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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

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variable rate

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1

Standard interest variable rate

+

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.

Find out more

Open now

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

View all interest rates

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.

Find out more

Lock away savings

Term Deposits

Enjoy the certainty of traditional term savings.

3

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

View all interest rates

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.
  • Single applicants can open a Term Deposit online. Joint applicants under 18s please call us 13 11 55 or visit a branch.
  • Your Term Deposit will be funded from an eligible linked Suncorp Bank Account providing it has a balance of at least $5,000.

Find out more

Open now

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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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
Personal Banking

BSB: 484-799
Swift-Code: METWAU4B

Business Banking

Legal information  Privacy policy  Cookie & data policy  Accessibility  Sitemap

© Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (“Suncorp Bank”). Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. In accessing Suncorp's site you agree to our Online Terms & Privacy Statement. Please ensure that you read these before accessing the site.

COOKIE AND DATA POLICY
We use cookies and other related technologies to improve and tailor your website experience. See our Cookie and Data Policy. This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous.

Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statements before you make any decision regarding these products. The Target Market Determination are also available. Copies of historical TMDs for credit card products can be obtained by calling 13 11 55.