PurposeSaver
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
- 3.25%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Standard Variable Rate | 3.25% | Balance $0–$250,000 | monthly |
| Variable Standard Variable Rate | 3.25% | Balance $250,000.01–$1,000,000 | monthly |
| Variable Standard Variable Rate | 3.25% | Balance $1,000,000.01–$2,000,000 | monthly |
| Variable Standard Variable Rate | 3.25% | Balance $2,000,000.01–$3,000,000 | monthly |
| Variable Standard Variable Rate | 3.25% | Balance $3,000,000.01+ | 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 yearsEach individual owner of an account must be at least 18 years old.
- Individuals onlyAvailable 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.
- Residency status — Each individual owner of an account must be an Australian tax resident and residing in 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 87b11783-3b63-4f59-825e-7d0ecf58c763 · View on CDR.gov.au · View Source Data (JSON)