Kent Reliance Building Society

Voted Best Cash ISA Provider for
the third consecutive year

Voted Best Cash ISA Provider

A simple statement based easy access account for the over 65's

"earn 1.47% gross/AER"
(variable)

As at 29 June 2010



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

Please note:	Head Office does not offer counter facilities.

For an information pack click here.

For further details on transferring Cash ISA funds or switching KRBS ISAs click here

Main features of the account

	Minimum opening deposit and balance £30,000 up until death: Thereafter minimum balance £1. On death, your beneficiary(ies) can opt to continue to enjoy the higher rate of interest applicable to a Direct 65+ variable rate cash ISA regardless of age. However, the interest will be taxable and they will not be able to add further funds to the account.
	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 65.
	Proof of identity and address verified electronically in the first instance.
	Interest paid free of income and capital gains tax for people who live in the UK and is added to the account annually on 5 April (unless the interest is paid monthly).
	Interest can be transferred to your bank/building society account on a monthly basis (however, a lower rate of interest will be paid).
	Add to your savings as and when you like (subject to HM Revenue and Customs limit). See section below on paying money into your account.
	A receipt will only be sent for each additional deposit made by cheque.
	Take money out of your account as and when you like(without notice or penalty). Note: Transfers to other ISA providers will be processed within 30 days from receipt of all necessary documentation. See section below on withdrawing money from your account.
	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.
	You will receive a statement in April showing the interest earned for the tax year as well as detailing any transactions since your last statement. In addition to this, statements will be sent in January, July and October (if there have been transactions on the account other than the opening deposit). Note: Online members will not receive postal statements but can view their last ten transactions at any time.
	If you have any queries relating to your statements, please e-mail: .
	On death, your beneficiary(ies) can opt to continue to enjoy the higher rate of interest applicable to a Direct 65+ variable rate cash ISA regardless of age. However, the interest will be taxable and they will not be able to add further funds to the account.
	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 and balance £30,000	Tax Free Rate % p.a.	AER %
Annual interest	1.47	1.47
Monthly interest	1.46	1.47

As at 29 June 2010

Note: Online members will not receive postal statements but can view their last ten transactions at any time.

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.

Tax free rate - is the stated contractual rate as the interest is exempt from income tax.

Paying money into your account (Click here to download paying in slip)

Deposits can be made by cheque/BACS or CHAPS. Deposit requests should be sent to Head Office using the stationery provided.

By BACS

If you want to pay money in by BACS just supply your bank, employer or pension provider with the following bank details in order for them to send the funds direct to us.

a)	Sort code: 62-24-97.
b)	Account details: this will be the numerical element of your account reference with a zero added in front of the number to make it eight digits long for example DSA5515588KRB would become 05515588.
c)	Reference: if a reference is required please quote your whole account number, which includes the prefix and the first three letters of your surname for example DSA5515588KRB.
d)	Amount to be transferred.
	(please allow three clear working days for this process to be completed).

By cheque

You will need to allow six working days before you can draw against a cheque. The cheque should be made payable in your name.
Please quote your account number and address on all cheques.

By CHAPS

Call Kent Reliance on 08451 22 11 22* for further details.

Withdrawing money from your account (Click here to download withdrawal/closure form)

Withdrawal requests should be sent to Head Office using the stationery provided.

By BACS

All withdrawals will be made payable by BACS to your nominated bank/building society account. Please provide your account details on the withdrawal slip.

*For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.