8.5

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Maximum variable rate: 3.85% p.a.
Base interest rate: 0.50% p.a.
Minimum deposit: $200

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

No account keeping fees - Reduces ongoing costs and keeps more of your savings.
Competitive interest rate incentive - Encourages regular growth of your balance to earn higher rates.
Automated regular savings plan available - Helps maintain consistent saving habits.

Cons

Limited flexibility for withdrawals - While funds are accessible, growth requirements may affect the interest earned.
Balance growth requirement for maximum rate - Must increase your balance by a set amount each month to earn the highest interest.

Details

Key details

Product Name	Rabobank SMSF PremiumSaver
Maximum Variable Rate	3.85% p.a.
Standard Variable Rate	0.50% 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.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Rabobank SMSF PremiumSaver information page
2. Rabobank SMSF PremiumSaver TMD

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Alison Finder

Editorial Manager, Money

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

Rabobank SMSF PremiumSaver

Pros

Cons

Key features

No monthly fees

Get rewarded with a higher rate

24/7 online access

No balance limits

Unlimited withdrawals

No account maintenance

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

Sources

Sources

Your reviews

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