Published: 00:00, 12 May 2014 |
Updated: 09:35, 12 May 2014
New Kent Reliance customers will be able to top up their ISA accounts to a new £15,000 limit, even if they open the account before new rules come in on July 1.
ISA limits will increase from £11,520 to £15,000 under proposals announced in the Budget this year.
Most savings accounts restrict how, when and where savers can make deposits.
The flexibility of Chatham-based Kent Reliance’s products remains it’s unique selling point.
The lender has also confirmed transfers from other banks will be accepted in both cash and stocks ISA, provided they are completed within 30 days of the account opening.
The news comes days after Kent Reliance’s parent company OneSavings Bank announced it intends to float on the London Stock Exchange.
Sales and marketing director John Eastgate said: “We understand that the current interest rate climate is hard on savers so making the most of the tax free savings allowance is very important.
“Choosing the right account is difficult but we believe it shouldn’t be made even harder by inflexible restrictions on how you manage your savings.”
Kent Reliance is a trading name of OneSavings Bank, which was formed in 2011 from the trade and assets of Kent Reliance Building Society.
Every morning at 10am we play you an hour of tunes from the 90s. We call it, #WeLoveThe90s.
Play 'Say It' with Garry and Laura on kmfm Breakfast and you could win £1,000!
Wake up to kmfm Breakfast with Garry and Laura - it's Kent's alarm call.
Your No1 guide to getting married in Kent. From dresses to discos and venues to veils, we've got everything you could possibly need for your big day
Education, Training & Childcare is a special supplement published by KM Media Group four times a year. Click here for latest e-edition.
A guide for your future. For year 11 students in Kent and Medway. Click here for the e-edition.
Get the latest food and drink news, recipes from some of the nation's top chefs plus updates from Kent's vineyards and breweries.
Search in your local area to find your perfect partner in Kent, with FreshStart Dating!
PLUS, register for free!.
Read our pick of the best holiday destinations. Whether its a weekend break, or something a little bit longer, we have reviewed a wide range of holidays.