The One Account makes your money work for you, and make them work harder. It can help you repay your mortgage early, save money and give you the financial freedom to bring your ‘one day’ that bit closer. The One Account is part of the Royal Bank of Scotland Group, which is one of Europe’s leading financial services groups.

The idea of the One Account is to reduce the amount of interest you pay on your mortgage by offsetting your savings against your borrowing.

Just by combining your income and savings account with your mortgage account you’re reducing your mortgage balance, so you only pay interest on the lesser amount. Over time this saves you money.

The One account is just as a normal current account, you have access to your cash at anytime you like. It’s the same with your savings, they’re there whenever you need them.

Because the One Account is flexible, you can overpay to clear your mortgage faster, or underpay or even take a break from your payments if you need to.

How you run your account is up to you as long as you repay your mortgage by the time you retire and stay within your borrowing limit, . One Account only offer one type of mortgage. This is set at a rate depending on how much you borrow and your current financial status.