www.oneaccount.com - Information
When The Royal Bank of Scotland joined forces with Virgin to launch the Oneaccount in 1998, the two companies shared the same vision of what a modern bank should be.
Over 100,000 customers later, the Oneaccount is firmly established as the smartest way to bank in the UK. Consider this:
• eight out of every ten homeowners with a mortgage and borrowings of more than £50,000 would be better off with the Oneaccount.
• 97% of our customers are satisfied with the oneaccount service
For historical reasons on this page it is called the Virgin One account but it is now (September 2003) fully owned by The Royal Bank of Scotland Group and technically called the Oneaccount.
The One account puts all your money in one place – from your mortgages and loans to your savings and current account – saving you thousands of pounds in interest charges and giving you the flexibility to live your life differently.
When you take out a mortgage, it’s not the rate you pay that’s important. What matters is the total amount of interest you pay over the time you’re borrowing. With the One account you use your income and savings to reduce your borrowings and minimise your interest payments. This could mean you repay your mortgage years earlier, saving thousands of pounds in interest costs.
Because the One account is secured against your home, you pay a single mortgage-style interest rate on all your borrowings - whatever you use the money for. You can transfer across any outstanding loan or credit card balances and instantly slash your monthly interest bill.
Any money you have in the One account works to reduce your borrowings i.e. mortgage, loan or credit card interest, saving you money. This gives you a return equivalent to the interest rate you pay on your borrowings - that's more than you earn in any conventional deposit account. Because you’re using your money to save interest rather than earn it, there’s no tax to pay. The One Account is a current account as well - which means you’ve got instant access to your money at all times.
Most people don't realise they're losing thousands by running their mortgage and current account separately. The smarter way to manage your money is to combine the two. That way, all the money that would normally sit idle in your current account works to reduce your borrowings. The Oneaccount calculates interest on your balance daily meaning you'll save interest even if you only reduce your balance for a few days. This can save you thousands in the long run.
The One account lets you get your hands on the equity tied up in your home at the same rate as your mortgage – up to the level of your facility, which could be up to 95% of the property value. So no more need for expensive personal loans or finance agreements.
The right way to manage your money is to put it all in one place. This gives you one balance that reflects your overall financial picture.
The One account keeps things simple. With the One Account their is no jargon such as - cashback, fixed, discounted, mortgage indemnity premiums, redemption periods, application fees, arrangement fees. All the costs are upfront so you know exactly where you stand. That makes things easier all round - so you can focus on the important stuff.
You can find a hundred companies who claim to offer you the best mortgage deal - the One account stands as one of the best to manage all your money.
The Oneaccount is a secured personal bank account with The Royal Bank of Scotland plc. Why not apply online now, save yourself the headache of waiting in a phone queue?
The One account is fully owned by The Royal Bank of Scotland Group and technically called the Oneaccount (it was called the Virgin One Account).
Click the link below and
click I'm new to the one account, then click apply
online and start a new application online. No need
to phone them as once you have filled in the form online they will contact you
on the phone within 24 hours :)
Keywords:
Virgin, virgin one account, rbs one account, theoneaccount, flexible mortgage, flexible loan, one loan, RBS one account, virgin money, virgin one, virgin loan, virgin mortgage, home loan, cheapest mortgage, one bank account, account mortgage one, virgin finance, account one virgin, account one, hector one, Royal Bank of Scotland one account, one current account, Virgin .com, Virgin UK, Virgin online, Virgin on-line,virgin wine internet, virgin website, virgin .com, virgin co.uk, www.oneaccount.com uk, www.virginoneaccount.com.