flexiRates

Your high interest savings account can help you

Suncorp Bank’s flexiRate feature allows you to lock away a portion of your savings at a higher fixed rate of interest for a period of your choice. Available on selected personal and business savings accounts, flexiRates have been designed to maximise the amount of interest you can earn.

More Information:

FlexiRates ensure you earn a guaranteed rate of high interest, with the flexibility that allows you to select a rate, balance and term to suit you. For example, if you had $10,000 in your at-call high interest savings account, but knew you only needed access to $2,000 in the near future, you might wish to apply a 6 month flexiRate to the $8,000 you do not require and earn a higher fixed rate of interest on that balance.

You can also enjoy:

High Interest	Interest is calculated daily and paid at the end of the flexiRate period flexiRates are designed to take advantage of movements in the Australian Money Market, so rates may change frequently However, once you set up a flexiRate, your interest is fixed and guaranteed as long as the nominated period is completed View our current advertised flexiRates here. If you are interested in applying a flexiRate for a term not mentioned here, you can request a personalised term and rate via Internet Banking. See ‘To Apply’ section for more information.
No Fees	There is no account keeping or transaction fees payable on your flexiRate
Other Features	flexiRates are easy to setup and manage in Internet Banking The is no minimum balance required to set up a flexiRate You can choose any flexiRate period from 1 month to 1 year, to align with your savings goals You can apply multiple flexiRates to the one account Any flexiRate information will appear in your usual account statement

Early Release of a flexiRate:

Should we allow an early release of a flexiRate, an interest adjustment will apply. The interest adjustment is made according to the proportion of the term completed as outlined in the table below. This does not impact on your original flexiRate balance it simply reduces the amount of interest you will receive.

Proportion of Your flexiRate Period Completed	Interest Adjustment
0% - 25%	80% of the interest earned up to the early release date
26% - 50%	60% of the interest earned up to the early release date
51% - 75%	40% of the interest earned up to the early release date
76% - 100%	20% of the interest earned up to the early release date

Fees may apply for other services.

To Apply

flexiRates can be easily applied to your account using Suncorp Bank’s Internet Banking by following 3 simple steps:

1. Select flexiRates in the main menu on the left side.
2. Click on: ‘setup new flexiRate’.
3. Select the flexiRate options that best suits you.

Remember, we’re always here to help you with any of your banking needs. For more information please call us on 13 11 55 or visit our FAQ’s page.