Suncorp Savings Accounts

Suncorp Savings Accounts

Suncorp Bank has evolved from Queensland agricultural banking services and insurance products, to become the sixth largest bank in Australia, and the third largest general insurance group. Since it was established in Queensland in 1902, Suncorp Bank has grown to offer a range of easy to use online savings accounts, and helpful and accessible transaction accounts for your everyday banking needs.

Savings Account	Account Details	Intro Rate p.a.	Variable Rate p.a.	Intro Period p.a.	Fees	Min Balance and Min Deposit
Suncorp eOptions Saver	4.25% p.a. variable rate higher rates available for fixed terms	4.25%	4.25%	0.00%	FREE	$0
Suncorp Everyday Options Savings Account	No monthly account keeping fee for 12 months (usually $5 per month), 4.25% p.a. variable rate on free sub accounts, higher rates available for fixed terms	4.25% on sub-account	4.25% on sub-account	0.00%	$0 for 12 months then $5 per month	$0

Before You Choose a Suncorp Savings or Transaction Account

Before you choose which Suncorp savings or transaction account is right for your needs, you need to know what those needs are. Then, before you open a new account with Suncorp Bank, you need to make sure you have all of your paperwork in order.

To choose and open a new savings or transaction account:

• Look at your current banking behaviour. Read your account statements to see how you use your transaction accounts, plus decide on the savings plan you need – an emergency fund, a holiday fund, a house deposit…
• Decide whether your current banking behaviour could be better served. Would your everyday accounts benefit from fewer transaction fees? Would your savings be enhanced if you could set up a direct transfer to a high interest account? Would you save time (and therefore money) if you could do all your banking online?
• Compare savings and transaction accounts on Savings Account Finder. We compare all Suncorp savings and transaction accounts side by side with details of fees, interest rates earned and unique features, and our comprehensive reviews explain all of the fine print so you can make an informed decision.
• Collect all of your personal details. To streamline the application process to open your new savings or transaction account with Suncorp gather all of your personal details, your drivers’ license number, your tax file number and existing bank account details. Whether you are applying online, over the phone or in a Suncorp branch, organising your paperwork will have you saving money sooner.

Suncorp Everyday Options Account

Suncorp has a range of savings and transaction accounts you should compare before opening a new account, however, the Suncorp range of Everyday Options accounts is a particularly unique, intuitive and interlocking savings and transaction account system which might just help you manage your finances better..

Features and how to use the Everyday Options accounts:

• The Everyday Options account is an everyday transaction account which gives you access to your funds via EFTPOS, ATMs, phone and internet banking.
• You can link a Visa Debit card to your Everyday Options account, as well as use cheque facilities and have branch access.
• You can enjoy a promotion on your Everyday Options account of $0 monthly fees for the first 12 months if you apply online, a saving of $5 a month.
• Your Everyday Options account can link to Everyday Options sub-accounts, which are high interest savings accounts.
• Everyday Options sub-accounts can be individually named for each savings goal.
• You can deposit directly into your Everyday Options sub-accounts in branch.
• You can lock away funds in your Everyday Options sub-accounts to earn Suncorp flexiRates at a higher interest rate.

Compare the Features of Suncorp flexiRate

Most financial institutions will offer your separate high interest savings accounts and term deposit accounts, and at Suncorp you can choose from those individual accounts too. However, Suncorp have made it even easier for you to boost your savings and lock your funds away in a higher interest rate, from the convenience of your savings account.

Features and how to use the Everyday Options accounts:

• If you open the eOptions high interest savings account or an Everyday Options sub-account you can allocate an amount of your balance to attract a higher flexiRate
• You can choose a term for your flexiRates to apply to your savings from one month to five years.
• You can apply a flexiRate in internet banking at any time, on any amount.
• flexiRates vary depending on the amount and term locked away.
• Interest is calculated daily and paid at the end of your chosen flexiRate term.
• You are guaranteed your allocated funds will earn your chosen flexiRate for the duration of the term, regardless of other interest rate movements.

Whether you are opening a savings account to teach your children financial responsibility or you need an everyday transaction account which isn’t going to berate you with fees, Suncorp Bank’s high interest savings and transaction accounts are a flexible, rewarding and easy to use option. Compare the features of the Suncorp Bank account which is best for you and start taking control of your savings, your interest earned and your transaction fees today.

Suncorp Term Deposit Rates

Term Deposit	1 mth	3 mth	4 mth	6 mth	9 mth	12 mth	24 mth	Min and Max Deposit
Suncorp eOptions flexiRates and Everyday Options Sub Account	3.55%	4.90%	4.10%	5.20%	4.85%	5.60%	-	$1 – $50m
Suncorp Term Deposit	2.00%	4.85%	3.45%	4.15%	3.30%	5.55%	5.10%	$10,000 – 24,999

Savings Accounts available

• eOptions Savings Account – A variable interest rate from 3.75% standard variable rate
• Suncorp Term Deposit Savings Accounts – Terms deposits from 6.80%
• Everday Savings Account – No monthly account keeping fees for the first 12 months

Suncorp News

• Suncorp eOptions Savings Account Review
  Suncorp Bank invites you to switch on your savings by opening one of their eOptions high interest term deposit savings accounts. 3, 5, 6 and 12 month options from 5.60%
  
  
• Suncorp Increases Interest Rates on Savings Account