Northern Rock Launches Market-Leading Instant Access Branch Saver

<div> <p><span class="xn-location">NEWCASTLE UPON TYNE, England</span>, <span class="xn-chron">Feb. 10, 2011</span> /PRNewswire/ -- Northern Rock has launched a new issue of its instant access savings account designed for savers who wish to operate their account via a branch.</p> <p>The Branch Saver (Issue 4) <a href="http://www.northernrock.co.uk/savings/" target="_blank"><font color="#993399">savings accounts</font></a> will pay a market-leading annual interest rate of 2.05% gross*/AER** pa variable. Alternatively, customers may wish to opt for the monthly interest rate of 2.03% gross* variable (2.05% AER**). &amp;nbsp; </p> <p>The account can be opened and operated through Northern Rock branches with a minimum opening balance of 1 pound. Additional deposits can be made up to the maximum balance of 250,000 pounds. Only one account per customer per issue is allowed.</p> <p>Interest can be paid annually on 31 July. Alternatively, interest can be paid monthly on the last day of the month (available first business day of the following month or three days following this if the funds are sent via BACS to an external account).</p> <p>Unlimited, charge-free withdrawals and transfers are permitted (there is a 35 pound fee for transfers and withdrawals by CHAPS).</p> <p>Northern Rock has a network of 74 branches across the UK. A branch locator is available on Northern Rock's website.</p> <p>Please note:</p> <p>This information is directed at professionals only and should not be relied upon by any other persons. It is not a financial promotion and should not be displayed as such.</p> <p>Notes to Editors:</p> <p>* Gross is the rate of interest paid to eligible non-taxpayers without deduction of tax. Interest will be paid net of tax unless account holder is eligible to receive interest gross and submit the required registration form to us.</p> <p>** AER stands for Annual Equivalent Rate and shows what the interest rate would be when interest is paid and added to the capital balance each year.</p> <p>About Northern Rock:</p> <p>Northern Rock plc is a new bank,&amp;nbsp;authorised by the FSA as a deposit taker and <a href="http://www.northernrock.co.uk/mortgages/" target="_blank"><font color="#993399">mortgage</font></a> lender from <span class="xn-chron">1 January 2010</span>. It&amp;nbsp;offers a range of<a href="http://www.northernrock.co.uk/savings/" target="_blank"><font color="#993399"> savings</font></a> accounts to customers in the UK and <span class="xn-location">Ireland</span> and mortgage products to UK borrowers.&amp;nbsp;New products are offered&amp;nbsp;through both direct channels - including a national branch network - and mortgage intermediaries.</p> <p>Northern Rock continues to operate within the compensatory measures agreed with the EC as part of the State Aid approval announced in <span class="xn-chron">October 2009</span>.</p> <p>Northern Rock plc - Registered in <span class="xn-location">England</span> and <span class="xn-location">Wales</span> (Company No. 6952311).</p> <p>Registered Office: Northern Rock House, Gosforth, <span class="xn-location">Newcastle</span> upon Tyne, NE3 4PL.</p> <p>Authorised and regulated by the Financial Services Authority.</p> <div class="divOverflow"> <div style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in"> <table style="BORDER-TOP-STYLE: none; BORDER-RIGHT-STYLE: none; BORDER-LEFT-STYLE: none; BORDER-COLLAPSE: collapse; BORDER-BOTTOM-STYLE: none" cellspacing="0" cellpadding="1"> <colgroup> <col style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 2pt; PADDING-TOP: 0pt"> <tbody> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Media Contact:</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Jule Wilson</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Northern Rock House</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Gosforth</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Newcastle upon Tyne</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; TEXT-ALIGN: left"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">NE3 4PL</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in; WHITE-SPACE: nowrap"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0191 279 4676</span></p> </td> <td></td></tr> <tr> <td valign="bottom"> <p style="MARGIN: 0in"><a class="prnews_a" href="http://www.northernrock.co.uk/" target="_blank"><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"><font color="#000000">www.northernrock.co.uk</font></span></a><span class="prnews_span" style="FONT-SIZE: 8pt; FONT-FAMILY: Arial"> </span></p> </td> <td></td></tr> <tr> <td></td></tr></tbody></table></div></div> <p></p> </div>