Easy access savings account
Interest paid Opening balance AER Gross rate
Annual £1 - £999 0.10% 0.10%
£1,000 0.80% 0.80%
Monthly £1 - £999 0.10% 0.10%
£1,000 0.80% 0.80%
Interest paid Annual Monthly
Opening balance £1 - £999 £1 - £999
AER 0.10% 0.10%
Gross rate 0.10% 0.10%
Interest paid Annual Monthly
Opening balance £1,000 £1,000
AER 0.80% 0.80%
Gross rate 0.80% 0.80%

Key facts

Quick access to your cashQuick access to your cash
Access online or by postAccess online, by post or in branch
Variable rateVariable interest rate
Additional deposits allowedAdditional deposits allowed
Min opening deposit £1,000Min opening deposit £1,000
Min operating balance £1 Min operating balance £1.00
Open to all ages Open to all ages
Monthly interest available Monthly interest available

Summary box


This summary box contains the specific terms and conditions for this account and, where applicable, supersedes our Savings general terms and conditions.

Account name

Easy access savings account - issue 17

What is the interest rate?

Rates effective 11 November 2016:

Annual Interest gross p.a.*

0.80% (£1,000+)

0.10% (£1-£999)

Monthly Interest gross p.a.*

0.80% (£1,000+)

0.10% (£1-£999)

AER*

0.80% (£1,000)

0.10% (£1-£999)

*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.

Interest is calculated daily and can be credited to the account or transferred to your elected account.

Annual interest is paid on 5 April each year. Monthly interest is paid on the last working day of each month.

Can Kent Reliance change the interest rate?

The interest rate on this account is variable and can change at any time. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office.

If your account balance is £100 or over, when we make a rate reduction we will personally notify you of the change at least 14 days in advance of the change taking effect.

Please refer to Condition 7 of our Savings General Terms and Conditions for full details on interest rate changes.

What would the estimated balance be after 12 months based on a £1,000 deposit?

£1,000 Deposit

Monthly interest projected balance: £1,008.00

Annual interest projected balance: £1,008.00

£500 Deposit

Monthly interest projected balance: £500.50

Annual interest projected balance: £500.50

These projections are based on interest being credited to the account, no interest rate changes, 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 by post, online or in branch.

Minimum opening deposit £1,000.

Maximum deposit £1,000,000.

Minimum operating balance £1.

Additional deposits can be made by cash (only available at our branches), cheque or bank transfer. If you have registered to operate your account online**, you can also add funds using your debit card.

**Subject to eligibility. Please refer to our Online services terms and conditions.

Can I withdraw money?

Withdrawals are permitted without notice or penalty.

For postal accounts, send us a signed withdrawal request to Head Office. Alternatively, 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 they will action your request.

There are different payment cut-off times depending on the method of withdrawal you require. For further details please see our withdrawals page or call our Head Office.

Your nominated account must be a UK Bank/Building Society 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.

Good to know

Terms and conditions Where applicable, the account terms and conditions on this webpage supersede our Savings Terms and Conditions.
Application formDownload the application form for this savings account.

How to apply

Online

Complete and submit your application online. Please ensure that you have read the summary box and terms and conditions before you apply.

Apply now

By post

Complete the application form and send it to:
Kent Reliance
PO Box 601
Chatham
ME4 9DX

Download form

In branch

Download and complete an application form and bring it to any of our branches, together with two official forms of ID.

Branch finder

Not the right fit?

Personal Savings Allowance

The Personal Savings Allowance means that most people will no longer pay tax on their savings. Basic-rate taxpayers can earn up to £1,000 on their interest tax-free; £500 for higher rate taxpayers.

Find out more
Personal Savings Allowance