PurposeSaver

Give your savings a boost with Purpose Saver savings account which offers flexibility and easy access to your money.

Savings & transaction accountsBank updated 13 Oct 2026

At a glance

Base rate: 3.40%
Monthly fee: $0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 2.25%

0%1%2%3%4%

This account: 3.40%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
No bonus conditionsPaid whatever you deposit or spend	3.40%	4.80%MoveBank's Online Saver	2.25%of 61 institutions	19th highest of 61

Rates

Every rate Rabobank publishes for this account, 5 in all.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
VariableStandard Variable Rate	-	-	up to $250,000	3.40%	-	paid every 1 mo
VariableStandard Variable Rate	-	-	$1,000,000–$2,000,000	3.40%	-	paid every 1 mo
VariableStandard Variable Rate	-	-	$2,000,000–$3,000,000	3.40%	-	paid every 1 mo
VariableStandard Variable Rate	-	-	$250,000–$1,000,000	3.40%	-	paid every 1 mo
VariableStandard Variable Rate	-	-	$3,000,000+	3.40%	-	paid every 1 mo

Rate changes

5 changes logged, newest first.

Date	Rate	Was	Now	Change
14 Oct 2026	Variable, up to $250,000	3.25%	3.40%	up 0.15
14 Oct 2026	Variable, $1,000,000–$2,000,000	3.25%	3.40%	up 0.15
14 Oct 2026	Variable, $2,000,000–$3,000,000	3.25%	3.40%	up 0.15
14 Oct 2026	Variable, $250,000–$1,000,000	3.25%	3.40%	up 0.15
14 Oct 2026	Variable, $3,000,000+	3.25%	3.40%	up 0.15

Each change is logged the night it appears in the rates Rabobank publishes. See how every lender answered the RBA on the rate tracker.

Fees

One fee published, grouped by when they're charged.

While you hold it1

Account keeping fee
No fee

Features

Digital bankingUnlimited transactions

From February 1 2012, the Financial Claims Scheme applies to eligible deposits with a balance up to $250,000 per account holder, per Authorised Deposit-taking Institution.

Eligibility and limits

Minimum age 18
Residency: Each individual owner of an account must be an Australian tax resident and residing in Australia.
Available to individuals
Individual and Joint account owners are able to digitally open a Purpose Saver Account after a High Interest Savings Account has been opened.
New customers are required to open and maintain a High Interest Savings Account (HISA) which is a variable rate at-call savings account which does not charge fees and has no minimum balance requireme…
Funds can only be transferred externally to the nominated linked account.

Compare it with others

All savings & transaction accounts Other Rabobank savings & transaction accounts Everything Rabobank publishes

Put this product through a calculator

Published by Rabobank under the Consumer Data Right, last changed by them on 13 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.