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pounds KENT Reliance Building Society has launched a oneyear fixed-rate bond paying an impressive 3.
Kent Reliance Building Society has RPI plus 2% with its five-year Inflation Linked Cash ISA on investments from pounds 2,500.
Kent Reliance Building Society (KRBS) hopes the deal will take place next year, if it can get member backing and the necessary regulatory approval.
Mike Lazenby, former sales and marketing director of the country's biggest mutual and now chief executive of the much smaller Kent Reliance Building Society, hit out at a conference on the benefits of mutuality.
The Kent Reliance building society has just launched an interest-only mortgage that never has to be repaid.
Separately, JC Flowers is also expected to invest GBP50m into the UK's Kent Reliance Building Society (LSE: KRB), the report said, without citing sources.
Mutual Kent Reliance Building Society (KRBS) has been in talks with JC Flowers - the investment firm which considered a bid for stricken Northern Rock in 2007 - for nine months.
75% for two years from Kent Reliance Building Society, and 4.