Two year flexible fixed rate Cash ISA issue 4

Two year flexible fixed rate cash ISA - issue 4

A flexible ISA offering a tax-free rate fixed for two years, together with the ability to pay in and withdraw money.

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the application form

What you need to know about this ISA

• Minimum age is 16.
• Interest will be credited to the account free of income and capital gains tax for people who live in the UK. Annual interest will be credited to the account on 5 April each year and on maturity. Monthly interest will be credited to the account on the last working day of each month or transferred to a different Bank/Building Society account.
• Minimum opening deposit is £1,000. Minimum operating balance £1.
• Additional deposits can be made by cash (although this facility is only available at our branches), cheque or bank transfer (BACS). Instructions on how to pay by BACS can be found here or in our important information leaflet (PDF document).
• You cannot make a joint application for an ISA.
• Can include transfer of additional cash ISA funds from other providers. The time required to fully effect your transfer to Kent Reliance will be determined by your current provider. Kent Reliance accepts no responsibility in delays in transferring your ISA to a Kent Reliance product.
• The current maximum you can subscribe to a Cash ISA in the current 2012/13 tax year is £5,640. 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.
• Withdrawals, closures or transfers out during the product term are permitted subject to a charge equivalent to 180 days’ interest on the amount withdrawn (which will be deducted from the capital if necessary). If you take funds out of your account, you cannot subsequently replace them in the same tax year. For postal and online accounts simply send a signed withdrawal request to Head Office. If you have an online account please include your BACS details as the withdrawn funds will be sent to your nominated account*.
• You may split your current year ISA allowance between multiple Kent Reliance ISA products. For example you may decide to invest £3,640 in a fixed rate ISA and £2,000 in a variable rate ISA.
  
  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 prohibit opening multiple 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.
  
  This means that by applying for a fixed rate ISA (which has a penalty for making a withdrawal prior to maturity) you would incur a loss of interest if you decide to transfer funds out during the product term.
• We will write to you 10 days prior to the maturity date of your Fixed rate ISA notifying you of the end of your term. The maturity balance will be transferred to a suitable ISA of our choosing unless we receive alternative instructions.
• Transfer requests prior to maturity will be processed within five working days of receipt and an early closure/withdrawal charge equivalent to 180 days’ interest on the amount withdrawn will be deducted.
  
  For transfers to another ISA provider after maturity, notice must be given by completing the other ISA provider’s transfer request form and withdrawal proceeds will be sent by cheque within five working days of maturity.
• You will have 14 days from the date the account is opened to reconsider your choice. If you change your mind within this cooling-off period, your initial deposit will be returned without interest or penalty. If you have paid any cheques into the account, we can’t return these funds until the cheque(s) have cleared, please allow six clear working days.

*Your nominated account is the UK Bank/Building Society account from which you send us your initial deposit.

Product summary

Ready to take the next step?

You can apply for this account online or by downloading and returning an application form by post or to one of our branches. Online account opening is not available in all cases.

Apply online

Please note that slightly different terms and conditions apply to accounts opened online. In particular, payments out of the account can only be made to the same account that you make your first payment from. Make sure you read the introductory page carefully before you open your account.

Download and return

Just follow this simple process and we'll get your new account set up for you:

1. Download and complete the application form.
2. Make sure you've read our general terms and conditions.
3. Post your completed form back to us at our Freepost address or take it into one of our branches.

Kent Reliance
FREEPOST SEA11929
Chatham
ME4 4BR

Other documents you may find useful:

• Interest rates - the rates for all our products.
• Important information leaflet.
• Transfer form for transferring funds from other ISA providers.

All these documents are supplied in PDF format. Download Acrobat Reader.

If you prefer, call us on 0845 122 0022* and we will post a pack to you.

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