Important: This account can only be opened and operated through our branch and agency network. Our accounts are only available to UK residents. For an application form and/or transfer forms you can simply pop in to our branch or one of our agencies

Main features of the account

Minimum opening deposit and balance £1. The current maximum you can subscribe to a Cash ISA in a tax year is £5,100. This limit may be altered by the Government in the future. Transfers of previous tax year ISA subscriptions from another provider DO NOT count towards this tax year’s ISA subscription limit. Transfers of current tax year ISA subscriptions DO count towards this tax year’s ISA subscription limit. 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 for 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.

To open an account you must provide proof of name and address by producing either a:

Current signed passport OR Current UK photo-card driving licence.

If neither of these are available you must produce two items from the following list: Bank building society or credit card statement containing current address (issued or dated within 3 months); HM Revenue & Customs tax notification in respect of this current tax year or from the previous tax year (P45s and P60s are not official HM Revenue & Customs documents and are not therefore acceptable); Employee identity card with photo and signature from a well-known business; Recent utility bill - within 3 months (excluding mobile phone bills); Local Authority tax bill (valid for the current year); Current tenancy agreement; Current Housing Association rent book; Solicitor's letter confirming recent house purchase and previous address.

Certified copies are accepted. However, 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.

Interest paid free of income and capital gains tax for people who live in the UK and is added to the account on 5 April each year.

Add to your savings as and when you like (subject to HM Revenue and Customs limit).

Take money out of your account when you need it without notice or penalty (up to £500 in cash or up to the total balance by cheque from our branch or by post - lower limits may apply at our agencies).

Note: Transfers to other ISA providers will be processed within 30 days from receipt of all necessary documentation.

The annual investment limit applies to the total credits to the account and not the balance. If you take funds out of your account you cannot subsequently replace them in the same tax year.