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Kent Reliance Offer To Fr Bond Holders

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Had a letter from Kent Reliance this morning re a Fixed Rate Bond I have maturing with them in Aug.

They're offering to extend the present rate I'm getting of 2.05% for another eight months because I'm a 'loyal customer'.....

Or are they anticipating a rise in mortgage/savings rates after the election, and wish to 'lock in' as many customers as possible for longer at current rates?

I've been saving in Bonds and ISA's for thirty years or more, and I've never had this offer before.

Or am I overthinking this, and suspecting a fine institution of a clever strategy where there is none?

Edited by juvenal

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