Suncorp Bank

Since 1902 Suncorp have been providing Queenlanders and now Australians with banking options. With one million customers, including small to medium businesses and agribusiness customers, Suncorp is a top 50 ASX-listed company with a reported $96 billion in assets.

Suncorp is now considered to be Australia’s sixth largest bank. As well as banking, Suncorp offers superannuation products and a national network of stores and fee-free ATMS. Suncorp is also one of the largest general insurers.

Suncorp Bank

Since 1902 Suncorp have been providing Queenlanders and now Australians with banking options. With one million customers, including small to medium businesses and agribusiness customers, Suncorp is a top 50 ASX-listed company with a reported $96 billion in assets.

Suncorp is now considered to be Australia’s sixth largest bank. As well as banking, Suncorp offers superannuation products and a national network of stores and fee-free ATMS. Suncorp is also one of the largest general insurers.

Back to Basics Investment Interest Only

Variable
Rate 6.49
Comparison
Rate 6.29

Back to Basics Investment Principal and Interest

Variable
Rate 6.07
Comparison
Rate 6.12

Back to Basics Owner Occupied Interest Only

Variable
Rate 5.82
Comparison
Rate 5.76

Back to Basics Owner Occupied Principal and Interest

Variable
Rate 5.65
Comparison
Rate 5.72

Fixed Rate Investment Loan Interest Only

Variable
Rate
Comparison
Rate

Standard Variable Standalone Investment Interest Only

Variable
Rate 7.12
Comparison
Rate 7.03

Suncorp Clear Options Gold

Purchase
Rate 20.50
Annual
Fee $120.00

Suncorp Clear Options Platinum

Purchase
Rate 20.74
Annual
Fee $129.00

Suncorp Clear Options Standard

Purchase
Rate 12.74
Annual
Fee $55.00

Everyday Options Account

Max Interest rate($10,000) Base Interest rate($10,000) 0.01

Everyday Options Savings Account

Max Interest rate($10,000) Base Interest rate($10,000) 0.01

Farm Management Account

Max Interest rate($10,000) 1000 Base Interest rate($10,000) 1.35

Growth Saver Account

Max Interest rate($10,000) Base Interest rate($10,000) 0.35

Kids Savings Account

Max Interest rate($10,000) Base Interest rate($10,000) 0.45

Farm Management Deposit Account - Fixed Term

90 Days

1.25
1 Yr Paid
Annually 2.70

Farm Management Deposit Account - Fixed Term

90 Days

1.25
1 Yr Paid
Annually 2.70

Farm Management Deposit Account - Fixed Term

90 Days

1.25
1 Yr Paid
Annually 2.70

Term Deposit

90 Days

1.20
1 Yr Paid
Annually 2.65

Term Deposit

90 Days

1.25
1 Yr Paid
Annually 2.70

Term Deposit

90 Days

1.30
1 Yr Paid
Annually 2.75

What products does Suncorp offer to its customers?

Suncorp offers a range of banking products and services to its customers. This includes personal banking, commercial lending, agribusiness and business banking for small to medium enterprises. Suncorp Bank debit cardholders can access fee-free# cash withdrawals or balance enquiries at Suncorp Bank ATMs and atmx ATMs Australia wide.

You can view the products offered by Suncorp in the table below.

What transaction accounts do Suncorp Bank offer?

  • Everyday Options Account – the everyday account for just about everyone with no monthly fees. You can also open up to 9-sub accounts to help you plan and save. Plus you can lock in higher rates and reduce the temptation to spend by setting aside savings in your Everyday Options Account with flexiRates.
  • Everyday Essentials Account – designed for low income earners and government benefit recipients with no monthly fees and an extra level of overdraft protection.

What savings accounts do Suncorp Bank offer?

  • Growth Saver Account – grow your savings faster with bonus interest and no monthly fee. Good for saving steadily towards a goal, like a home deposit or a holiday.
  • Kids Savings Account –a fee-free savings account that rewards kids under 18 for saving, offering bonus interest for regular savers.

What term deposits are offered by Suncorp Bank?

A Term Deposit allows you to lock away an amount of money at a fixed interest rate for a nominated time period.  Your return on investment is guaranteed – this means you’ll know exactly what your investment is worth at the end of the term. You can choose the investment amount and time period that suits your needs, plus there are options to receive interest payments over the life of the term deposit.

What other products does Suncorp Bank offer?

Suncorp offer a number of different products to consumers including:

  • Home Loans – both lower variable, standard variable and a fixed rate home loan
  • Credit cards – Suncorp offers a variety of credit cards like a Standard, Low Rate Platinum Card, and Rewards based Gold Card
  • Business banking services – accounts to credit cards, business loans, payment and merchant services and agribusiness
  • Insurance and superannuation – Suncorp Group is the third largest general insurance group and offers motor insurance, home contents insurance, life and income insurance as well as commercial insurance.

Does Suncorp Bank offer personal loans?

Suncorp Bank no longer offers personal loans products.

What is the Suncorp ESSI Money Family Challenge?

Suncorp have a vested interest in supporting young people in their financial literacy. The Financial Basics Foundation has developed an online game called ESSI Money – which stands for Earning, Spending, Saving & Investing. This game is available for Suncorp customers aged 10+.

How do I apply for an account with Suncorp Bank?

You can apply for an account online, over the phone or by heading into a Suncorp Bank branch. As with any online application you will need to meet eligibility criteria such as minimum balance requirements, age requirements and evidence of Australian residency.

Have your identification documents ready such as your Australian passport or driver’s license. You will also need your contact information such as email address, phone number and residential address.

What are some of the features with Suncorp Bank?

  • Options – whatever banking needs you have Suncorp generally has the product available to suit your particular circumstances
  • Branchs and ATMs- Suncorp has branches across Australia which might suit those who require in person banking. They also offer no-fee withdrawals at ATMs nationally.

Compare Suncorp savings rate with other savings accounts and other term deposits in Australia.