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55 Plus

An interest-earning transaction account for ages 55 and over.

Interest rates1


For deposits $100,000 and over

For deposits $10,000 - $99,999

For deposits $0 - $9,999

Open a 55 Plus Account online in under 5 minutes

Why choose the 55 Plus Account?

With this account exclusively for customers aged 55 and over, it’s easy to earn interest on your balance every day, enjoy unlimited transactions and much more.

$0 monthly account keeping fee, no minimum balance required

Earn interest on all funds in your account on a stepped basis

Protection against fraudulent transactions with Internet & Mobile Banking2

Free personal and bank cheques

Save on everyday items with Suncorp Benefits.
Eligibility criteria and limits apply.

Access higher interest rates with our flexiRate option

So many ways to access your money

With a 55 Plus Account, there are no monthly account keeping fees and no withdrawal limits, so you’ll feel confident making payments or transferring and withdrawing funds as often as you need.

Suncorp Bank ATMs

Access your cash at any Suncorp, rediATM or the Big 4 banks’ ATMs fee free


Convenient banking with Australia Post wherever you live

Visa Debit

Shop online, overseas, or ‘wave and go’ with Visa payWave, Google Pay or Apple Pay 

Mobile App

Safe, secure & easy mobile banking, including our Mobile Banking App

Internet Banking

Fast, easy & unlimited transactions

Store and telephone

Make the most of unlimited transactions

Mobile payments give you more ways to pay


Pay on the go in-store or online using your smart phone thanks to Apple Pay and Google Pay, available to use with your Suncorp Visa Debit Card.

Rates and fees

Stepped interest rates




Monthly account keeping fee


All Suncorp Bank Transactions


Using other banks' ATMs

Suncorp customers have access to fee-free rediATMs Australia wide. You can also withdraw cash from the big four banks’ ATMs fee-free. Withdrawals and enquiries at other 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.

Electronic transfers to other banks


Bank cheque purchase



Payment Honour or Dishonour Fee



Boost your savings with flexiRates

You could earn higher interest by choosing to lock a portion of the money away in your sub-account for up to 12 months. flexiRates can easily be set up and managed in Internet Banking.

See our latest flexiRates


IRM{flexirates.2.2} ~

How to apply

Applying online

Applying online is simple and takes less than 5 minutes.

You’ll need:

  • Your Driver’s licence, Medicare card or Passport
  • A valid email address

Joint applicants may apply online however you will both need to visit a store or Australia Post office to verify your ID before you receive full access to your account.

Applying in store

We will need to confirm your identity when you visit the store so please take a moment to read our personal identification requirements


At least one of the account owners must be 55 years of age or over and a permanent resident of Australia

Want to find out more?

Product Information Document

For more details about this account download our Product Information Document

Compare Everyday Accounts

Use our comparison table to easily compare all Everyday Account features side by side

Savings Calculator

Use our Savings Calculator to see how much you could save

Open an account online in minutes

Or you can contact us so we can assist you

Things you should know

Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Please read the Product Information Document for Personal Deposit Accounts before opening an account. Fees, charges, terms and conditions apply and are available on request. 

Apple, the Apple logo, Apple Pay, iPhone and the App Store are trademarks of Apple Inc.

Android, Google Pay and the Google Logo are trademarks of Google LLC.


2. Suncorp Online Protection Guarantee.  When using Suncorp Internet Banking and Mobile Banking, you are protected against loss from transactions you didn’t make or approve as long as you adhere to the applicable Internet Banking Terms and Conditions, Suncorp App Terms and Conditions, or Suncorp Bank App Terms and Conditions. You need to ensure you keep your Secret Codes including Customer ID, passwords, passcodes and security token codes private, don’t contribute to the loss and let us know immediately as soon as you discover a loss.

~ Displayed rate is based on a rate currently available for a 3 month flexiRate. flexiRates are available on 55 Plus accounts. If a flexiRate is not set up, the standard variable 55 Plus account interest rate will still apply.

Flexi Rate

flexiRates allows you to earn higher interest rates by locking away a portion of your savings for periods up to 12 months.

Stepped Basis

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.

Got a Question?

Ask Scout, the Suncorp Virtual Assistant