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Home > Investments > Savings & Isas

By Marc Shoffman | Published Jun 25, 2012

Kent Reliance launches savings accounts

The new Direct Savings Account pays 3.20 per cent gross a year, with a minimum balance of £1000, and is available through postal and online channels. Customers can buy funds without notice.

According to Andy Golding, chief executive of Kent Reliance, unlike other similar accounts appearing in the Best Buy tables, the new Direct Savings Account from Kent Reliance doesn’t rely on an introductory bonus to boost the headline rate.

He said that, in a move to make great rates accessible across all channels, including online and postal, Kent Reliance has also increased the rates on its Postal 60-Day Notice account, to 3.25 per cent gross a year, and on its Internet 60 Day Notice account, 3.35 per cent gross a year.

Both accounts have a minimum balance of £1000.

Mr Golding added: “We wanted our online and postal accounts to complement our market leading Branch savings accounts, so that customers are able to access great rates no matter how they interact with us.”

Kent Reliance has also launched a New Limited Edition 1 year Fixed Rate Bond, paying 3.40 per cent gross a year, which is available in branch, by post and online.

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