PurposeSaver (Trust)
Transaction & Savings AccountsData Sharing Status
Give your savings a boost with Purpose Saver savings account which offers flexibility and easy access to your money.
- Base rate
- 2.55%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Standard Variable Rate | 2.55% | Balance | monthly |
| Variable Standard Variable Rate | 2.55% | Balance | monthly |
| Variable Standard Variable Rate | 2.55% | Balance | monthly |
| Variable Standard Variable Rate | 2.55% | Balance | monthly |
| Variable Standard Variable Rate | 2.55% | Balance | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account keeping fee Charged monthly | Ongoing | $0.00 |
Features
- Digital banking
- Online and mobile banking.
- Notifications — Includes advanced notifications sent to clients.
- An alert about future events or notifications.
- 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.
- Unlimited transactions
- Unlimited free transactions available to clients.
Eligibility
- Minimum age — 18 yearsThe applicant must be an individual trustee who is at least 18 years old.
- Product is available only to Trusts, incorporated in Australia, meeting eligibility criteria.
- The Trust must have an Australian bank account in its name with another financial institution.
- All trustees of the Trust must be individuals.
- Trusts are able to digitally open a Purpose Saver Account after a High Interest Savings Account has been opened.
- Residency status — All trustees (maximum of three) of the Trust must be residing in and tax residents of Australia.
- Residency status — All settlors, appointors and beneficiaries of the Trust must be individuals, residing in and tax residents of Australia.
Constraints
- Minimum balance — $0.00
- 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 requirement.
- Funds can only be transferred externally to the nominated linked account.
More Information
Published by Rabobank under the Consumer Data Right · Last updated 13 May 2026 · Product ID 3d5836c9-9fd8-4489-8c1c-2c64fbd0032b · View on CDR.gov.au