One year fixed rate bond <br>Issue 142

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:


Annual Interest gross p.a.*

Monthly Interest gross p.a.*


£1,000+ 4.95% 4.84% 4.95%

*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?

Deposit Amount

Annual interest projected balance

Monthly interest projected balance

£1,000 Deposit £1,049.50 £1,049.50

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.

Minimum opening deposit

Maximum deposit

Minimum operating balance

£1,000 £1,000,000 £1

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 for further information.

Before you apply

Before you apply for an account, please make sure you have read the product specific T&C's, general T&C's and the FSCS information in full. Please also save or print copies of these documents for future reference.

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


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

Apply now

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 products