The One Account Reviews
Newest Review: ... better then keeping them offset against your mortgage For more details see http://www.oneaccount.com. or http://en.wikipedia.org/wiki/Offset_mort gage When originally switching my mortgage it was all done via phone and post and was not that much hassle at all, you can use any branch of Royal Band of Scotland (though its rare i ever do only really to pay cheques in) obviously it also involves switching your current accounts and direct debits they did make a minor mistake when doing this but were more then happy to reimburse me the difference. They suppy you a cheque book, debit card and a visa payment card (this is a payment only card which d... more
Customer The One Account Reviews (4)
by - written on 07/03/10 (Very useful, 262 readings)
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I have had a one offset mortgage account for about 5 years now and have found it to be a excellent product all round. Basically for those who dont know an offset account places all your savings/ current account into one account that "offsets" against your mortgage as interest is calculated daily this means that most of the time your paying interest on a lower mortgage sum. So if your a tax payer your savings would have to have a high rate of interest paid to be better then keeping them offset against your mortgage For more details see http://www.oneaccount.com. or http://en.wikipedia.org/wiki/Offset_mortgage When originally switching my mortgage ... Read the complete review
by - written on 01/09/09 (Useful, 212 readings)
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We have been very pleased with the One Account which we opened five years ago. Transfering our mortgage was a very easy process. The interest rate on our savings account was much lower than our mortgage interest rate, so it made a lot of sense to use this money to offset our mortgage. This is exactly what the One Account allows you to do. By keeping all money usually in your current account and/or savings accounts in the One Account instead, your interest on your mortgage is reduced. This saving of interest will reduce the time taken to pay back your loan. Remember no saving account will pay you more interest consistantly than your mortgage company is charging you in ... Read the complete review
by - written on 05/01/09 (Very useful, 1201 readings)
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Had you asked me a year ago what I thought of the One Account, I would not have hesitated to say it was an excellent product. In addition to the whole concept of an 'offset' account suiting us financially, the customer service provided by the One Account was excellent. The phone line was always promptly answered and very helpful. The monthly statements were really informative, providing full details of money going in and out, as well as a graph to show the rate at which your liabilities were reducing or increasing and whether you were on target. I have always banked with the Royal Bank of Scotland and as far as I was concerned, I ... Read the complete review
Is this The One for you? (2505 words)by - written on 13/12/07 (Very useful, 2364 readings)
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***History*** In 1997 The Royal Bank of Scotland and Virgin Direct formed a joint venture and marketed "The Virgin One" to Virgin Direct's 200,000 customers and it was an immediate hit and so in 1998 it was marketed to the general public for the first time. Since then it has continued to be a huge hit. In 2003 it became known as "The One Account" and Virgin were no longer involved. From the regular TV ads and poster campaigns most people will have heard of the name but may not know exactly what it is. Web site is www.oneaccount.com. ***What Is It?*** An account that brings together your mortgage, savings, ... Read the complete review
