Kent Reliance savings accounts review

Kent Reliance offers a broad range of savings accounts with interest rates up to 5.1%.

No reviews yet. Write a review
Kent Reliance

Founded in 1898, Kent Reliance is a banking services provider based in Kent. It is the trading name of OneSavings Bank and it offers a wide variety of savings accounts.

Kent Reliance's top savings rate of 5.1% is available on its regular savings account.

Easy access savings accounts

Table: sorted by interest rate
Kent Reliance's best easy access rate of 4.45% is significantly lower than today's market-best rate of 7.29%.
1 - 4 of 4
Name Product UKFSA-SAV Account type Withdrawals Min. opening balance Rate Deposit protection Open via Incentive Apply link
Kent Reliance – Easy Access Account - Issue 74
Variable
Instant access
£1,000
4.45% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Easy Access Account - Issue 74
Variable
Instant access
£1,000
4.45% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Cash ISA - Easy Access - Issue 53
Cash ISA
Instant access
£1,000
4.4% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Cash ISA - Easy Access - Issue 53
Cash ISA
Instant access
£1,000
4.4% AER variable
FSCS logo
protected
Open via: branch, website
Go to site
View details
loading
Compare more instant and easy access accounts up to 7.29%

Cash ISAs

Table: sorted by interest rate
Kent Reliance's best cash ISA rate of 4.51% is slightly lower than today's market-best rate of 5.12%.
1 - 4 of 4
Name Product UKFSA-SAV Rate Minimum investment Interest paid Withdrawals Deposit protection Open via Incentive Table product description Apply link
Kent Reliance – Cash ISA 1 Year Fixed Rate - Issue 107
4.51% AER fixed for 1 year
£1,000
On maturity
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Cash ISA 1 Year Fixed Rate - Issue 107
4.51% AER fixed for 1 year
£1,000
Monthly
Instant access (charge applies )
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Cash ISA - Easy Access - Issue 53
4.4% AER variable
£1,000
Yearly
Instant access
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – Cash ISA - Easy Access - Issue 53
4.4% AER variable
£1,000
Monthly
Instant access
FSCS logo
protected
Open via: branch, website
Go to site
View details
loading
Compare more ISAs up to 5.12%

Fixed-rate bonds

Table: sorted by interest rate
Kent Reliance's best fixed-rate bond rate of 4.66% is very slightly lower than today's market-best rate of 5%.
1 - 5 of 6
Name Product UKFSA-SAV Rate Invest Interest paid Withdrawals Open via Deposit protection Open via Incentive Table product description Apply link
Kent Reliance – 1 Year Fixed Rate Bond - Issue 152
4.66% AER fixed for 1 year
£1,000 - £1,000,000
On maturity
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – 1 Year Fixed Rate Bond - Issue 152
4.66% AER fixed for 1 year
£1,000 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – 2 Year Exclusive Fixed Rate Bond - Issue 3
4.61% AER fixed for 2 years
£1,000 - £1,000,000
Monthly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – 2 Year Exclusive Fixed Rate Bond - Issue 3
4.61% AER fixed for 2 years
£1,000 - £1,000,000
Yearly
Withdrawals not permitted
Branch, website
FSCS logo
protected
Open via: branch, website
Go to site
View details
Kent Reliance – 2 Year Fixed Rate Bond - Issue 3
4.56% AER fixed for 2 years
£1,000 - £499,999
Monthly
Withdrawals not permitted
Website
FSCS logo
protected
Open via: website
Go to site
View details
loading
Compare more fixed-rate bonds up to 5%

Notice savings accounts

Table: sorted by interest rate
Kent Reliance's best notice savings account rate of 5.04% is very slightly lower than today's market-best rate of 5.2%.
1 - 2 of 2
Name Product UKFSA-SAV Account type Withdrawals Open with Deposit protection Rate Open via Incentive Table product description Apply link
Kent Reliance – 60 Day Notice Savings Account - Issue 55
Variable
60 days notice needed
£1,000 - £1,000,000
FSCS logo
protected
5.04% AER variable
Open via: branch, website
Go to site
View details
Kent Reliance – 60 Day Notice Savings Account - Issue 55
Variable
60 days notice needed
£1,000 - £1,000,000
FSCS logo
protected
5.04% AER variable
Open via: branch, website
Go to site
View details
loading
Compare more notice savings accounts up to 5.2%

Regular savings accounts

Table: sorted by interest rate
Kent Reliance's best regular savings account rate of 5.1% is significantly lower than today's market-best rate of 8%.
Name Product UKFSA-SAV AER Save Withdrawal notice Interest paid Deposit protection Open via Incentive Table product description Apply link
Kent Reliance – One Year Regular Savings Account - Issue 12
5.1% variable (on first £6,000)
£1 to £500 per month
1 year bond
On maturity
FSCS logo
protected
Open via: branch
Go to site
View details
loading
Compare more regular savings accounts up to 8%

Business savings accounts

Table: sorted by interest rate
Kent Reliance's best business savings account rate of 3.94% is lower than today's market-best rate of 5.01%.
1 - 2 of 2
Name Product UKFSA-SAV Interest rate and type Interest paid Invest Term Open via Incentive Table product description Apply link
Kent Reliance – Business Savings Account - Issue 9
3.94% AER variable
Yearly
£1,000 - £1,000,000
Instant access
Open via: website
Go to site
View details
Kent Reliance – Business Savings Account - Issue 9
3.94% AER variable
Monthly
£1,000 - £1,000,000
Instant access
Open via: website
Go to site
View details
loading
Compare more business savings accounts up to 5.01%

What is Kent Reliance's best savings account with the highest interest rate?

The best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.

Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Kent Reliance offers, plus the highest interest rate currently available.

Savings account types include Easy access, cash ISAs, fixed-rate bonds, notice accounts, regular savers, business
Best easy access rate 4.45%
Best cash ISA rate 4.51%
Best fixed-rate bond rate 4.66%
Best notice account rate 5.04%
Best regular saver rate 5.1%
Best business savings account rate 3.94%
Fixed bond terms 1 year - 2 years
Notice account periods available 60 days
Opening options Branch, website
FSCS protection

How to open an account

Depending on the account you choose, you should be able to open it by filling in a form online, sending your form by post or popping into your local branch. You must be at least 18 years old and a UK resident. You will also need to have a UK bank account held in your own name.

You will have a 14-day cooling off period. This means that if you change your mind about opening the account, you can do so within 14 days and your money will be returned to you.

Documents needed to open an account

To open your account, you will need to provide proof of ID such as a valid UK passport, UK driving licence, identity card or HMRC correspondence.

You will also need to provide proof of address such as a UK driving licence, bank or mortgage statement, council tax bill, utility bill or tenancy agreement.

Is Kent Reliance safe?

Yes, Kent Reliance is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and PRA. All eligible deposits are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS). This rises to £170,000 for joint accounts.

Pros and cons

Pros

  • Multiple ways to bank. Manage your account online, by post or in branch.
  • Flexibility. Kent Reliance offers a range of accounts, whether you’re looking for easy access or long-term gains.
  • FSCS protection. Money in accounts will be protected up to £85,000 per person.

Cons

  • Better rates elsewhere? Kent Reliance offers some competitive interest rates, but always check what’s on offer elsewhere first.
  • Branch access only for the regular savings account. You’ll need to live near Kent if you wish to open this account.

Customer service information for Kent Reliance

Email support
Telephone support
In-app or live chat
Contact form
Branch support

Our verdict: Is a savings account from Kent Reliance worth it?

Kent Reliance offers an impressive range of savings accounts to suit a wide variety of saving requirements – whether you’re looking for easy access, a longer-term fixed rate account or something for your business. Most accounts can be operated online, by post or in branch too.

However, before taking the plunge, it’s worth checking out our other reviews to see how Kent Reliance savings accounts compare against the wider market.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Hide
Rachel Wait's headshot
Written by

Writer

Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio

More guides on Finder

  • How to get free money: Ways and tips to earn free cash

    Free money might sound too good to be true, but there are many ways you can get your hands on some extra cash.

  • Moneyfarm vs Hargreaves Lansdown (HL)

    Hargreaves Lansdown and Moneyfarm are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneyfarm vs Hargreaves Lansdown (HL).

  • Vanguard vs Freetrade

    Freetrade and Vanguard are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Vanguard vs Freetrade.

  • Bex Card review: A prepaid card for kids with a low fee.

    If your child is aged between 6 and 18, the Bex card could be the first step to giving them some financial freedom.

  • XTB vs Trading 212

    Trading 212 and XTB are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side XTB vs Trading 212.

  • Moneybox vs Trading 212

    Trading 212 and Moneybox are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Moneybox vs Trading 212.

  • InvestEngine vs Trading 212

    Trading 212 and InvestEngine are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in InvestEngine vs Trading 212.

  • Best day trading stocks for 2024

    Find out how to spot some of the best day trading stocks available in the UK and abroad, along with tips for managing your investment portfolio on a day-to-day basis.

  • Wealthify vs Vanguard

    Vanguard and Wealthify are both investment platforms with a lot to offer. We compare their fees, features, account types and more – side by side in Wealthify vs Vanguard.

  • eToro vs Robinhood UK

    Robinhood and eToro are both investment platforms with a lot to offer. We compare their fees, features, account types and more – side by side in eToro vs Robinhood UK.

Go to site