With Suncorp eOptions you get the benefits of a high interest online savings account, plus the flexibility of unlimited online transactions.
- Earn up to 7.80%p.a.*
- No minimum balance or deposit amount
- No monthly account keeping fees
- Choose fixed or variable interest, or both
eOptions is ideal for people looking to boost their savings, or are looking for smarter ways to get ahead. An eOptions account is ideal if you are saving for a particular goal (kids education, a holiday, deposit for a house).
eOptions is also ideal for Investors looking for stable returns.
You work hard for your money, shouldn’t your money work hard for you?
Accessing your money
You can access your money by transferring over the internet, from your eOptions account to your everyday account.
You can then withdraw your savings from this account at any time.
To help you save, we won’t be issuing you with an ATM card to access your eOptions account.
Interest Rate
eOptions
|
Interest Type
|
Annual Interest Rate
|
Standard Interest
(excluding flexiRate balances) |
6.50% p.a. |
Variable interest rate. Interest is calculated daily. Standard interest is paid monthly.
eOptions flexiRates
|
Interest Type
|
Annual Interest Rate
|
| 3 months |
7.15% p.a. |
| 6 months |
7.15% p.a. |
12 months
or choose your own end date, log onto Internet Banking for today's rates |
7.80% p.a. |
| 3 months special |
7.55% p.a. |
Interest is calculated daily. flexiRate interest is paid at the end of the flexiRate period. Maximum flexiRate period is 1 year. Interest rate is fixed for the flexiRate period on the nominated amount.
Fees
| Item |
Description |
| Account Keeping Fees |
Nil |
| Transaction Fees |
Nil |
| Early Release of a flexiRate |
An interest adjustment will apply in the event we agree to you releasing your flexiRate early. The interest adjustment is made according to the proportion of the term completed as outlined in the table below.
The interest adjustment amount applied depends on how early in the flexiRate term you request to release your funds. The interest adjustment 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 |
|
| Other Fees |
Fees apply for other services such as statement reprints – refer to the Product Information Document for full details. |
What happens at expiry of a fixed term?
Two things can happen:
- We can deposit your savings and your interest back into your account; or
- We can automatically re-invest your savings for the same time frame
The choice is yours, you simply tell us your preference during the application.
Banking products issued by Suncorp-Metway Ltd. ABN 66 010 831 722. Please read the Product Information Document before making any decisions regarding this product. Contact us for a copy.
*Rates effective 11/10/2008 and are subject to change without notice. Terms, conditions, fees and charges may apply and are subject to change.
