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Summary

Be rewarded for saving regularly with bonus interest. Benefit from zero fees.

If you’re looking for a competitive savings account, Rabobank SMSF PremiumSaver account is an option worth considering. Featuring no fees at all to help you build your savings balance as quickly as possible, the account rewards you with a higher variable interest rate when you deposit $200 or more each month.

Pros

$0 opening balance.
No fees.
Online banking facilities.

Cons

Must meet the monthly balance increase of $200 to earn bonus interest.

Details

Key details

Product Name	Rabobank SMSF PremiumSaver
Maximum Variable Rate	4.10% p.a.
Standard Variable Rate	1.50% p.a.
Monthly Account Fee	$0
Minimum Opening Deposit	$0
Minimum Age	18

Key features

No monthly fees

There are no monthly or annual service fees to pay.

Get rewarded with a higher rate

If you deposit $200 or more into your PremiumSaver account each month, you'll receive a higher variable interest rate to help boost your savings balance. If you don't reach this minimum monthly deposit amount, you'll still receive Rabobank's competitive standard rate.

24/7 online access

Rabobank is an online bank, meaning customers can access their account online at any time and withdraw funds whenever they wish.

No balance limits

No minimum or maximum balance limits apply to this account.

Unlimited withdrawals

You can make as many withdrawals as you like without incurring any sort of fee.

No account maintenance

As you don't have to pay any fees or perform any ongoing maintenance, the Rabobank SMSF PremiumSaver is a 'set and forget' account.

Compare other Rabobank products

How to apply

As Rabobank is an online bank, the Rabobank SMSF PremiumSaver account can be applied for online by clicking 'go to site'.

Eligibility

You'll need to satisfy the following eligibility criteria in order to open an account:

You must be over 18 years of age
You must be an Australian resident

Documentation needed

You will need the following documents and information in order to complete your application:

The BSB and account number of an Australian bank account in the name of your SMSF
Your SMSF's Tax File Number
The names, dates of birth and residential addresses of any members of the SMSF

Your application can be completed quickly and easily online, though you can save a partially completed application to return to at a later date.

What happens after I submit my application?

A Rabobank high interest savings account will also be opened in your name. But don't worry, this doesn't charge any fees. You can then transfer funds from your everyday bank account into your PremiumSaver to start saving.

You will also receive a Welcome Pack and a DigiPass in the mail in a few working days.

The SMSF PremiumSaver account from Rabobank offers a number of attractive features for savers looking for a competitive savings account. Compare its benefits with other products on the market to ensure that you end up with an account that meets all your savings requirements.

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Rabobank SMSF PremiumSaver