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Eligible accounts

flexiRates are available with: Everyday Options Account, Carbon Insights Account, Business Saver Account and Business Premium Account.

flexiRates: higher interest rates on Savings

flexiRates allow you to set aside a portion of your savings in eligible accounts for a nominated period, have it earn a little extra interest, and help you reach your savings goals quicker.

Why choose flexiRates?

No minimum balance required

You can set up flexiRates for specified amounts from $1 to $1 million dollars inclusive

Interest adjustment

Your interest will however be adjusted if you request 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.

Early release option

No admin fee is charged if you need to withdraw all of the funds before the end of your nominated period. An interest adjustment will apply

Choose a period that suits you

You can apply flexiRates with terms from 1 to 12 months, depending on your budgeting and savings needs

Freedom to set up and manage yourself

You can setup a flexiRate in under a minute on eligible accounts and view your balances at any time in the Suncorp App or Internet Banking.

Reduce the temptation to spend

Set aside a portion of your money to save for something special

How do flexiRates work?

If you have more money in savings than you’ll need for your short-term expenses, you can set aside a portion of it at a higher fixed interest rate than the unlocked portion.

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How do flexiRates work?

If you have more money in savings than you’ll need for your short-term expenses, you can set aside a portion of it at a higher fixed interest ratethan the unlocked portion.

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Eligible Accounts

Carbon Insights Main and Sub-Accounts

With this online-only transaction account, you can view an estimate of carbon emissions for your transactions, calculated by matching each transaction to an industry, and multiplying spend by an average emission factor for that industry.2

Learn more

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Everyday Options Main and Sub-Accounts

Bank online, in branch and by phone plus you can spend, save and budget better with sub-accounts and flexiRates.




 

Learn more

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Business Premium Account

The everyday transaction account for just about every business.





 

Learn more

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Business Saver Account

An online savings account that works for your business.






 

Learn more

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How to set up your flexiRates

Step 1

You must hold a Suncorp Bank account that supports flexiRates (see ‘Eligible accounts’)

Step 2

In Internet Banking select ‘Manage My FlexiRates’ from the main menu or in the Suncorp App select your account (it must be eligible for flexiRates) and ‘Add a flexiRate’ from the popup toolbar

Step 3

Select the flexiRate option that best suits you

Don’t forget if you need to access your savings, you can request for the funds within the flexiRate to be released at any time with no additional fees. If the early release is approved, an interest adjustment will apply.

 

Interest Rates

 

Helpful tools

Savings Calculator

Calculate your savings

Budget Planner

Find out more

Product Information Documents

Find out more

Frequently asked questions

How can I view and manage my flexiRates?

You can easily set up, view and manage your flexiRates in Internet Banking or the Suncorp App.

Money in flexiRates is not included in your Available Balance. It is kept separate from your available funds as it has been fixed for the flexiRate period. In the Suncorp App you can view your total held in flexiRates below your Available Balance.


 

Interest is calculated daily and paid at the end of the flexiRate period. Once you set up a flexiRate, your interest is fixed and guaranteed, provided the nominated period is completed.

Deposit Products 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 & Conditions before opening an account. Fees, charges, terms and conditions apply and are available on request.

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2. The carbon emissions data provided is an estimate only and calculated using data provided by Cogo (a third party provider) relating to industry averages of carbon emissions per dollar spent for different merchant types (Industry Data). Calculations are based on averages only and are not specific to each item purchased at individual merchants and do not reflect individual merchants sustainability practices.

Eligible accounts

flexiRates are available with: Everyday Options Account, Carbon Insights Account, Business Saver Account and Business Premium Account.

Interest adjustment

Your interest will however be adjusted if you request 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.

Flexi Rate

flexiRates allows you to earn higher interest rates by locking away a portion of your savings for periods up to 12 months.

Stepped Basis

Interest is calculated on a ‘stepped’ basis, which means you'll earn interest based on the parts of your account balance which fall within a set dollar and interest rate range. Please see the interest rate tab for rates across all account balances. Interest is calculated daily and paid monthly.

Flexirates

flexiRate rates allow you to earn higher interest rates by locking away a portion of your savings within your account for periods up to 12 months.