A simple statement
based easy access account paying a
higher rate of interest without
all the restrictions some other
banks and
building societies impose
"earn 4.50% gross"
(variable)
With effect from 1 March 2008
Important
: This account can only be opened and operated by post through our Head Office.
Please note : Head Office does not offer counter facilities.
If
you have an existing KRBS passbook-based
regular savings account and wish to switch
to the Direct regular savings account,
Please complete and return the Direct
regular savings transfer
form (along with your passbook).
A minimum
monthly payment of £25 is required by
standing order to guarantee higher rate
of interest. A standing order form will
be sent to you with your welcome letter.
Note: If regular payments are not maintained (minimum £25 per month) the account will revert to our easy access account which pays a lower rate of interest.
Proof of identity and address verified electronically in the first instance.
Take money
out of your account when you like.
All deposit and withdrawal requests
should be posted to our Head Office using
the supplied stationery (further supplies can be downloaded from this website).
Please make sure the account number
is quoted on all correspondence and
cheques.
A receipt will only be sent for each additional deposit made by cheque.
Interest
is added to the account annually on
5 April.
You will receive a statement in April showing the interest earned for the tax year, as well as quarterly statements in January, April, July and October.
If you have
any queries relating to your
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.
Minimum Opening Deposit
£25
Gross
Rate % p.a./AER
Net
Rate % p.a.
£1 and over
4.50
3.60
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.
*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.
