For further details on transferring Cash ISA funds or switching KRBS ISAs click here
Main features of the account
Minimum opening deposit and balance £100.
The current maximum you can subscribe to a Cash ISA in a tax year is £3,600.
Note: The ISA limit will increase to £5,100 in two stages - from 6 October 2009 (for those aged 50 or over by
5 April 2010) and from 6 April
2010 (for everyone else).
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.
Proof of identity and address verified electronically in the first instance.
Interest is paid free of income and capital gains tax for people who live in
the UK and is paid on 5 April each year and on maturity. You will receive
a letter each year showing the interest earned.
Additional deposits can be made until the product is withdrawn to new
customers (subject to HM Revenue and Customs limit). However, if you
have not used your full ISA allowance for the current tax year, you may
subscribe your remaining allowance to another KRBS ISA.
Withdrawals, closures or transfers out are permitted subject to a charge
equivalent to 100 days’ interest (which will be deducted from the capital
if necessary). Therefore, if you close your account in the first 100 days,
you will get back less than you originally invested.
The annual 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.
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 £100
Tax Free Rate % p.a./AER
Annual interest
3.25
As at 1 March 2010
Annual Equivalent Rate or AER illustrates what the interest rate would be if the interest was paid and added each year. Please note that every advertisement for a savings product which quotes an interest rate will contain an AER allowing you to compare at a glance what return you can expect from your savings over time.
AER - interest which is paid annually on 5 April is the same as the appropriate gross rate or tax free rate. For accounts where the interest is paid monthly the AER is shown.
Tax free rate is the stated contractual rate of interest as the interest is exempt from income tax.
*For customer service and training purposes, calls to Kent Reliance may be monitored and/or recorded.
