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Compare Kent Reliance ISAs

Compare ISAs from Kent Reliance and other ISA options available.

Investment ISAs put your capital at risk & you may get back less than you originally invested

What you're looking for isn't available; however, these brands may offer suitable alternatives

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds. Special offer: Open an ISA with £1,000 or more before Sunday and be in with a chance to win £100 of free trades. New customers only. Terms apply. Capital at risk.
  • Invest From: £25 pm
See Deal Special offer: Transfer an ISA worth £10,000 or more before 30 June and get £100 cashback. New customers only. Terms apply. Capital at risk.

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 3,000 funds, shares, investment trusts and more to build your portfolio. Capital at risk.
  • Invest From: £25 pm or £100 lump sum

Stocks & Shares ISA

from Best Invest

ISA Option
Allows ISA Transfers
Regular Savings
  • Fund Choice: Over 2,500 funds, UK shares, investment trusts and ETFs or choose Ready Made & Managed Portfolios
  • Invest From: No minimum

Stocks & Shares ISAs

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK. With online guidance tools and expert fund ideas to help you choose. Capital at risk
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100
See Deal Zero Platform Fees - Until the end of the 2022/23 tax year if you open your ISA by 30 April 2022. 0.25% max when promo ends.

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500
See Deal Up to £400 for all new users that create an account until the end of April

Stocks & Shares ISA

from InvestEngine

Allows ISA Transfers
Regular Savings
  • Fund Choice: Offering commission-free DIY investing or low-cost, professionally managed income or growth portfolios built for you
  • Invest From: £100

My Choice ISA

from Scottish Friendly

Allows ISA Transfers
Regular Savings
  • Fund Choice: A choice of 10 funds so you can pick those that best suit your needs, whether that is just one, a mixture of all 10 or somewhere in between.
  • Invest From: £10pm

Stocks & Shares ISA

from Beanstalk

Allows ISA Transfers
  • Fund Choice: Choose from two funds: a cash fund that aims to provide returns in line with money market rates and a shares fund that aims to track the performance of global stock markets.
  • Invest From: £10

Stocks & Shares ISA

from Willis Owen

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from a wide range of funds, shares, investment trusts and ETFs. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.
  • Invest From: £25

Investment ISA

from Barclays Smart Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in over 2,000 funds, plus Exchange Traded Funds, Investment Trusts, Shares and more. 5 Ready-made Investment funds if you’re not sure where to invest. Capital at risk.
  • Invest From: Any amount

Who are Kent Reliance?

Kent Reliance are a banking and financial services provider based in Kent, England. Founded in 1898, today they operate as a trading name of OneSavings Bank plc, a financial services company currently listed on the FTSE 250.

Kent Reliance provide customers with a range of financial services, including savings accounts and ISAs, bonds, business savings accounts and mortgages.

They provide two types of Cash ISAs for personal investors: fixed and variable rate ISAs.

What is an ISA?

An ISA account is a savings or investment account that shelters your money from UK tax.

There are two main types of ISA accounts: Cash ISAs and Stocks and Shares ISAs.

Cash ISAs

A Cash ISA is a savings account that provides you with interest on your cash balance. Interest rates are either fixed or variable depending on whether you can access your account for withdrawals.

Generally, fixed interest ISA rates are higher than variable rates, but you don’t get as much flexibility to withdraw.

Stocks and Shares ISAs

Stocks and Shares ISAs are investment accounts that put your ISA funds directly into the stock market.

You can either pick funds and shares to invest in yourself, or you can invest in a managed ISA portfolio controlled by an investment professional.

The potential for returns is much higher compared to Cash ISAs; however, your investments are at risk of going down in value as well as up.

What are the tax advantages of an ISA?

HMRC sets a limit on how much money you can contribute to ISAs each year. For the current tax year, the annual ISA allowance is £20,000 per person.

All ISAs are completely free from the following forms of tax:

  • Income Tax – this is usually paid on the interest from your savings accounts and dividends from your stock market investments
  • Capital Gains Tax – this is usually paid on the growth of your stock market investments

Even when you withdraw money from an ISA account, you never have to pay any tax.

What types of Cash ISAs do Kent Reliance offer?

Kent Reliance’s Cash ISAs vary based on the flexibility of withdrawals and the interest rates they provide.

There are two main types of Kent Reliance Cash ISAs: fixed-rate ISAs and variable-rate ISAs.

Fixed-rate Cash ISAs:

In a Kent Reliance fixed-rate ISA, your savings are locked away for a specified number of years.

During this fixed term, you can’t make withdrawals without being charged or losing some of your interest.

Fixed term interest rates are generally higher than variable rates and the longer your term, the higher rates you get. However, you lose a portion of your earned interest if you withdraw early.

Variable-rate Cash ISAs:

Variable-rate Cash ISAs, or easy-access Cash ISAs, are more flexible accounts.

You are not locked into a fixed term and can usually withdraw at any point.

However, interest rates are lower compared to fixed-term products because of this greater flexibility.

What are the important ISA rules?

It’s a good idea to know about the restrictions of ISA accounts before you invest – here are the key rules to know:

  • The ISA allowance is £20,000 for the current tax year - you can’t add more than this
  • Your allowance is split between all types of ISAs, meaning you can contribute £10,000 to a Stocks and Shares ISA and £10,000 to a Cash ISA
  • You cannot add money to more than one Cash ISA or Stocks and Shares ISA in the same tax year
  • You can add money to more than one Cash ISA or Stocks and Shares ISA in different tax years
  • Transferring your existing ISAs to new ISA accounts doesn't qualify as a contribution, so it won’t take away from your ISA allowance
  • Your ISA allowance doesn’t roll over – you don’t keep what you don’t use
  • The allowance refreshes each tax year on 6 April

Who can open a Kent Reliance ISA account?

  1. You must be over 18 to open a Kent Reliance ISA
  2. You can only open an account for yourself
  3. You’ll need your National Insurance Number and some basic personal details
  4. You must be a UK resident
  5. You must have a UK current account

How do I open a Kent Reliance ISA account?

The easiest way to open a Kent Reliance ISA is online.

You’ll need to have the above information to hand, along with the details of any existing ISAs you want to transfer in.

If you get stuck during the application process, you can speak to the Kent Reliance support team for help.

Your ISA account is officially open when you make your first contribution.

Sam Hodgson
Edited by Sam Hodgson - ISA.co.uk

Frequently Asked Questions

No. You can switch providers with an ISA transfer if you wish. You can also contribute to other ISA providers in separate tax years.

ISA accounts are authorised and regulated by the Financial Conduct Authority (FCA). This means that all ISA providers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 if they go out of business.

Please note that this may not apply to the underlying holdings within a Stocks and Shares ISA, and will not cover standard investment losses. 

You can lose money in a Stocks and Shares ISA if your investments go down in value. You cannot lose money with a Cash ISA.

For Cash or Stocks and Shares ISAs, yes, although some Cash ISAs may charge a fee or void your interest if you surrender your policy before the fixed term has ended.

Most providers will allow you to withdraw from your ISA online, via a mobile app, telephone, or by written instruction in the post.

Most ISA withdrawals will complete in approximately five working days, but they could take longer depending on the assets you need to sell.

The annual ISA allowance is set by HMRC each year, and the current limit is £20,000 per person for the 2022/23 tax year.

The annual ISA allowance runs in line with the normal tax year, which is 6th April to 5th April the following year. Your ISA allowance will refresh on 6th April each year.

A Stocks and Shares ISA provider will charge an ongoing, annual platform fee as well as some ad hoc charges.

A Cash ISA could also charge if you withdraw money before the end of a fixed-term investment.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.