Regular savings account
Interest paid Opening balance AER Gross rate
Annual £25 3.00% 3.00%
Interest paid Annual
Opening balance £25
AER 3.00%
Gross rate 3.00%

Key facts

Branch only final Branch-only account
test rate final Fixed term, variable rate
earlywithdrawals final Unlimited withdrawals
deposit Deposit up to £500 each month
min opening final Minimum opening deposit £25
all ages final No minimum age
cheque final Deposit by cheque, standing order or bank transfer
key-facts-icon7 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

One year regular savings account - issue 3

What is the interest rate?

Rates effective 24 January 2017:

Annual Interest gross p.a.*

3.00% (£25+)


3.00% (£25+)

*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 will be added to the account at the end of the term.

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 regular £500 monthly deposit?

Annual Interest - Project Balance


This projection is based on 12 x £500 deposits paid in on the first day of each month for 12 months with no interest rate changes and no withdrawals made.

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?

The account can only be opened and operated in branch.

Maximum one account per person.

Minimum opening and operating deposit £25.

Maximum opening deposit and subsequent deposits per calendar month £500.

Minimum monthly deposit £1.

Maximum deposit £6,000.

Additional deposits can be made by cash (only available at our branches), cheque, bank transfer or standing order.

Note: If the maximum deposit limit is breached or regular monthly deposits are not made to the account, Kent Reliance reserves the right to transfer the account to our Easy access savings account.

Can I withdraw money?

Withdrawals are permitted without notice or penalty

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.

At the end of the 12 months your account will automatically transfer to our Easy access savings account. We will write to you 14 days before the end of the term to confirm this. Once your account has been transferred to the new account we will write to advise you of your new account number and revised Terms and Conditions.

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.

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