Kent Reliance Building Society

A postal easy access bond

"earn up to 2.55% gross/AER"
(fixed)

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.

For an information pack click here.

Main features of the account

	Minimum investment £100 (£10,000 for monthly interest).
	Maximum investment £1,000,000.
	Term - 12 months.
	No age restriction.
	Proof of identity and address verified electronically in the first instance.
	The bond may be closed at any time before maturity, however no interest will be payable. Therefore, if monthly interest has been paid away from the account prior to early closure, this will be deducted from the capital balance in the event of early closure and you will get back less than you originally invested. 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.
	This bond can only be opened directly at our Head Office. To request an application form call 08451 22 00 22* or it can be downloaded from this website.
	The bond is a fixed term investment. We will write to you at least 10 days prior to maturity 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 nearest equivalent fixed rate bond on maturity, but may then be closed at any time (without interest being paid subsequent to the original bond's maturity date).

Minimum Investment £100 (£10,000 for monthly interest)	Gross Rate % p.a.	Net Rate % p.a.	AER % % p.a.
Annual interest	2.55	2.04	2.55
Monthly interest	2.52	2.02	2.55

As at 29 June 2010

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.

Gross rate - is the rate of interest before the deduction of income tax.

Net rate - is the rate after the deduction of income tax, currently at the rate of 20%. Subject to the required certification non taxpayers are able to receive their interest gross.

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