The Finance Algorithm
Rabobank

PurposeSaver (SMSF)

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

Savings & transaction accountsBank updated 13 May 2026
At a glance
Base rate
2.65%
Monthly fee
$0
§ 01 — Rates · 5
TypeApplies toTermBandRateComparisonConditions
VariableStandard Variable Rateup to $250,0002.65%paid every 1 mo
VariableStandard Variable Rate$1,000,000–$2,000,0002.65%paid every 1 mo
VariableStandard Variable Rate$2,000,000–$3,000,0002.65%paid every 1 mo
VariableStandard Variable Rate$250,000–$1,000,0002.65%paid every 1 mo
VariableStandard Variable Rate$3,000,000+2.65%paid every 1 mo
§ 02 — Fees · 1
FeeTypeAmountWhenNotes
Account keeping feePeriodicNo feeEvery 1 mo
§ 03 — 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.
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Each SMSF trustee owner of an account must be residing in and tax resident of Australia.
  • · SMSF trustee 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.

Published by Rabobank under the Consumer Data Right, last changed by them on 13 May 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.