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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
variable rate
=
Standard interest variable rate
+
Bonus interest variable rate
Open now in under 5 minutes
Set aside savings
flexiRates
Reduce the temptation to spend by setting aside savings in your Everyday Options Account.
fixed rate
Why a flexiRate?
Lock away savings
Term Deposits
Enjoy the certainty of traditional term savings.
fixed rate for balances $100,000 - $999,999
Why a Term Deposit?
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 Product Information Document for Personal Deposit Accounts (PDF 255KB) and Term Deposits (PDF 186KB) before opening an account. Fees, charges, terms and conditions apply and are available on request.
# Terms and conditions apply. Find out more on our Suncorp Bank ATMs page.
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