One account and variants – Virgin launched a new type of account which is a bit like a check account secured on your home. The idea is that you put all your savings into the one account and only pay the interest on the net balance. It also means that you can bundle all of your borrowing together as well. For example if you have a car loan or credit card borrowing you can pay them all off via the account. There are a number of variants of this account some with separate accounts and the interest from one is offset against another but in general terms they are all versions of a theme.