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Savings Accounts & Term Deposits

Smarter banking from
Money magazine's Bank of the Year

Why choose a Suncorp Bank savings account or term deposit?

No monthly fees,

with no deposit requirements or other strings attached

Earn interest on
every dollar

No minimum monthly deposit required to earn interest

Safe and

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

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.

Find out more

Open now

Open now in under 5 minutes

Set aside savings


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


fixed rate

Why a flexiRate?

  • Get a higher return on savings in your Everyday Options 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.
  • Everyday Options Account customers can easily set up and manage a flexiRate online.

Find out more

Lock away savings

Term Deposits

Enjoy the certainty of traditional term savings.


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 will apply.
  • Set up a Term Deposit in-branch or by phone.

Find out more

Benefits of banking with us

No ATM Operator Fees
Fee-free# withdrawals at Suncorp Bank ATMs, atmx ATMs, plus the Big 4 ATMs

Easy online banking
Bank your way with the award-winning Suncorp App and Suncorp Internet Banking

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 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.

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

# 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