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Suncorp Bank announces Black Friday interest rate cut

13 February 2015

Suncorp Bank has proved today’s Black Friday to be lucky, announcing a portfolio of market leading mortgage packages, effective Friday, 13 February.

Further strengthening the competitive proposition of its multi award-winning* Home Package Plus product, Suncorp Bank has reduced interest rates across all one, two, three and five year fixed stand alone, fixed package and interest in advance products.

Suncorp Bank CEO John Nesbitt said the Bank’s diversified funding profile and access to deep funding markets, unavailable to many of its peers, put Suncorp in a strong position to support customers with industry leading rates.

“As Australia’s leading regional bank, we are committed to being the genuine alternative and helping our customers achieve their financial goals,” Mr Nesbitt said.

“Interest rates are at a generational low, making it a good time for those looking to enter the property market for the first time or upgrade their current home.

“Last year, our Home Package Plus product was one of the country’s most awarded home loan packages. To receive multiple industry endorsements really highlights our commitment to offering customers a flexible home loan package, which is not only great value but has a range of cost saving benefits too.

“We have reduced the interest rates across our suite of fixed packages to provide customers the flexibility to access highly competitive rates for their preferred term.”

Among the offers is a one, two or three year fixed interest rate of 4.39%p.a on the package product for new loans with less than 90% loan to value ratio.

The Suncorp Bank Home Package Plus product provides customers with flexibility and a wide range of benefits for customers by combining their home loan with other banking products available at a discount.

For more information on Suncorp Bank’s Home Package Plus Product visit:

Media Contact: Ashleigh Paterson 07 3135 2562 or 0407 925 665

About Suncorp: Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 15 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers.

*2014 AFR Smart Investor Blue Ribbon Award for Best Premium Banking Package, Canstar Outstanding Value award for Packaged Home Loans (Property Investors), Money Magazine Best of the Best Awards 2015 for Best Line of Credit Loan Bank and Cheapest Home Loan Package Bank.

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