Northern Rock Launches new Issue of its Easy Access Online Saver

NEWCASTLE UPON TYNE, England, June 1, 2011 -

Northern Rock has announced the launch of the latest issue of its easy
access savings account for customers wishing to manage their funds
exclusively online. E-Saver (Issue 6) is available now and pays 2.75% gross*
pa/AER**.

The new Northern Rock savings account (
www.northernrock.co.uk/savings/ ) can be opened with an initial
investment of GBP1 and E-Saver (Issue 6) allows subsequent deposits from as
little as GBP1. The account allows a balance of up to GBP100,000 and account
holders can choose to have their interest paid either annually on 11 March or
monthly (on 10th of the month. Monthly gross* is 2.72% pa variable).

Withdrawals from E-Saver (Issue 6) can be made via a nominated bank or
building society account without notice or charge (there is a GBP35 fee if
customers choose to transfer via CHAPS). The minimum withdrawal is GBP1 for
BACS transfers and GBP250 for withdrawals by CHAPS. Customers are able to
view their transaction history online.

Additional deposits can be made up to the maximum balance of GBP100,000
by electronic transfer. E-Saver (Issue 6) is strictly a limited issue and
will be withdrawn without notice.

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.

ENDS

Notes to Editors

*GROSS is the rate of interest paid to eligible non-taxpayers without
deduction of tax. Please note interest will be paid net of tax unless
applicant is eligible to receive interest gross and submits the required
registration form

**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

About Northern Rock

Northern Rock plc is a new bank, authorised by the FSA as a deposit taker
and mortgages (www.northernrock.co.uk/mortgages/ ) lender from 1
January 2010. It offers ISAs (
www.northernrock.co.uk/savings/Find/Results/ISAs/ ) and other savings
accounts to customers in the UK and Ireland and mortgage products to UK
borrowers along with a simple online mortgage calculator (
www.northernrock.co.uk/Mortgages/Find). New products are offered
through both direct channels - including a national branch network - and
mortgage intermediaries.

Northern Rock continues to operate within the compensatory measures
agreed with the EC as part of the State Aid approval announced in October
2009.

    Media Contact:
    Jule Wilson
    Northern Rock House
    Gosforth
    Newcastle upon Tyne
    NE3 4PL
    +44(0)191-279-4676

www.northernrock.co.uk

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