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Savings Accounts & Term Deposits

Why choose a Suncorp Bank savings account or term deposit?

No monthly fees,
forever

With no deposit requirements or other strings attached

Earn interest on
every dollar

No minimum monthly deposit required to earn interest

Safe and
secure

Deposits up to $250k are guaranteed

Save every month

Growth Saver


Grow your savings faster with monthly bonus interest​.

Growth Saver interest rate

1

variable rate

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1

Standard interest variable rate

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1

Bonus interest variable rate

Why a Growth Saver Account?

  • Earn bonus interest every month you grow your net balance by $200 or more (excluding interest) and make no more than one withdrawal.
  • Good for saving steadily towards a goal, like a home deposit or a holiday.
  • Easy to set up and manage your account online.

Open now in under 5 minutes

Set aside savings

flexiRates


Eligible everyday accounts

flexiRates are available with the following accounts:

  • Everyday Options Main and Sub-accounts
  • Carbon Insights Main Account and Sub-accounts
  • Business Premium Account
  • Business Saver Account

    Reduce the temptation to spend by setting aside savings in your eligible Everyday Account.

2

fixed rate

Eligible everyday accounts

flexiRates are available with the following accounts:

  • Everyday Options Main and Sub-accounts
  • Carbon Insights Main Account and Sub-accounts
  • Business Premium Account
  • Business Saver Account

Why a flexiRate?

  • Get a higher return on savings in your eligible Everyday Account – and get started with as little as $1.
  • Choose a fixed term (1-12 months). If you need to access your money early, an interest adjustment will apply.
  • Get started and manage your flexiRates easily online.

Lock away savings

Term Deposits


Enjoy the certainty of traditional term savings.

3

fixed rate for balances $100,000 - $999,999

Why a Term Deposit?

  • Get a guaranteed return on savings you leave untouched for a set period. Invest from $5,000.
  • Choose a fixed term (between 1 and 60 months). If you need to access your money early, an interest adjustment and 31-day wait period may apply.
  • Individual applicants can open a Term Deposit online. Joint applicants and under 18s please call us 13 11 55 or visit a branch.
  • View, track and manage your Term Deposit alongside your other accounts in Internet Banking and the Suncorp App.

Open now in under 5 minutes

Benefits of banking with us

Easy online banking
Bank your way with the Suncorp App and Suncorp Internet Banking.

Security
We’re committed to protecting your personal information.


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

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2.
3. Advertised rates not available for alternative Interest Payment frequencies. Minimum investment $5,000. Negotiated Rates available for amounts over $2,000,000.

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Interest rates

 Interest is calculated on a 'tiered' basis which means that when your account balance exceeds the required amount, we will apply the higher interest rate to your entire balance

Offset capability

Use the balance in your savings and transaction account to offset the balance in your home loan. You’ll pay less, because the interest is calculated on the Home Loan amount minus the balance in your accounts. To put it simply, the larger the balance you hold in your Everyday Options account and Sub-accounts, the less interest you’ll end up paying on your home loan.

Choose how the interest is paid

Interest payment options depend on your Term Deposit term

Eligible everyday accounts

flexiRates are available with the following accounts:

  • Everyday Options Main and Sub-accounts
  • Carbon Insights Main Account and Sub-accounts
  • Business Premium Account
  • Business Saver Account