Savings Interest Rates, Switch Offers and Guides for Kent Reliance

Who they are

Kent Reliance is a trading name of OneSavings Bank plc. The building society was formed from the merger of Kent and Canterbury (established 1847), Dover District (established 1861), Herne Bay (established 1888), and Chatham Reliance (established 1898). In February 2011, Kent Reliance Building Society transferred its business to OneSavings Bank plc, following the purchase of a stake by private equity firm JC Flowers. OneSavings Bank's parent, OSB Group plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Today Kent Reliance operates as a retail savings brand with roots deep in the South East, and a range that runs from easy access accounts through to fixed rate bonds and cash ISAs.

One thing worth noting on the safety side: Kent Reliance shares its banking licence with other OSB brands - such as Charter Savings Bank - so the £120,000 FSCS limit applies to your total aggregate deposits across all of them. If you already save with Charter Savings Bank, keep that in mind when deciding how much to deposit here.

Savings accounts

Kent Reliance has a broad range, so there is something for most types of saver. On the fixed rate side, the headline products are a 1 Year Fixed Rate Bond at 4.43%, a 2 Year at 4.45%, and a 3 Year at 4.46% - all requiring a minimum of £1,000 and offering no access until maturity. If you want flexibility, the Easy Access Savings Account pays 4.21% on the Limited Access Saver (variable, limited withdrawals) or 3.75% on the straightforward Easy Access account. There is also a 60 Day Notice Account at 4.00%, available in branch, with a £1,000 minimum.

The Regular Savings Account stands out with a rate of 5.10% - though this is variable and you can save up to £500 per month, with a minimum of £25. Branch access is required.

For tax-free saving, the Easy Access Cash ISA pays 3.75%, while fixed ISAs run from 4.28% for one year up to 4.32% for two or three years. All ISA products require £1,000 to open, except the easy access version which starts from £1.

All accounts shown here carry FSCS protection up to £120,000.

Is it right for you?

Kent Reliance suits savers who want a recognisable name with a long history and a wide choice of account types in one place. The fixed rate bonds and fixed ISAs are competitive, and the Regular Saver rate of 5.10% is worth a look if you can commit to monthly deposits of up to £500. Bear in mind that several accounts are branch-only, so if you prefer to manage everything online, check the access terms carefully before applying.

There are no switch offers available at present. Rates are variable on the easy access and notice products, so they can move.

As always, the live rates on this page are the most up-to-date figures - worth a quick check before you apply, as savings rates across the market can shift at short notice.