One year fixed rate cash ISA
Issue 96

Cash ISA 1 year fixed rate - issue 96

Rates effective 12 April 2024:

*Gross p.a. is the rate of interest paid without the deduction of tax per annum. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product will contain an AER you will be able to compare more easily what return you can expect from your savings over time.

Where interest is payable, it is calculated daily and can be credited to the account or transferred to your nominated account.

Where annual interest is payable, annual interest is paid on maturity. Where payable, monthly interest is paid on the last working day of each month. Where payable, the final interest payment will be made on the maturity date.

The interest rate on this account is fixed and cannot be changed during the account term. Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office.

These projections are based on an opening date of 6 April, interest being credited to the account, no withdrawals or additional deposits.

The above projections are provided for illustrative purposes only and do not take into account individual circumstances.

This account can be opened and operated online** or in branch.

Additional deposits can be made subject to HM Revenue & Customs (HMRC) limits. The maximum you can subscribe to a cash ISA in the current 2024/25 tax year is £20,000.

Additional deposits can be made by cash (only available at our branches), cheque or bank transfer. We do not accept deposits by debit card into your account.

Transfer of additional ISA funds from other providers are permitted however this request must be received within 30 days of your account being opened. The time required to complete your transfer to Kent Reliance will be determined by your current provider.

**Subject to eligibility. Please refer to our Online services terms and conditions.

Transfers out, withdrawals and closures are permitted subject to 90 days’ loss of interest on the amount withdrawn. If you transfer out, withdraw or close the account in the first 90 days, you may get back less than you originally invested.

Any funds withdrawn from the account cannot be subsequently replaced in the same tax year.

For postal accounts, send us a signed withdrawal request to Head Office. Alternatively, if you have registered to operate your account online, simply log in and request your withdrawal to your nominated account^†.

If you hold a branch account, take your passbook and a form of ID to your local branch and a member of our team will action your request.

There are different payment cut-off times depending on the method of withdrawal you require. For further details please visit our withdrawals page or call our Head Office.

We will write to you 14 days prior to the maturity of your ISA notifying you of your options available at the end of the term. If we do not receive your maturity instructions, your funds will be automatically transferred to another product from our current range of available products, which has a term that is closest in length to the product that is maturing and similar terms and conditions.

^†Your nominated account must be a UK Bank/Building Society current account held in your name.

You may split your current tax year ISA allowance between multiple Kent Reliance ISA products.

If you choose to open multiple Kent Reliance products in the same tax year, these will be treated as a single ISA under HMRC regulations. HMRC prohibits opening multiple Cash ISAs with multiple ISA providers in the same tax year. Therefore, if you want to transfer funds from one ISA provider to another, you must transfer your full ISA subscription for the current tax year.