Kent Reliance savings accounts review

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

Kent Reliance's best easy access rate of 4.35% is significantly lower than today's market-best rate of 7.29%. Compare more instant and easy access accounts up to 7.29%

Cash ISAs

Kent Reliance's best cash ISA rate of 4.5% is very slightly lower than today's market-best rate of 4.92%. Compare more ISAs up to 4.92%

Fixed-rate bonds

Kent Reliance's best fixed-rate bond rate of 4.65% is very slightly lower than today's market-best rate of 4.81%. Compare more fixed-rate bonds up to 4.81%

Notice savings accounts

Kent Reliance's best notice savings account rate of 4.7% is very slightly lower than today's market-best rate of 5.2%. Compare more notice savings accounts up to 5.2%

Regular savings accounts

Kent Reliance's best regular savings account rate of 5.1% is significantly lower than today's market-best rate of 8%. Compare more regular savings accounts up to 8%

Business savings accounts

Kent Reliance's best business savings account rate of 3.94% is lower than today's market-best rate of 5%. Compare more business savings accounts up to 5%

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	4.35%
Best cash ISA rate	4.5%
Best fixed-rate bond rate	4.65%
Best notice account rate	4.7%
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

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

• Where are Kent Reliance's branches?

  Kent Reliance branches are all based in Kent. You will find branches in Chatham, Canterbury, Maidstone, Strood, Hempstead, Littlehampton, Hythe and Gravesend.

• What happens when my fixed rate bond matures?

  When your bond matures, you'll be contacted by post to explain your options, which includes the transfer to a default product. If you are happy with this transfer, you don't need to do anything. If not, you will need to visit your nearest branch to select a new account.

• Can I open a joint account?

  Yes, you can open a joint savings account with Kent Reliance.

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.