Kent Spitfires savings account
Interest paid Opening balance AER Gross rate
Annual £10 0.25% 0.25%
Interest paid Annual
Opening balance £10
AER 0.25%
Gross rate 0.25%

Key facts

Provides financial support to KCCC Provides financial support to KCCC
KCCC joining fee waved KCCC will waive the £10 joining fee if you are not currently a member of the club
Easy access to your cash Easy access to your cash
Additional deposits allowed Additional deposits allowed
Withdrawals allowed Withdrawals allowed
No minimum age No minimum age
Minimum opening deposit £10 Minimum opening deposit £10
Your money is protected Your money is protected up to £85,000

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

Kent Spitfires savings account

What is the interest rate?

Rates effective 11 November 2016:

Annual Interest gross p.a.*

0.25% (£10+)

AER*

0.25% (£10+)

*Gross p.a. is the rate of interest paid without the deduction of tax per annum. 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.

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 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

Annual interest projected balance: £1,002.50

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 or in branch.

Minimum opening deposit £10.

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.

Can I withdraw money?

Withdrawals are permitted without notice or penalty.

For postal accounts, send us a signed withdrawal request to Head Office.

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 visit our withdrawals page or call our Head Office.

Additional information

We pay interest without deducting income tax, unless 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.

We will donate the equivalent of 1% of the average monthly balances in the account to Kent County Cricket Club each year.

Good to know

Terms and conditions Where applicable, the account terms and conditions on this webpage supersede our Savings Terms and Conditions.

How to apply

In branch

You can apply in any of our branches. Please bring two official forms of ID with you.

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