Invest up to £3,600 in each tax year (unless transferring in).
Minimum age 16.
Interest paid free of income and capital gains tax for people who live in the UK and is added to the account annually on 5 April.
Add to your savings as and when you like *(subject to HM Revenue and Customs limits).
Take money out of your account as and when you like*(without notice or penalty).
*All deposit and withdrawal requests should be posted to our Head Office using the supplied stationery (supplies can be downloaded from this website). Please make sure the account number is quoted on all correspondence and cheques.
The £3,600 annual investment limit applies to the total credits to the account and not the balance. If you pay £3,600 into your account then take out £500 you cannot replace the £500 in the same tax year.
A receipt will be sent for each additional deposit made on the account (other than standing orders).
You will receive an annual statement in April showing the interest earned for the tax year as well as detailing any transactions in the previous quarter. In addition to this statements will be sent in January, July and October (if there have been transactions on the account)**.
**If you have any queries relating to your quarterly statements, please e-mail: mail@krbs.com.
This account can only be opened and operated by post through our Head Office. To request an application form call 08451 22 00 22*** or it can be downloaded from this website.
***Calls 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.
Those customers who already have a variable rate cash ISA with us may switch to the Direct ISA by simply completing and returning the Direct ISA transfer form (along with their passbook) from our downloads page.
Minimum opening deposit £1
Tax Free Rate % p.a./AER
Up to annual maximum £3,600 Unless transferring in
5.76
With effect from 1 March 2008 the above interest rate 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.
Tax free rate is the stated contractual rate of interest as the interest is exempt from income tax.
