A
simple and flexible savings account
with a higher rate of interest than
our easy access account - a better
return for savers who can give 90
days notice before taking money out
"earn up to 3.95%
gross" (variable)
With
effect from 1 March 2008
Important: This account can only be opened and operated through our branch and agency network or Head Office.
Tiered interest rate structure - the more you save, the higher the rate of interest you'll earn.
Proof of identity
and address verified electronically
in the first instance.
Add to your savings as and when you like.
Take money out of your account after giving 90 days notice* - or take out with no notice but lose 90 days interest on the amount withdrawn. Up to £500 cash, £50,000 by cheque from any branch (lower limits may apply at our agencies) or by post to our Head Office.
Interest is added to the account annually on April 5 or can be transferred to your bank account. Alternatively, interest can be added monthly to another Kent Reliance account or transferred to your bank (but a lower rate of interest will be paid).
The interest paid to your 90 day notice account can be withdrawn without notice as long as you do so within 12 months of it being added.
* This rule also applies if you wish to transfer to another Kent Reliance account.
Minimum Opening Deposit £500
Gross Rate % p.a.
Net Rate % p.a.
AER %
£25,000 and over £10,000 - £24,999 Under £10,000 Rate for monthly interest
3.95 3.00 2.00 2.00
3.16 2.40 1.60 1.60
3.95 3.00 2.00 2.02
With effect from 1 March 2008 the
above 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.
