Proof of identity and address verified electronically in the first instance.
You
cannot add to your bond during its term,
but you can open additional bonds subject
to availability.
You
cannot make partial withdrawals from
your bond. In exceptional circumstances
the bond may be closed before maturity
subject to a charge equal to 100 days
loss of interest.
Interest will be payable on 5 April
and on maturity, unless you have selected
to have your interest paid monthly.
This
bond can only be opened directly at
our Head Office. To request an application
form call 08451 22 00 22* or it can
be downloaded from this website.
Minimum Investment £100
Gross
Rate % p.a.
Net
Rate % p.a.
AER
%
£100
and over
6.00
4.80
6.00
Rate of
monthly interest
5.85
4.68
6.00
With effect from 25 March 2008 the
above interest rates will apply
Annual Equivalent
Rate or AER illustrates
what the interest rate would be if
the interest was paid and added each
year. Please note that every advertisement
for a savings product which quotes
an interest rate will contain an AER
allowing you to compare at a glance
what return you can expect from your
savings over time.
AER - interest which
is paid annually on 5 April is the
same as the appropriate gross rate
or tax free rate. For accounts where
the interest is paid monthly the AER
is shown.
Gross rate is the
rate of interest before deduction
of income tax.
Net rate is the rate
after deduction of income tax which
is currently 20%. Subject to the required
certification non tax payers will
be able to receive any interest at
a gross rate.
*Calls to 08451 numbers from BT landlines
will cost no more than 5p per minute, the price
of calls from other telephone companies may
vary. For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.
