Easy access savings account <br>Issue 71

Interest paid Opening balance Gross rate AER
Annual £1 - £999 0.10% 0.10%
£1,000+ 4.85% 4.85%
Monthly £1 - £999 0.10% 0.10%
£1,000+ 4.75% 4.85%
Interest paid Annual Monthly
Opening balance £1 - £999 £1 - £999
Gross rate 0.10% 0.10%
AER 0.10% 0.10%
Interest paid Annual Monthly
Opening balance £1,000+ £1,000+
Gross rate 4.85% 4.75%
AER 4.85% 4.85%

Key Facts

Quick access to your funds
Apply online or in branch
Variable interest rate
Additional deposits allowed
Min opening deposit £1,000
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

Easy access account - issue 71

What is the interest rate?

Rates effective 12 June 2024:


Annual Interest gross p.a.*

Monthly Interest gross p.a.*


£1 - £999 0.10% 0.10% 0.10%
£1,000+ 4.85% 4.75% 4.85%

*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.

Where interest is payable, it is calculated daily and can be credited to the account or transferred to your nominated account. Monthly interest is calculated on the basis that each month last 30.416 days (365 days divided by 12 months)

Where payable, annual interest is paid on 5 April each year and monthly interest is paid on the last working day of each month.

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.

For full details of interest rate changes, please refer to Condition 28 of our General Savings Terms and Conditions.

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 £1,048.50 £1,048.50
£500 Deposit £500.50 £500.50

These projections are based on interest being credited to the account, no interest rate changes, 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 can be made by cash (only available in branch), cheque or bank transfer. We do not accept deposits by debit card into your account.

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

Can I withdraw money?

Withdrawals are permitted without notice or penalty.

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.

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. The interest earned on this account becomes taxable in the tax year the bond matures unless you have the interest paid away to your nominated account, in which case the interest becomes taxable in the same tax year it is paid away.

Please visit www.gov.uk 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.

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