Fees & Features of the RaboDirect 'Cash Advantage Fund' (CAF) - PIE Managed Fund.

It's not often you get a low risk investment where your interest compounds daily as opposed to monthly. The effect of this is an even higher effective interest rate.

*Our Daily Compounding Interest works like this - Interest on Fund's deposited compounds daily on Tuesday, Wednesday, Thursday and Friday. On Monday, three days' interest compounds (for Saturday, Sunday and Monday).

One of the best ways to make the most of the RaboDirect Cash Advantage Fund is to set up a 'Regular Investor Plan'.

This is a great way to keep your savings goals on track and once it is set up you don't have to worry about it.

How investing regularly works

Another unique tax benefit is that you pay tax annually. Unlike traditional deposit products where tax is paid monthly when interest is earned.

Here's how it works - Tax is automatically deducted from your account at the end of the tax year or during the year when you sell units.

Most banks give you the option to print off statements, but how many go as far as letting you print of your Tax Certificates as well?

At RaboDirect your Statements and Tax Certificates are generated dynamically and stored historically for your convenience. So when it's time to arrange your finances you can instantly print the copies you need.

From within your Savings Account we've made it ultra simple to transfer funds into a Term Deposit.

At RaboDirect our Term Deposits are created automatically for you. So there's no going into branches, filling out paperwork, picking up the phone or sending off instructions.

The hardest thing about investing in Managed Funds from your Savings Account is choosing which Managed Fund to invest in.

At RaboDirect we provide access to over 40 Managed Funds from 6 Fund Providers spread across 10 investment categories including Cash, Property and Equities. To get started simply find a fund that matches your appitite for risk.