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Interest paid Opening balance AER Gross rate
Annual £1,000 1.08% 1.08%
Monthly £1,000 1.08% 1.07%
Interest paid Annual Monthly
Opening balance £1,000 £1,000
AER 1.08% 1.08%
Gross rate 1.08% 1.07%

Key Facts

Fixed rate bond Fixed interest rate
180 days loss of interest for withdrawals Withdrawals and early closures subject to 180 days’ loss of interest
Monthly interest available Monthly or annual interest payments available
Minimum investment £1000 Minimum deposit £1,000
Apply online, by post or in branch Apply online
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

Exclusive Two Year Fixed Rate Bond – issue 01

What is the interest rate?

Rates effective 06 November 2020:


Annual Interest gross p.a.*

Monthly Interest gross p.a.*


£1,000+ 1.08% 1.07%

*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 nominated account.

Annual interest is paid on maturity. 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, the telephone number can be found on our Contact Us page.

What would the estimated balance be after 24 months based on a £1,000 deposit?

Projected balance

Annual interest

Monthly interest

£1,021.72 £1,021.72
This projection is based on interest being credited to the account, no withdrawals and no additional deposits. This projection is based on interest being credited to the account, 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 exclusive account is only available to Charter Savings Bank customers with a fixed term bond at the end of its fixed rate period and who have been invited to apply for this account.

Accounts may only be opened by UK residents or those who have a British Forces Post Offices (BFPO) address.

For online accounts you must be over 18 with an email address that’s not shared with anyone else.

This account can be opened and managed online ** except when an operator has been appointed (for example, an Attorney). When an operator has been appointed, accounts can only be opened and managed by post.

Minimum opening deposit

Maximum deposit

Minimum operating balance

£1,000 £1,000,000 £1

Once your application has been approved you will have 30 days to add funds to your account.

For online accounts, your account will be opened once we’ve received your first deposit.

For operator accounts managed by post, you’ll need to return your application form with a cheque. Once the application has been approved we will deposit the cheque and the account will be opened.

**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 deposited.

If you have registered to operate your account online, simply log in and request your withdrawal to your nominated account.

Alternatively, for operator accounts, please send us a signed withdrawal request to Head Office.

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 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 current or savings 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 Ts & Cs (summary box), Savings General Ts & CsOnline Ts & Cs (online customers only) 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, any deposits made 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