Information about the UK Government savings guarantee

All savings in fixed term accounts opened before 24 February 2010, such as Fixed Rate Bonds, retain the UK Government savings guarantee for the remaining term of the product.

Fixed term accounts opened after 24 February 2010 are not covered by the UK Government savings guarantee.

How your savings are protected

With effect from 31 December 2010 you are protected by the UK Financial Services Compensation Scheme (the scheme). The scheme provides compensation of up to £85,000 per depositor in each regulated bank or building society.

As a result of the increased compensation limits we are no longer part of the Irish Deposit Guarantee Scheme.

Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet it's financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share, so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please contact our Dublin Administration Office, refer to the FSCS website www.fscs.org.uk or call the FSCS on +44 207 741 4100.

Northern Rock plc remains in UK Government ownership.

The savings guarantee was put in place by the UK Government as a temporary measure during a time of Company and market instability. Since then a great deal of progress has been made and Northern Rock has restructured to create a new, well-capitalised bank which provides customers with a safe home for their savings.

HM Treasury, in consultation with the Financial Services Authority (FSA), reviewed the guarantee and decided that the guarantee was no longer required and it has been, therefore, removed for existing variable rate and all new savings accounts.

Northern Rock savings customers in Ireland are protected under the UK Financial Services Compensation Scheme.

How your savings are protected

With effect from 31 December 2010 you are protected by the UK Financial Services Compensation Scheme (the scheme). The scheme provides compensation of up to £85,000 per depositor in each regulated bank or building society.

As a result of the increased compensation limits we are no longer part of the Irish Deposit Guarantee Scheme.

Important information about compensation arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a bank is unable to meet it's financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share, so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the scheme (including the amounts covered and eligibility to claim) please contact our Dublin Administration Office, refer to the FSCS website www.fscs.org.uk or call the FSCS on +44 207 741 4100.