Save Safe

Although Offshore Tracker Online is a new way of saving it has been developed with security as a top priority.  We have implemented several layers of security and provide a high level of encryption.

Northern Rock (Guernsey) Limited is a wholly owned subsidiary of Northern Rock plc.  For the latest financial information about Northern Rock plc click here

European Savings Tax Directive

The European Savings Tax Directive may apply to you if you are an individual resident in an EU member state.  You can then choose whether you want your savings income to be subject to retention tax or whether you want us to pass on information about you and your savings income to the tax authority of the EU member state in which you are resident.  It is important to note that the default position is for retention tax to be applied.  Information exchange will only take place with the specific written authority of the customer.  If you are an EU resident you must therefore indicate on your application form whether you wish to opt for retention tax or exchange of information.  The choice of retention tax or exchange of information will apply to the whole of a calendar year.  Should you wish to change your choice in subsequent years, you will need to inform us in writing by 1 December each year.

Further details on the European Savings Tax Directive as applied in Guernsey, please read the ‘Guide to the European Savings Tax Directive as applied in Guernsey’ which  can be found on the GuernseyFinance website www.guernseyfinance.com/index.php?page=5

Remember

Northern Rock (Guernsey) Limited is incorporated and has its principal place of business in Guernsey.  It is licensed as a deposit-taker by the Guernsey Financial Services Commission under the Banking Supervision (Baliwick of Guernsey) Law 1994 as amended.

Northern Rock plc has voluntarily given a legal undertaking agreeing to discharge the liabilities of Northern Rock (Guernsey) Limited in so far as Northern Rock (Guernsey) Limited is unable to discharge them out of its own assets while Northern Rock (Guernsey) Limited remains a subsidiary of Northern Rock plc.  You would receive at least 6 months advance written notice of the termination of the legal undertaking if this company were to cease to be a subsidiary of Northern Rock plc.

You should include the amount of interest earned on your annual Income Tax Return.

If at any time you have any reason for complaint, please write to:

The Managing Director, Northern Rock (Guernsey) Limited, PO Box 521, St Peter Port, Guernsey, Channel Islands, GY1 6EQ

Existing Northern Rock plc customers: Please note that if you wish to transfer funds from an existing Northern Rock plc account, you will need to send funds by cheque or electronic transfer (CHAPS), which is subject to a charge.  No automatic transfer is possible.

Opening a Northern Rock (Guernsey) Limited Offshore Tracker Online account is subject to status and conditions.

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