Kent Reliance Cash ISA 2yr Fixed Rate Issue 62 (4.4%) - topping up

code_hunter_2
code_hunter_2 Posts: 20 Forumite
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edited 29 April 2023 at 9:15AM in ISAs & tax-free savings
For anyone with the Kent Reliance Cash ISA, 2yr fixed rate, Issue 62 (4.4%)… 

As I had opened the ISA in Nov 2022, I made an assumption that deposits could only be made in that current tax year (2022-2023).

However, I have just discovered through an online enquiry that the ‘top up anytime’ means that deposits can also be made in this current tax year (2023-2024).

You may be aware of this already, but thought it would be worthwhile sharing in case someone is in the same position. 

Very happy that I can continue to receive 4.4% on new deposits this tax year. I’ve not yet subscribed to a new ISA this year and Kent Reliance do the ‘ISA Portfolio’, so I could potentially open another ISA with them later in the tax year too…. which may be handy if rates increase. 

Comments

  • Albermarle
    Albermarle Posts: 21,909 Forumite
    First Anniversary First Post Name Dropper
    Normally you can not add to fixed rate accounts after the funding window closes ( usually 10 to 21 days ) but as you have discovered there are a few outliers where this is possible. It only ever seems to apply to ISA's so the provider is limiting any potential liability. 

    I think also some offering this facility reserve the right to withdraw it.
  • tony_1
    tony_1 Posts: 41 Forumite
    First Post First Anniversary Combo Breaker
    Thought the issue 62 was 3.4% ?
  • code_hunter_2
    code_hunter_2 Posts: 20 Forumite
    First Post First Anniversary
    edited 30 April 2023 at 7:22AM
    Definitely 4.4%  :)

    Two year fixed rate cash ISA - issue 62
    Interest paidAnnualMonthly
    Opening balance£1,000£1,000
    AER4.40%4.40%
    Gross rate4.40%4.31%

    Rates effective as of 15 November 2022. Product withdrawn 23 November 2022.

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