Why choose the 55 Plus Account?
With easy access to your money, unlimited fee-free Suncorp Bank transactions, and interest paid on your account balance, the 55 Plus Account helps you make the most of your income and savings.
Current Interest Rate
On balances $10,000 - $99,999
With so many ways to access your money
Plus, we can help you track your spending with the Suncorp Bank Budget Tracker!
flexiRates Interest Rates
flexiRates allows you to earn higher interest rates by locking away a portion of your savings within your account for periods up to 12 months. You can choose a flexiRate time period and corresponding interest rate by simply logging in to Internet or Mobile Banking and selecting flexiRate from the menu. Please refer to the Product Information Document for more information.
Any flexiRate information will appear on your normal account statement.
Monthly account-keeping fee
All Suncorp Bank Transactions
Using other banks' ATMs
Withdrawals and enquiries at other (“non Suncorp Bank”) ATMs will incur the ATM Operator fee by the Financial Institution who owns the ATM. This fee will be charged immediately at the time of the transaction to your account.
ATM Operator Fee
Electronic transfers to other banks
Bank cheque purchase
Payment Honour or Dishonour Fee
Applying online is simple and takes less than 10 minutes. If you’re a single applicant and have sufficient ID, we should be able to verify your identity online and provide you with immediate access to your new account. Make sure you are at least 18 years old and a permanent Australian resident with an Australian residential address. Existing Suncorp Bank customers can save time and apply directly via Internet Banking.
- Your passport
- Your drivers licence
- A valid email address
Joint applicants may apply online however you will both need to visit a branch or Australia Post office to verify your ID before you receive full access to your account.
Applying in branch
We will need to confirm your identity when you visit the branch so please take a moment to read our personal identification requirements.
Make sure you are eligible
- At least one of the account owners must be 55 years of age or over and a permanent resident of Australia.
- To be eligible for a Suncorp Bank Visa Debit card you must be over 16 and a permanent resident of Australia. If not eligible you will receive a Suncorp Bank eftpos card.
Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Terms and Conditions, fees and charges may apply and are available on request.
flexiRates allows you to earn higher interest rates by locking away a portion of your savings for periods up to 12 months.
Includes over 1500 Suncorp Bank & Bendigo Bank ATMs
Interest is calculated on a ‘stepped’ basis, which means you'll earn interest based on the parts of your account balance which fall within a set dollar and interest rate range. Please see the interest rate tab for rates across all account balances. Interest is calculated daily and paid monthly.
flexiRate rates allow you to earn higher interest rates by locking away a portion of your savings within your account for periods up to 12 months.