Kent Reliance Building Society from UK

Voted Best Cash ISA Provider

A simple statement based easy access account

"earn 1.52% gross"
(variable)

Correct as at 5 June 2009

    Important:  This account can only be opened and operated by post through our Head
                        Office.

    Please note:  Head Office does not offer counter facilities.

For an information pack click here.

Main features of the account

	Minimum opening deposit and balance £1.
	Invest up to £3,600 of new money in the current tax year. From 6 April 2010, the ISA limit will increase to £5,100.
	Existing ISA funds can be transferred from other ISA providers. Note: The time required to fully effect your transfer to KRBS will be determined by your current provider. KRBS accepts no responsibility in delays in transferring your ISA to a KRBS product.
	Minimum age 16, maximum age 24.
	Proof of identity and address verified electronically in the first instance. However, if you are aged 16 - 18 further ID will be required (see application form for further details).
	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 limit).
	Take money out of your account as and when you like(without notice or penalty). Transfers to other ISA providers will be processed within 30 days from receipt of all necessary documentation.
	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 by cheque.
	You will receive a statement in April showing the interest earned for the tax year as well as detailing any transactions since your last statement. In addition to this statements will be sent in January, July and October (if there have been transactions on the account other than the opening deposit).
	Note: Online members will not receive postal statements but can view their last ten transactions at any time.
	If you have any queries relating to your quarterly statements, please e-mail mail@krbs.com.
	When you reach 25 years of age, you will able to add further funds to the account (subject to HM Revenue or Customs limit) until the new tax year. Thereafter, no further funds can be added to this account but you can still enjoy the rate of interest applicable to this account regardless of age.
	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.

Those members who already have a Variable rate cash ISA with us may switch to the Direct variable rate cash ISA - Under 25s (must be aged
16 - 24) by simply completing and returning the relevant transfer form (along with their passbook) from our downloads page.

Minimum opening deposit £1	Tax Free Rate % p.a./AER
Annual interest	1.52

Correct as at 5 June 2009

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.

*For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.