Kent Reliance cash ISA 4.91%

winkowinko

Here's the small print

 This account can be opened and operated by post, online** or in branch. Minimum opening deposit £1,000. | Maximum deposit £1,000,000. | Minimum operating balance £1. Additional deposits can be made subject to HM Revenue & Customs (HMRC) limits. The maximum you can subscribe to a cash ISA in the current 2024/25 tax year is £20,000. Additional deposits can be made by cash (only available at our branches), cheque or bank transfer. We do not accept deposits by debit card into your account. Transfer of additional ISA funds from other providers are permitted however this request must be received within 30 days of your account being opened. The time required to complete your transfer to Kent Reliance will be determined by your current provider.

Transfers are allowed within 30 days.

Additional deposits can be made. No mention of time restrictions.

CrickJon

I have an existing fixed ISA maturing with Santander on 1-Nov-24.

I assume I can't open this Kent Reliance ISA and transfer that over until after 1-Oct-24 due to the 30 day window from opening for transfers?

winkowinko

CrickJon said:

I have an existing fixed ISA maturing with Santander on 1-Nov-24.

I assume I can't open this Kent Reliance ISA and transfer that over until after 1-Oct-24 due to the 30 day window from opening for transfers?

You won't be able to open the one offering 4.91%, because that disappeared about 2 weeks ago.

youngretired

Can you open the 1yr fixed ISA with Kent and just request transfers in or do you need to make the £1000 minimum deposit within 7 days as stipulated on the application? I was just in the process of opening the account, as wish to transfer my Virgin that matures on 30/09 and Santander that matures 01/10, but don't want to put new money into it. So would I have to wait until 7 days before 30/09 to open so the first transfer meets the minimum deposit?

Hammer_Time

I just phoned Kent with the same question, they stated because I am funding the ISA with a transfer from a previous provider the 7 day funding don’t apply. My transfer is for 7 October and I also do not want to add any new money.