Kent Reliance

Ness9866 · 9 June 2015 at 11:38AM

Having done some research, I am about to open a bond account with Kent Reliance.
The one year account offers 1.85% the two year offers 2.10% and the four year offers 2.35%
However all the accounts allow instant access with the loss of 180 days interest.

It seems a no brainer to take the four year offer so even if I do need the money I will be better off. Am I correct or am I missing a rather obvious point?

greenglide · 9 June 2015 at 11:40AM

Open a current acount with TSB, Lloyds, Santander ,,,,,,,,,,,,,,,,, and get more interest and no penalties?

Ness9866 · 9 June 2015 at 12:14PM

I appreciate that for current accounts but I have quite a large sum to invest

Archi_Bald · 9 June 2015 at 2:03PM

How large? For how long?

Ness9866 · 9 June 2015 at 2:47PM

£85K
But I want to know I can access it if I need to

Archi_Bald · 9 June 2015 at 3:12PM

You can get 3, 4 and 5% on around £50K in sole current accounts. More than double that if you can have joint accounts, obviously.

Then there are 4% and 6% regular savings accounts that take £1,300 a month between them.

For the remainder you'd have to settle for one of the lame savings accounts.

le_loup · 9 June 2015 at 3:59PM

If you still want to do the deal with KR - do two or three separate accounts then, if you need to liberate some money, you won't lose the 180 days on the whole of the cash.

Ness9866 · 9 June 2015 at 4:41PM

Which would these be please? I have only seen ones up to 20K Santander I think. But I already have savings with them

le_loup · 9 June 2015 at 8:21PM

The same account with KR that you have in mind but 3 applications with 3 separate amounts.

Archi_Bald · 9 June 2015 at 9:08PM

Ness9866 wrote: »

Which would these be please? I have only seen ones up to 20K Santander I think. But I already have savings with them

http://www.moneysavingexpert.com/savings/savings-loophole for current accounts

First few posts in http://forums.moneysavingexpert.com/showthread.php?p=6932895%3Cbr%20/%3E for regular savings accounts (KRBS got one of the good ones)

jimjames · 9 June 2015 at 10:01PM

Ness9866 wrote: »

£85K
But I want to know I can access it if I need to

Do you really need all of it in savings? Or could some be invested buit still have access to it?

Kent Reliance

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