Two year fixed rate bond
Interest paid Opening balance AER Gross rate
Annual £1,000 1.10% 1.10%
Monthly £1,000 1.10% 1.09%
Interest paid Annual Monthly
Opening balance £1,000 £1,000
AER 1.10% 1.10%
Gross rate 1.10% 1.09%

Key facts

Fixed rate bond Fixed rate
2 year bond 2 year bond
180 days loss of interest for withdrawals Withdrawals subject to 180 days’ loss of interest
Monthly interest available Monthly or annual interest payments available
No minimum age No minimum age
Minimum investment £1000 Minimum investment £1,000
Apply online, by post or in branch Apply online, by post or in branch
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

2 year fixed rate bond – issue 39

What is the interest rate?

Rates effective 1 December 2016:

Annual Interest gross p.a.*


Monthly Interest gross p.a.*




*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. 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 24 months based on a £1,000 deposit?

£1,000 Deposit

Monthly interest projected balance: £1,022.12

Annual interest projected balance: £1,022.12

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.

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 are not permitted.

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

Can I withdraw money?

Withdrawals and closures are permitted subject to 180 days’ loss of interest on the amount withdrawn. If you withdraw or close the account in the first 180 days, you may get back less than you originally invested.

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 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 bond 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 other similar terms and conditions.

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 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 an application form.

14 day cooling off period

You will have 14 days from the date the account is opened to reconsider your choice. If you change your mind within this cooling-off period, your initial deposit will be returned without any interest or penalty. If you have paid by debit card into the account, we can’t return the funds until the debit card payment(s) has/have cleared. Please allow three full working days. If you have paid any cheques into the account, we can’t return the funds until the cheques have cleared. Please allow six clear working days.

How to apply


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

Download form

In branch

Download and complete an application form and bring it to one 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