Weekly Wrap: How things are changing

While the mainstream media did the bog standard stories about a big Dutch bank joining other banks in the online call account market the story is bigger than that – much bigger.

Good Returns looked into the launch in detail and has two stories on what Rabobank is doing, and why it is more than what others think. Also I have written a Blog which explains why I think it is more important than others make out.

Rabobank offers managed funds online
Three fund managers, AMP, Asteron and Tower, are hoping to sell more of their products direct to investors through Rabobank’s new online savings account launched today. [more]

Rabobank aims to shake market
Rabobank is determined to shake up the savings and investment market with the launch of a new product offering sharp rates, no fees, and flat interest rate structures. [more]