Kent Reliance. Has anyone used them?

LMS123

I've just started to open a 1 yr fixed bond with Kent Reliance but am unsure whether or not to proceed given a few mixed reviews.
Has anyone had any recent experience of them?

CricketLady

I had a one year fixed rate bond just over a year ago, opened it online with no trouble and just left the money there until it matured then was able to withdraw money (and interest) with no trouble. Logging on to my account was also easy. I haven't heard anything bad about them personally, and if a good account came up with them again I would happily invest.

eskbanker

See last week's thread about them at https://forums.moneysavingexpert.com/discussion/5722492

LMS123

Ok Thanks. I'll probably proceed with Kent. It's so difficult nowadays, everything is so volatile. Got stung by Monarch last week It's difficult to know who to trust as nothing is what it seems.

eskbanker

LMS123 wrote: »

Got stung by Monarch last week

Queen bee perhaps?

Moving on, any sort of issue with a building society should be nothing like as problematic as an airline failure - for one thing the FSCS protection is much more solid and effective than ATOL, etc, in that getting your money back from a compensation scheme for a failed savings account is much the same as what you'd have expected back anyway, so somewhat more helpful than a refund in lieu of useless flight tickets.

And in terms of customer service issues, etc, a one-year fixed bond presumably only entails opening and funding an account and then forgetting about it for a year, so it's not as if you'd need to be in regular contact with them....

LMS123

Yes, thanks. It's only for a year. What could possibly go wrong !