Holldoll

Okay, all you U.K. people. Have any of you heard of the One Account from the Royal Bank of Scotland?

We are looking at some options for paying off our mortgage and there is a product that is new to the U.S. but I guess has been in England and Australia for awhile.

Thanks!

Iwantone!!!

good luck babe xxx

Wobbles

All I know is Royal bank of scotland have issues and are desperate for customers ... now I can't think where and how I got that info! Also not sure if it was bank account bad reviews or mortgages too .. hmmm Im sure it was them!

UptonGirl

Hello, the one account mortgages basically put all your money into one - your credit cards, savings and mortgage. what they do is they offset all your savings against your mortgage so if you had say £20,000 worth of savings then you wouldnt pay interest on £20,000 of your mortgage. as it is all one account and your mortgage and bank accounts are all in one when you go to the bank and check your balance it looks like you are always in the negative as it shows your mortgage as a debt.they are only a good option, in my humble opinion, if you have a lot of savings to offset against the mortgage.also they take quite a bit to get used to - having all finances together like that.rbs have slightly higher rates at the moment as well and isnt very competitive on the market over in uk right now. goodluck with whatever you do, hope this helped a bit! xxxxx

KX

I wished I had 20k savings, I don't even have 2k, or £200

Good luck with whatever you decide xx