Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
Kent Reliance Savings Bonds - 1 year and 2 year rates
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Kent Reliance Savings Bonds - 1 year and 2 year rates
Kent Reliance have increased the interest rates on their 1-year and 2-year fixed-rate bonds in recent days -
Kent Reliance 1 Year fixed rate bond (Issue 96) - 2.25%
Kent Reliance 2 Year fixed rate bond (Issue 90) - 2.50%
https://www.kentreliance.co.uk/bonds
Looking at the current best rates available, these seem competitive, although I think it's likely that there might be a nudge up from others on the list below as well now, so anyone keen to squeeze the most out of their cash savings might do well to keep an eye on things over the coming weeks -
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavings
I've had similar savings accounts with Kent Reliance in the past, and can confirm that their bond-account opening process is still very quick and efficient, as it has been in the past for me.
It feels like a very fluid rate-market at the moment, but I'm happy that some of my cash savings are now working that little bit harder for me, and my bond interest received should at least go some way to recover a large but expected rise in my energy bills next year, which all helps in the current environment...
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 96) - 2.25%
Kent Reliance 2 Year fixed rate bond (Issue 90) - 2.50%
https://www.kentreliance.co.uk/bonds
Looking at the current best rates available, these seem competitive, although I think it's likely that there might be a nudge up from others on the list below as well now, so anyone keen to squeeze the most out of their cash savings might do well to keep an eye on things over the coming weeks -
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavings
I've had similar savings accounts with Kent Reliance in the past, and can confirm that their bond-account opening process is still very quick and efficient, as it has been in the past for me.
It feels like a very fluid rate-market at the moment, but I'm happy that some of my cash savings are now working that little bit harder for me, and my bond interest received should at least go some way to recover a large but expected rise in my energy bills next year, which all helps in the current environment...
Cheers,
Itsallaguess
-
- Lemon Quarter
- Posts: 3539
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3933 times
- Been thanked: 1440 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Itsallaguess wrote:Kent Reliance have increased the interest rates on their 1-year and 2-year fixed-rate bonds in recent days -
Kent Reliance 1 Year fixed rate bond (Issue 96) - 2.25%
Kent Reliance 2 Year fixed rate bond (Issue 90) - 2.50%
https://www.kentreliance.co.uk/bonds
Looking at the current best rates available, these seem competitive, although I think it's likely that there might be a nudge up from others on the list below as well now, so anyone keen to squeeze the most out of their cash savings might do well to keep an eye on things over the coming weeks -
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#fixedsavings
I've had similar savings accounts with Kent Reliance in the past, and can confirm that their bond-account opening process is still very quick and efficient, as it has been in the past for me.
It feels like a very fluid rate-market at the moment, but I'm happy that some of my cash savings are now working that little bit harder for me, and my bond interest received should at least go some way to recover a large but expected rise in my energy bills next year, which all helps in the current environment...
Cheers,
Itsallaguess
They seem to be offering similar rates over at AJBell Savings hub:
https://www.youinvest.co.uk/cash-savings#list
The best rates offered are 2.7% (3 years), 2.65% (2 years), 2.3% (1 year), all from Gatehouse bank.
Steve
-
- Lemon Quarter
- Posts: 4131
- Joined: November 4th, 2016, 9:24 am
- Has thanked: 3284 times
- Been thanked: 2868 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
It's times like this I'm glad I put a lot of our cash into Index Linked National Savings some years ago.
Just got a yearly update on one of the certificates.... 7.03% (CPI). And tax-free!
--kiloran
Just got a yearly update on one of the certificates.... 7.03% (CPI). And tax-free!
--kiloran
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
stevensfo wrote:
They seem to be offering similar rates over at AJBell Savings hub:
https://www.youinvest.co.uk/cash-savings#list
The best rates offered are 2.7% (3 years), 2.65% (2 years), 2.3% (1 year), all from Gatehouse bank.
As a follow-up to my original post, and related to the above rates that you mention from Gatehouse Bank, I noticed a few days after my recent Kent Reliance Bond application that they raised their 1-year and 2-year bond rates above those mentioned in my opening post, and the improved new issue rates are currently as follows -
Kent Reliance 1 Year fixed rate bond (Issue 97) - 2.36%
Kent Reliance 2 Year fixed rate bond (Issue 91) - 2.76%
https://www.kentreliance.co.uk/bonds
In relation to the above recent improvement in rates, I want to give some credit to Kent Reliance here, because I emailed them to ask if they were able to move both of my bond-applications over to the newer issues, to take advantage of those new higher interest rates, and within a couple of days I received a telephone call from a very helpful and efficient sales representative, who did exactly that in a very short space of time, and in a way that meant no need at all on my part to fill any new on-line or paper-based application forms at all, so in a world where good customer service feels hard to come by at the moment, I must give huge credit to Kent Reliance for both maintaining a good level of nimbleness in relation to their rising savings-rates, but also in their exemplary customer service as well...
Cheers,
Itsallaguess
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
New rates -
Kent Reliance 1 Year fixed rate bond (Issue 98) - 2.61%
Kent Reliance 2 Year fixed rate bond (Issue 92) - 2.91%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 98) - 2.61%
Kent Reliance 2 Year fixed rate bond (Issue 92) - 2.91%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Slice
- Posts: 492
- Joined: May 11th, 2017, 8:33 pm
- Has thanked: 99 times
- Been thanked: 212 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Itsallaguess wrote:New rates -
Kent Reliance 1 Year fixed rate bond (Issue 98) - 2.61%
Kent Reliance 2 Year fixed rate bond (Issue 92) - 2.91%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Interesting that, I was going to take their 2 year fixed bond a couple of weeks ago but went with Hodge Bank at 2.78% as it was a higher rate.
Hodge have now reduced their offering now to 2.68% whilst KR have increased their offering.
It's so difficult to know not just who to go with but also when to go.
-
- Lemon Quarter
- Posts: 4669
- Joined: November 8th, 2016, 5:01 pm
- Has thanked: 1197 times
- Been thanked: 904 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
kiloran wrote:It's times like this I'm glad I put a lot of our cash into Index Linked National Savings some years ago.
Just got a yearly update on one of the certificates.... 7.03% (CPI). And tax-free!
--kiloran
I had an annual statement on one of mine dated June 8 on which the CPI rate added was 8.99%. And there is no risk of loss of capital, as is happening with nearly all the shares I own. Thank goodness I held on to all of mine when rates were low.
Last edited by Bouleversee on June 30th, 2022, 10:43 am, edited 1 time in total.
-
- Lemon Quarter
- Posts: 3539
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3933 times
- Been thanked: 1440 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Maroochydore wrote:Itsallaguess wrote:New rates -
Kent Reliance 1 Year fixed rate bond (Issue 98) - 2.61%
Kent Reliance 2 Year fixed rate bond (Issue 92) - 2.91%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Interesting that, I was going to take their 2 year fixed bond a couple of weeks ago but went with Hodge Bank at 2.78% as it was a higher rate.
Hodge have now reduced their offering now to 2.68% whilst KR have increased their offering.
It's so difficult to know not just who to go with but also when to go.
Meanwhile, AJBell have QIB bank offering a 2 year fixed bond at 3.0%.
https://www.youinvest.co.uk/cash-savings#list
They all seem to be creeping up.
Steve
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Latest rates -
Kent Reliance 1 Year fixed rate bond (Issue 100) - 2.79%
Kent Reliance 2 Year fixed rate bond (Issue 94) - 3.06%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 100) - 2.79%
Kent Reliance 2 Year fixed rate bond (Issue 94) - 3.06%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Quarter
- Posts: 3539
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3933 times
- Been thanked: 1440 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Update on the platforms I use:
AJBell
Best 2 year fixed = 3.31% with Oaknorth
Best 1 year fixed = 2.85% with Paragon
Best 1 year fixed = 2.95% with Gatehouse (Shariah bank!)
https://www.youinvest.co.uk/cash-savings#list
Monzo
Best 1 year fixed = 2.75% with Oaknorth
Easy Access = 1.4% with Shawbrook
https://monzo.com/features/savings/
Steve
AJBell
Best 2 year fixed = 3.31% with Oaknorth
Best 1 year fixed = 2.85% with Paragon
Best 1 year fixed = 2.95% with Gatehouse (Shariah bank!)
https://www.youinvest.co.uk/cash-savings#list
Monzo
Best 1 year fixed = 2.75% with Oaknorth
Easy Access = 1.4% with Shawbrook
https://monzo.com/features/savings/
Steve
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Latest rates -
Kent Reliance 1 Year fixed rate bond (Issue 101) - 2.89%
Kent Reliance 2 Year fixed rate bond (Issue 95) - 3.16%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 101) - 2.89%
Kent Reliance 2 Year fixed rate bond (Issue 95) - 3.16%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Slice
- Posts: 924
- Joined: February 5th, 2021, 4:45 pm
- Has thanked: 688 times
- Been thanked: 316 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Shawbrook have recently added a 1-year bond at 3.26% (min. £1,000)
https://www.shawbrook.co.uk/direct/savings/personal-savings/fixed-rate-bonds/1-year-fixed-rate/
edit: apologies if wrong thread for this info.
https://www.shawbrook.co.uk/direct/savings/personal-savings/fixed-rate-bonds/1-year-fixed-rate/
edit: apologies if wrong thread for this info.
-
- Lemon Quarter
- Posts: 3539
- Joined: November 5th, 2016, 8:43 am
- Has thanked: 3933 times
- Been thanked: 1440 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
stevensfo wrote:Update on the platforms I use:
AJBell
Best 2 year fixed = 3.31% with Oaknorth
Best 1 year fixed = 2.85% with Paragon
Best 1 year fixed = 2.95% with Gatehouse (Shariah bank!)
https://www.youinvest.co.uk/cash-savings#list
Monzo
Best 1 year fixed = 2.75% with Oaknorth
Easy Access = 1.4% with Shawbrook
https://monzo.com/features/savings/
Steve
Strange goings-on at AJBell.
A 1-year fixed rate higher than 2-year!
Best 2 year fixed = 3.45% with Tandem
Best 1 year fixed = 3.50% with Ahli United (Bahrain bank)
https://www.youinvest.co.uk/cash-savings#list
Steve
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Latest rates -
Kent Reliance 1 Year fixed rate bond (Issue 102) - 3.05%
Kent Reliance 2 Year fixed rate bond (Issue 96) - 3.35%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 102) - 3.05%
Kent Reliance 2 Year fixed rate bond (Issue 96) - 3.35%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Latest rates -
Kent Reliance 1 Year fixed rate bond (Issue 103) - 3.50%
Kent Reliance 2 Year fixed rate bond (Issue 97) - 3.70%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 103) - 3.50%
Kent Reliance 2 Year fixed rate bond (Issue 97) - 3.70%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Some improved rates, and also now with the addition of a three-year fixed-rate bond option -
Kent Reliance 1 Year fixed rate bond (Issue 104) - 4.00%
Kent Reliance 2 Year fixed rate bond (Issue 98) - 4.35%
Kent Reliance 3 Year fixed rate bond (Issue 7) - 4.40%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 104) - 4.00%
Kent Reliance 2 Year fixed rate bond (Issue 98) - 4.35%
Kent Reliance 3 Year fixed rate bond (Issue 7) - 4.40%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Half
- Posts: 9129
- Joined: November 4th, 2016, 1:16 pm
- Has thanked: 4140 times
- Been thanked: 10033 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Latest rates -
Kent Reliance 1 Year fixed rate bond (Issue 105) - 4.45%
Kent Reliance 2 Year fixed rate bond (Issue 99) - 4.75%
Kent Reliance 3 Year fixed rate bond (Issue 8) - 4.80%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
Kent Reliance 1 Year fixed rate bond (Issue 105) - 4.45%
Kent Reliance 2 Year fixed rate bond (Issue 99) - 4.75%
Kent Reliance 3 Year fixed rate bond (Issue 8) - 4.80%
https://www.kentreliance.co.uk/bonds
Cheers,
Itsallaguess
-
- Lemon Quarter
- Posts: 1589
- Joined: November 4th, 2016, 3:54 pm
- Has thanked: 33 times
- Been thanked: 477 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
Why would someone put money into a fixed rate bond now when interest rates are rising and there's another 2 MPC meetings between now & Christmas ?
-
- Lemon Half
- Posts: 6050
- Joined: May 30th, 2021, 6:01 pm
- Has thanked: 1843 times
- Been thanked: 2067 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
richlist wrote:Why would someone put money into a fixed rate bond now when interest rates are rising and there's another 2 MPC meetings between now & Christmas ?
Agreed but whenever I make that point on here I get criticised
Also, it is way less than the rate of inflation
I guess some people don't want to risk equities
-
- Lemon Quarter
- Posts: 1589
- Joined: November 4th, 2016, 3:54 pm
- Has thanked: 33 times
- Been thanked: 477 times
Re: Kent Reliance Savings Bonds - 1 year and 2 year rates
On reflection I can understand how someone might want to put money into a fixed rate bond now and then next month open another fixed rate bond & put in additional money when rates have risen. Then again in 2 months when rates rise again. But for those with limited savings I don't understand why they are even looking at a fixed rate bond at the moment.
There are lots of people who don't want to risk equities, me included. When you reach your 70's you really shouldn't risk to much of your next egg.
There are lots of people who don't want to risk equities, me included. When you reach your 70's you really shouldn't risk to much of your next egg.
Return to “Bank Accounts Savings & ISAs”
Who is online
Users browsing this forum: No registered users and 5 guests