Kent Reliance Building Society

A fixed rate investment bond for the
supporters of the Gillingham Football Club

"earn up to 3.00% gross/AER"
(fixed)

As at 6 April 2010

    Important: This account can only be opened and operated by post through our
                       Head Office. Our accounts are only available to UK residents.

    For an information pack click here.

Love your club

The more you save, the more we’ll donate to Gillingham FC.

Main features of the account

Minimum opening deposit £100 (£10,000 for monthly interest).

Maximum investment £1,000,000.

Term - 12 months.

No age restriction.

Your proof of identity and address will be verified electronically in the first instance. If you are under 18 years of age we will need your birth certificate*.

No additional deposits or partial withdrawals under any circumstances. However, additional bonds can be opened (subject to availability).

If you select to have your interest:-


a)	Paid annually Interest will be payable on maturity.

b)	Paid monthly Interest will be payable on the last working day of each month to a bank/building society account via BACS.

You cannot close your bond during the fixed rate term.

The bond is a fixed term investment. We will write to you at least 10 days prior to the maturity date with details of further investment opportunities with the Society. If we do not hear from you with alternative instructions, the balance of your bond will be transferred automatically to the Society’s Direct tracker rollover bond on maturity. In exceptional circumstances, the Direct tracker rollover bond may be closed during the first 12 months subject to a charge equivalent to 100 days’ interest (which will be deducted from the capital sum if necessary). Therefore, if you close your account in the first 100 days, you will get back less than originally invested. Thereafter it may be closed at any time without charge.

*If supplying a certified copy, it should be signed, dated, marked 'original seen' and bear the name, address and occupation of the certifier. It can be certified by a UK lawyer, banker, accountant, teacher, doctor, minister of religion, postmaster/sub-postmaster, authorised financial intermediary or similar professional.

Minimum investment £100 (£10,000 for monthly interest)	Gross Rate % p.a.	Net Rate % p.a.	AER % % p.a.
Annual interest	3.00	2.40	3.00
Monthly interest	2.96	2.37	3.00

As at 6 April 2010

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.