | 4.95% |
Key Facts
Fixed interest rate
Withdrawals and early closures are not permitted during the account term
Monthly or annual interest payments available
Minimum investment £1,000
Apply online or in branch
Your money is protected up to £85,000
Product summary
The summary box contains the specific terms and conditions for this account and where applicable, supersede our Savings General and Online Terms and Conditions.
Account name |
1 year fixed rate bond – issue 142 |
||||||||
What is the interest rate? |
Rates effective 10 April 2024:
*Gross p.a. is the rate of interest paid without the deduction of tax per annum. Please note that the automatic deduction of tax on savings interest ceased with effect from 6 April 2016. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time. Where interest is payable, interest is calculated daily and can be credited to the account or transferred to your nominated account. Where annual interest is payable, annual interest is paid on maturity. Where payable, monthly interest is paid on the last working day of each month. Where payable, the final interest payment will be made on the maturity date. |
||||||||
Can Kent Reliance change the interest rate? |
The interest rate on this account is fixed and cannot be changed throughout the account term. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office. |
||||||||
What would the estimated balance be after 12 months based on a £1,000 deposit? |
These projections are based on interest being credited to the account at maturity, no withdrawals and no additional deposits. The above projections are provided for illustrative purposes only and do not take into account individual circumstances. |
||||||||
How do I open and manage my account? |
This account can be opened and operated online** or in branch.
Additional deposits are not permitted. **Subject to eligibility. Please refer to our Online services terms and conditions. |
||||||||
Can I withdraw money? |
Withdrawals and early closures are not permitted during the account term. We will write to you 14 days prior to the maturity of your bond notifying you of your options available at the end of the account term. You can either choose to withdraw your funds into your nominated account† or transfer them into a new or existing Kent Reliance account in your name (subject to meeting any specific terms and conditions for that account). If we do not receive your maturity instructions, your funds will be automatically transferred to another product from our range of available products, which has a term that is closest in length to the product that is maturing and other similar specific terms and conditions. †Your nominated account must be a UK Bank/Building Society current account held in your name. |
||||||||
Additional information |
We pay interest without deducting income tax, unless HM Revenue and Customs (HMRC)/the law requires otherwise. However, depending on your personal circumstances, you may be liable to pay income tax on the interest you have earned. Please visit www.gov.uk for further information. |
Before you apply
14 day cooling off period
You will have 14 calendar days from the date the account is opened to close your account. If you cancel within this cooling-off period, we will return the money in your account, less any pending payments, plus interest earned (if payable), and without charges applied. For any cheques paid into the account, we can’t return the funds until they’ve been cleared which takes up to six working days.
We understand that things can change unexpectedly and so, if you have an account that doesn’t allow access and you require your savings earlier than your notice period allows or before your maturity date, you can call us to discuss this. We may ask you to help us understand your change in circumstance which may include a request for supporting documentation. Any decision that is made, is at our discretion.
How to apply
Online
Complete and submit your application online. Please ensure you have read the terms and conditions before you apply.
In branch
Book an appointment to visit us in branch by calling 0345 122 0022. You can visit us without an appointment, but there may be a wait during busy periods (please bring two forms of ID).
Other ways to help you save
Our range of savings accounts provides options to suit a variety of savers from online savings accounts to branch-only; short-term to long-term; notice accounts to regular saver accounts.
View all savings productsProducts
Help & Support
Useful Links
Get in touch
© OSB Group PLC 2024
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.
krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. Registered in England and Wales (company number 7312896). Registered office: Reliance House, Sun Pier, Chatham, Kent, ME4 4ET. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504). We subscribe to the Financial Services Compensation Scheme and the Financial Ombudsman Service. Visit the MoneyHelper