![]() †Your nominated account must be a UK Bank/Building Society current account held in your name. ![]() If we do not receive your maturity instructions, your funds will be automatically transferred to another product from our range of available products, which has a term that is closest in length to the product that is maturing and other similar specific terms and conditions. You can either choose to withdraw your funds into your nominated account † or transfer them into a new or existing Kent Reliance account in your name (subject to meeting any specific terms and conditions for that account). We will write to you 14 days prior to the maturity of your bond notifying you of your options available at the end of the account term. Withdrawals and early closures are not permitted during the account term. Please refer to our Online services terms and conditions. This account can be opened and operated online** or in branch. The above projections are provided for illustrative purposes only and do not take into account individual circumstances. These projections are based on interest being credited to the account at maturity, no withdrawals and no additional deposits. What would the estimated balance be after 12 months based on a £1,000 deposit? Up to date information on our interest rates can be found on our interest rates page, in branch or by calling our head office. The interest rate on this account is fixed and cannot be changed throughout the account term. Where payable, the final interest payment will be made on the maturity date.Ĭan Kent Reliance change the interest rate? Where payable, monthly interest is paid on the last working day of each month. Where annual interest is payable, annual interest is paid on maturity. Where interest is payable, interest is calculated daily and can be credited to the account or transferred to your nominated account. 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. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Please note that the automatic deduction of tax on savings interest ceased with effect from 6 April 2016. is the rate of interest paid without the deduction of tax per annum. The summary box contains the specific terms and conditions for this account and where applicable, supersede our Savings General and Online Terms and Conditions.
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