Rabobank PurposeSaver Summary
Description
Give your savings a boost with Purpose Saver savings account which offers flexibility and easy access to your money.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Applicants must be at least 18.
On this page
Details
Key details
| Product name | Rabobank PurposeSaver |
|---|---|
| Maximum variable rate | 3.40% p.a. |
| Ongoing interest rate | 3.40% p.a. |
| Base interest rate | 3.40% p.a. |
| Minimum age | 18 years |
Source: noren.com.au
All comparison details
| Base | 3.40% |
|---|---|
| Ongoing | 3.40% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 3.40% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 3.40% | This band only | All balances |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- No ongoing monthly deposit, purchase or balance-growth conditions in the reviewed pricing.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Rabobank.
- Each individual owner of an account must be at least 18 years old.
- Available only to Individual account owners or Joint account owners.
- Individual and Joint account owners are able to digitally open a Purpose Saver Account after a High Interest Savings Account has been opened.
- Each individual owner of an account must be an Australian tax resident and residing in Australia.
- Open and maintain a Rabobank High Interest Savings Account to hold this additional savings account.
- Personal/joint holders aged 18+, resident in Australia and Australian tax resident. Maintain a nominated external Australian account in the same name(s), access through Rabobank Online Savings/app.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.