If you save in a cash ISA, you won’t pay any Income Tax on the interest you earn on the account. There are also ISAs that are invested in stocks and shares. The Government allows you to open one of each, every financial year, subject to the maximum allowance. At Northern Rock they offer a range of ISAs to meet your needs needs.  As from 6th April 2010, the ISA limits were raised to £10,200 of which £5,100 can be saved in a cash ISA for all ISA customers.

ISA Products	AER	Minimum Investment	Information
1 Year Fixed Rate E-ISA	3.00%	£1	Fixed interest rate until 24 March 2012, No initial deposit required however balances under £500 will earn an interest rate of 0.10% gross p.a.
1 Year Fixed Rate Cash ISA	3.05%	£500	Invest from £500 up to a maximum of £5,100 each tax year, whilst the Fixed Rate Cash ISA is available to new customers. Once the issue is withdrawn you will be able to deposit additional funds for a period of 30 days' only.
2 Year Fixed Rate E-ISA	3.20%	£1	Fixed interest rate until 24 March 2013. No initial deposit required however balances under £500 will earn an interest rate of 0.10% gross p.a.
E-ISA	2.65%	£1	Variable rate of interest, Account access 24/7 online, Allows transfers in from existing Cash ISAs and No-notice access to your money.
EASY ISA	2.50%	£1	Open with an initial deposit of £1 and can be operated at a Northern Rock branch or via post.
3 Year Fixed Rate E-ISA	3.55%	£1	Fixed interest rate until 24 March 2014, No initial deposit required however balances under £500 will earn an interest rate of 0.10% gross p.a. Once the issue is withdrawn additional funds can be deposited for a period of 30 days' only.
5 Year Fixed Rate Cash ISA	4.30%	£500	Invest from £500 up to a maximum of £5,100 each tax year, whilst the Fixed Rate Cash ISA is available to new customers. Once the issue is withdrawn you will be able to deposit additional funds for a period of 30 days' only.

The Government has completed a review of the temporary guarantee arrangements they put in place in 2007, which covered all retail savings in Northern Rock. 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. Fixed term accounts in existence on 24 February 2010, retain the Government savings guarantee for the remaining term of the productVariable rate accounts in existence on 24 February 2010 retained the Government savings guarantee until 24 May 2010. From this date customers have the same level of cover as savers with other UK banks and building societies. The Financial Services Compensation Scheme provides cover up to £85,000 per person. Northern Rock is Government owned and regulated by the FSA.