Media Releases

White Christmas becomes reality for Sydneysiders

17 December, 2010

Sydney's Foreshore was covered by a blanket of snow this morning for the first time ever in Australian history. The winter wonderland was courtesy of online savings bank RaboDirect who wished Australia a Happy Christmas.

Using 100% environmentally-friendly snowflakes, the bank brought some fun and festive cheer to passers-by on the forecourt of Customs House at iconic Circular Quay. The event was streamed live enabling the rest of the nation to experience the enchanting Christmas scene, once immortalised by Bing Crosby in 1941.

Greg McAweeney, RaboDirect General Manager said: "RaboDirect wishes customers and staff a safe and happy holiday and a prosperous 2011."

"Although snow fell in parts of NSW and VIC in 2006, it hasn't fallen in Sydney since 1836. We're delighted to have helped make dreams come true as we head into the festive season," he concluded.

The concept was developed by RaboDirect's creative agency WHYBIN\TBWA\TEQUILA\, as part of its ongoing marketing campaign to raise the bank's profile within the Australian market.

The typically hot Australian summer season in which Christmas falls puts the chances of Sydney experiencing a genuine White Christmas at odds estimated to be well over 1,000,000-1.

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RaboDirect Blog

19 December, 2011

Getting your SMSF right helps keep the tax man happy.

With RaboDirect’s recent launch of its Online Self Managed Superannuation Fund (SMSF) Service, I suspect it won’t be too long before many initial enquiries convert across to new SMSF funds. The SMSF arena is the fastest growing area of superannuation in Australia and there’s nothing on the horizon to suggest it will slow any time soon.

25 July, 2011

The pitfalls and the positives of auto-rolling term deposits

If you are a fan of term deposits (TDs) with their guaranteed rates and fixed terms, you may well be choosing to, either consciously or unconsciously, ‘auto-roll’ (re-invest) your investment when it matures. This means that when you took out a TD investment, you agreed to let your bank (or other TD provider) reinvest that money into another investment of the same term if you don’t notify them to the contrary before maturity.

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