The plan is built on a model called 'Euro cost averaging'. It's a really simple idea designed to reduce the risks associated with one-off large investments. Instead, you invest a fixed amount on a regular basis over a longer period of time to help smooth out the ups and downs of the stock market.

This means you buy more shares when prices are low and less when prices are high, so you get a better average share price over time. It's a tried and tested theory that works well for investors who aren't comfortable trying to time the market.

Yeah, anyone already saving with RaboDirect can add an investment account and start investing within minutes.

You'll be asked a few simple questions like what you'd like to call your account (e.g. Holiday Fund), which savings account we should use to fund your account, how much you want to invest and which managed fund you'd like to invest in.

Everything's done online and there are no costs for opening or maintaining your account.

Every fund on our platform is independently rated by Morningstar and offered on an execution only basis, so we don't offer or charge investors for advice. Instead, we provide as much independent information as we can to help investors make informed decisions, take control and manage their costs.

You can use our online tools to help decide whether saving or investing is right for you and find out more about asset allocation and diversification from our podcast series.

We provide prospectuses and fact sheets for all our funds as well as past performance, historical pricing and lots more. There's bucket loads of information available free online but if you have a look and find you're still not sure where you should be investing, it might be an idea to talk to a financial adviser, even it's just to get you up and running.

We don't charge anything to create or maintain a RaboDirect Investment Account.

We do have entry and exit fees on managed funds but they're some of the lowest around.

Fund Managers generally allow distributors to charge up to 5% for selling their funds but we only charge 0.75% on entry and exit. So for every €100 you invest, €99.25 will be allocated - that's one of the best allocations you'll find in the Irish Market.

It's worth noting that we don't charge investors for cancelling orders if they haven't been executed and we don't lock investors in. You can buy and sell you funds whenever you like.

Everything is done online. If you save with us already you'll know the score, but if you're completely new it's worth reading a little more about the Digipass device our customers use.

All RaboDirect customers are given a dinky little Digipass and an individual PIN Code to make and approve all their transactions online. It's a unique security device that looks a bit like a small calculator, allowing us to offers the safest online banking system in Ireland.

You can find more info on our security here or have a look at our Digipass Demo to see how it works.