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Savings Account – what does this mean for you?

You do not need to take any action.

All savings accounts have been transferred to the new company, Northern Rock plc. There are no changes to your terms and conditions as a result of the restructure and we will continue to look after your savings in exactly the same way as before.

We will have written to you confirming which company holds your account.

Retail savings guarantee

The Government's retail savings guarantee, which specifically covers all deposits made with Northern Rock, remains in place.

As a result of our good progress and the new bank’s strong capital and funding position, HM Treasury, in consultation with the Financial Services Authority (FSA), decided that this guarantee was no longer required and was removed on 24 May 2010.

Northern Rock UK savings customers benefit from the cover provided by the Financial Services Compensation Scheme.

How to contact us

Our contact details remain unchanged so please continue to deal with us in the way you do now.

 
 

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