Two year fixed rate cash ISA - Issue 85
4.38% AER**
Key facts
Fixed-rate, tax free savings
Top up anytime within ISA limits
Withdrawals and early closures subject to 180 days loss of interest
Monthly and annual interest payments available
Min opening deposit £1,000
Your money is protected up to £85,000
Product Summary
Account Name
Cash ISA 2 year fixed rate - issue 85
What is the interest rate?
Rates effective 06 December 2024:
Tier
£1,000+
Annual Interest gross p.a.*
4.38%
Monthly Interest gross p.a.*
4.29%
AER*
4.38%
Where interest is payable, it is calculated daily and can be credited to the account or transferred to your nominated account. Monthly interest is calculated on the basis that each month last 30.416 days (365 days divided by 12 months).
Where payable, annual interest is paid on 5 April each year. 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 page can be found on our interest rates page, in branch or by calling our head office.
What would the estimated balance be after 24 months based on a £1,000 deposit?
Deposit Amount
£1,000 Deposit
Annual interest projected balance
£1,089.52
Monthly interest projected balance
£1,089.52
These projections are based on an opening date of 6 April, interest being credited to the account, no withdrawals or additional deposits.
The above projections are provided for illustrative purposes only and do not take into account individual circumstances.
Before you apply
Before you apply for an account, please make sure you have read the product specific Ts & Cs, general Ts & Cs, online Ts & Cs and the FSCS information. Please also save or print copies of these documents for future reference.
Two year fixed rate cash ISA Terms and Conditions
735KB
Savings General Terms and Conditions
735KB
Online Terms and Conditions
735KB
The FSCS Information
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Kent Reliance runs a £1,000 monthly prize draw for individual customers who are over 18 and have a savings account with a balance of £100 or more. If the account is a joint account, then the first named account holder will be entered. There will usually be one entry per person. Eligible customers will be automatically entered into the draw. Winners will be contacted directly. If you’d prefer not to be part of the draw, please let us know by emailing prizedraw@osb.co.uk and we’ll remove your details. Please see the full prize draw terms and conditions, and exclusions, here and on our website.
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.
How to apply
Apply online
Complete and submit your application online. Please ensure you have read the terms and conditions before you apply.
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).
*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.
Account Management
Account Name
Cash ISA 2 year fixed rate - issue 85
How do I open and manage my account?
This account can be opened and operated online** or in branch.
Minimum opening deposit
£1,000
Maximum deposit
£1,000,000
Minimum operating balance
£1
Additional deposits can be made subject to HM Revenue & Customs (HMRC) limits. The maximum you can subscribe to a cash ISA in the current 2024/25 tax year is £20,000.
Additional deposits can be made by cash (only available at our branches), cheque or bank transfer. We do not accept deposits by debit card into your account.
Transfer of additional ISA funds from other providers are permitted however this request must be received within 30 days of your account being opened. The time required to complete your transfer to Kent Reliance will be determined by your current provider.
**Subject to eligibility. Please refer to our Online services terms and conditions.
Can I withdraw money?
Transfers out, withdrawals and closures are permitted subject to 180 days’ loss of interest on the amount withdrawn. If you transfer out withdraw or close the account in the first 180 days, you may get back less than you originally invested.
Any funds withdrawn from the account cannot be subsequently replaced in the same tax year.
If you have registered to operate your account online, simply log in and request your withdrawal to your nominated account†.
If you hold a branch account, take your passbook and a form of ID to your local branch and a member of our team will action your request.
There are different payment cut-off times depending on the method of withdrawal you require. For further details please visit our withdrawals page or call our Head Office.
We will write to you 14 days prior to the maturity of your ISA notifying you of your options available at the end of the term. If we do not receive your maturity instructions, your funds will be automatically transferred to another product from our current range of available products, which has a term that is closest in length to the product that is maturing and similar terms and conditions.
†Your nominated account must be a UK Bank/Building Society current account held in your name.
Additional information
You may split your current tax year ISA allowance between multiple Kent Reliance ISA products.
If you choose to open multiple Kent Reliance products in the same tax year, these will be treated as a single ISA under HMRC regulations. Under HMRC regulations and where a provider allows, you are permitted to subscribe with multiple cash ISA providers within the same tax year. Currently, you are unable to subscribe with Kent Reliance if you have already subscribed with another provider, unless you are transferring all current year funds to us.
How to apply
Apply online
Complete and submit your application online. Please ensure you have read the terms and conditions before you apply.
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).