Interest paid Opening balance AER Gross rate
Annual £1,000 0.85% 0.85%
Monthly £1,000 0.85% 0.85%
Interest paid Annual Monthly
Opening balance £1,000 £1,000
AER 0.85% 0.85%
Gross rate 0.85% 0.85%

Key Facts

Variable interest rate Variable interest rate
180 days loss of interest for withdrawals Withdrawals and early closures subject to 180 days’ loss of interest
Monthly or annual interest Monthly or annual interest payments available
Minimum investment £!000 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

Product summary

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 tracker bond – issue 7

What is the interest rate?

Rates effective 01 April 2020:


Annual Interest gross p.a.*

Monthly Interest gross p.a.*


£1,000+ 0.85% 0.85% 0.85%

*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.

Tracks at a fixed rate of 0.75% above the Bank of England base rate (BOEBR) throughout the term of the bond. To see the current and historical Bank of England base rate please go to

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 last interest payment will be made on the maturity date.

Can Kent Reliance change the interest rate?

Any rate change will take place on the first of the following month after a Bank of England rate change announcement. 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?

Deposit Amount

Annual interest projected balance

Monthly interest projected balance

£1,000 Deposit £1,017.07 £1,017.07

These projections are based on an opening date of 1 April 2020, no interest rate changes and interest being credited to the account, no withdrawals and no additional deposits.

These projections are based on the Bank of England base rate as at 1 April 2020 and assume no changes to this rate throughout the term. The BOEBR may fluctuate over the period that the projections cover.

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

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 closures are permitted 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 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.

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 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 you have read the 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

Just pop into your nearest branch with two official forms of ID… and leave the rest to us!

Branch finder

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