Welcome to the RaboDirect blog

Submitted by Greg McAweeney on Thursday, 29 July 2010 | Category: Savings

The mislabelling of transaction accounts as savings accounts is just one of the factors that is compounding confusion around these products. Our GM explores this issue and shows that a real savings account is the only way to grow your money effectively. More >

Add or view comments  (8)  Trackbacks  (0)  Permalink

Submitted by Greg McAweeney on Wednesday, 14 July 2010 | Category: Savings

If you’re a regular reader of the Sydney Morning Herald or the The Age you may have seen a recent front page story criticising the banks for confusing customers with product names that could be potentially misleading. There is clearly a need for bank accounts to be “true to label”. More >

Add or view comments  (0)  Trackbacks  (0)  Permalink

Submitted by Tim Hewson on Thursday, 8 July 2010 | Category: Managed Funds

Just when things seemed to be on the path to recovery, Europe’s sovereign debt problems have dragged the global economy back into panic mode with the markets again returning to a state of perpetual flux. More >

Add or view comments  (3)  Trackbacks  (0)  Permalink

Submitted by Tim Hewson on Tuesday, 22 June 2010 | Category: Savings

In a previous blog, I discussed the need for the Federal Government to introduce real incentives to change the long-term savings behaviour of Australian financial consumers. More >

Add or view comments  (2)  Trackbacks  (0)  Permalink

Submitted by Greg McAweeney on Thursday, 10 June 2010 | Category: Savings

Australians are missing out on $4.7 billion of lost interest each year through leaving their savings in unsuitable bank accounts. Our GM explains what you must do to ensure your money is activated and able to grow. More >

Add or view comments  (7)  Trackbacks  (0)  Permalink

Submitted by Tim Hewson on Tuesday, 1 June 2010 | Category: Managed Funds

The Australian Bureau of Statistics (ABS) released its March 2010 quarterly Managed Funds figures last week showing that the size of the Australian managed funds industry grew by 2% ($32.5 billion) to $1.368.1 billion from $1,335.5 billion at the end of December 2009. More >

Add or view comments  (0)  Trackbacks  (0)  Permalink

Submitted by Tim Hewson on Tuesday, 1 June 2010 | Category: Savings

At the Australian Retail Deposits Conference held in Sydney recently, Senator Nick Sherry (Assistant Treasurer) admitted that the 50% tax concession for interest earned on savings accounts, bonds, debentures and annuities (up to a maximum of $1,000 each financial year)... More >

Add or view comments  (0)  Trackbacks  (0)  Permalink

Submitted by Shaun Cornelius on Wednesday, 26 May 2010 | Category: Savings

Welcome to my first post on the RaboDirect blog. I’m the CEO at Infochoice - a financial comparison site that allows consumers to compare savings interest rates, home loans, credit cards, term deposits, etc. More >

Add or view comments  (2)  Trackbacks  (0)  Permalink

Submitted by Greg McAweeney on Wednesday, 26 May 2010 | Category: RaboDirect

I’ve received quite a bit of feedback on my last post about our new ‘wake up rate’, and while I’ve responded to the individual comments, RaboDirect’s stance on promotional rates is clearly important to our customers and so worthy of its own post. More >

Add or view comments  (2)  Trackbacks  (0)  Permalink

Submitted by Greg McAweeney on Wednesday, 5 May 2010 | Category: RaboDirect

How often have we heard the expression, “money doesn’t grow on trees you know” usually said in reply to us pestering our parents for something that we felt we desperately needed as a child. More >

Add or view comments  (3)  Trackbacks  (0)  Permalink