Please note that the accounts below are no longer available to new or existing customers, however if you already hold an account we can accept additional deposits.

Effective from: 22/01/10	Tier1	Gross % p.a. 2&3	AER% 4	Notes
Offshore Tracker Online (Annual)	£5,000+	0.65%	0.50%

Effective from: 22/01/10	Tier1	Gross % p.a. 2&3	AER% 4	Notes
Offshore Tracker Online (Monthly)	£5,000+	0.40%	0.25%

Annual interest rate guaranteed to be no lower than 0.50% below the UK Bank Base Rate until further notice.  Monthly gross interest may be 0.25% below the annual gross rate.

1.  Balances that fall below the minimum opening balance of £5,000 will receive interest at the prevailing basic savings rate, currently 0.10% gross p.a.

2.  Interest can be paid gross, without the deduction of tax or, for EU residents without the deduction of the appropriate level. of retention tax.  Please remember you are responsible for declaring the interest earned to your tax authority.

If you are an EU resident you are responsible for choosing whether you want your interest to be subject to retention tax or exchange of information, in accordance with the EU Savings Tax Directive which came into effect on 1 July 2005.

3.  Gross rate includes an introductory bonus of 0.15%.  This will run from the date of the account being opened to the first working day of the seventh month following opening.  We will not write to you separately when the bonus expires. Please note that if you close your Offshore Online account and re-apply for this product, you will not qualify again for the introductory interest rate bonus.

4.  AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added to the capital balance each year.

                © Northern Rock (Guernsey) Limited 2008