Kent Reliance has given its one and two-year fixed bonds a helping hand with a rate increase of up to 0.25%. As a result, both accounts have shored up their positions within the Moneyfacts charts.
1 Year Fixed Rate Bond Issue 31 now pays 1.85% yearly (1.83% monthly), allowing it to sit comfortably among the top 10 accounts of its sector. Its two-year counterpart (issue 30) pays a competitive yearly rate of 2.10% (2.08% monthly), which also enables it to maintain a place in the charts.
Both accounts can be opened and operated in branch, by post and, if the saver is over 18 years of age, online. A minimum investment of £1,000 is required.
Once the accounts are open no further deposits can be made, but unusually, it is possible to access funds early on the loss of 180 days' interest.
The rate boost awarded to both of these accounts has given their competitiveness a definite lift, securing their places in the Moneyfacts charts. Savers are also likely to welcome the flexibility of early access, which is an unusual bonus in this sector.
Moneyfacts rating: Excellent
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