Our flexiRate offers an interest that is fixed and guaranteed as long as the nominated period is completed.
Yes, all current flexiRates will show on your account statement, along with the applicable start and end dates, balances and interest rates.
The interest rate that applies to your automatically renewed flexiRate will be the current rate available for your allocated term at renewal time.
No, you can’t add money to a flexiRate until it’s released on your nominated end date.
No, unfortunately you cannot withdraw money from a flexiRate, as the interest rate is based on the money staying in your account for a fixed period. Instead, you can request an Early Release through the Suncorp App, Internet Banking, or the Suncorp Mobile Banking App, which allows you to access the entire portion of your funds.
Yes, if your account is operating in offset mode, you can still setup flexiRates on your Everyday Options sub-accounts.
Yes, you’re able to request an Early Release of the money that you previously locked away in a flexiRate, and you won’t pay any fees to cancel your flexiRate.
Your interest will be adjusted if you choose to release your flexiRate early. This simply reduces the amount of interest you’ll receive and doesn’t impact the amount that you originally put in.
Yes, you can. Subject to the option being available, you may be able to change your renewal instructions by simply going to the Manage my flexiRates section in Internet Banking. Via the Suncorp App, simply go to the Account details section of your account.
You’re able to change your renewal instructions at any time before 7pm EST on the day your flexiRate is due to end.