Media Releases

Turn $5,000 into $1 million competition winner

23 April, 2010

Congratulations!

The winner of our turn $5,000 into $1 million competition is:

  • Euan Prentice, Coogee, NSW

The winning answer to the question "how would you turn $5,000 into $1 million?" was:

It may take a while, but I'd invest the $5,000, supplement it with a regular savings plan and invest in a range of Australian and international shares.

Thank you to all our entrants!

Related Links

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.

Read more

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.

Read more 4

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