Suncorp Term Deposit Savings Account

Term deposits famously offer high interest rates and returns for your long term investments, however, when a bank is offering even higher promotional interest rates on their term deposits you’ll almost hear your money begging to be invested. So take your finances, however vocal, to Suncorp Bank, which is currently running a promotion on their term deposits and offering attractive interest rates of up to 6.85% for an investment of just three years.

Term Deposit	1 mth	3 mth	4 mth	6 mth	9 mth	12 mth	24 mth	36 mth	Min and Max Deposit
Suncorp eOptions flexiRates and Everyday Options Sub Account	-	4.30%	5.10%	5.45%	-	6.05%	-	-	$1 – $50m
Suncorp Term Deposit	-	-	5.05%			6.00%	-	7.00%	$10,000 – 24,999

Suncorp’s term deposits are not only offering high interest rates, but their products are also very flexible to choose and use. You can choose a term between one month and five years, and not even the Big Four Banks will secure your money in a term deposit for under a year.

Click to Open an account online now and start earning interest with the Suncorp eOptions Savings Account

Choosing a Suncorp Term Deposit

Setting up a term deposit is a simple and effective way to have your money working for you, without you having to worry about rising or falling interest rates, changing account fees or financial crises. Following are some reasons you may want to consider for choosing a Suncorp Term Deposit, and to help you decide if a term deposit is right for your savings goals:

• Term deposits will lock in the agreed interest rate for the entire term, so you can be guaranteed of the return you will receive each month, each year, or at the maturity of your investment.
• You won’t need to pay for the services of a financial advisor to manage your investment as a Suncorp team member will contact you to discuss your situation and help you decide on the term and the investment which is right for you.
• A term deposit will pay the interest earned into your linked Suncorp savings account where you can either use the extra funds to top up your income, or allocate your interest to earn more interest in a high interest savings account, or with Suncorp’s flexiRates.
• Will you welcome the discipline and enforced saving of a fixed term deposit where you are unable to access your invested funds? A term deposit removes all temptation to bypass your long term savings goals to buy that new computer game, or gorgeous pair of shoes.
• You won’t pay any monthly account fees, or any transaction fees on your term deposit account.

Interest Offered on Suncorp Term Deposits

Suncorp Bank invites you to negotiate a personalised interest rate for your term deposit if you are investing more than $100,000. If you’re not planning such an investment, the standard interest rates should apply:

• A three month term deposit will pay 4.85% at maturity.
• A five month term deposit will pay 5.55% at maturity.
• A 36 month term deposit will pay 6.85% annually.

Conditions of a Suncorp Term Deposit

While the high interest rates, low fees and flexible terms all sound enticing, before you lock in your savings and put your feet up to wait for your returns, make sure the options you opt for are going to get you those high returns:

• The interest rates listed in the promotion above are paid only on deposits with a minimum balance of $10,000.
• If you need to withdraw your funds before the end of the term penalty charges will apply.

Suncorp Term Deposits To open a term deposit with Suncorp, you can discuss your needs with a financial consultant at a branch, or a Suncorp consultant can contact you to discuss your needs over the phone, and open the account for you. Since a term deposit is a locked contract you want to be sure you are making the right decision, plus as you discuss your intended investment and desired term with Suncorp, they will be able to suggest the products which will secure you the best return, and negotiate the best possible interest rate for your investment.

Suncorp’s Term Deposits were also awarded the Financial Review’s Smart Investor Blue Ribbon Award in 2009, and CANSTAR CANNEX rated them outstanding value and awarded them five stars. Before you open a term deposit you can take your investment for a ‘test run’ and use Suncorp’s term deposit calculator to see just how much interest you can earn.

Opening a term deposit is one of the easiest ways to make sure the money you worked so hard for, keeps working hard for you. If you have just $1,000 to invest then you can take advantage of Suncorp’s highly competitive term deposit interest rates and in just one month, one year or five years you can be enjoying the spoils of your clever investment. As the world recovers from financial chaos, now is your chance to take advantage of this financial opportunity, and lock in your savings at Suncorp’s great rates now:

Click to Open an account online now and start earning interest with the Suncorp eOptions Savings Account