The minimum deposit required is $5,000 and the maximum permitted is $2 million. fixed interest on a 1 year Term Deposit. Suncorp Bank CEO Clive van Horen said. Earn a high fixed interest rate over the term of your choosing. For more information, read our important notes and liability disclaimer. a. a. Information last updated on 15/11/2023, 10:34 AM. 55% p. Queensland Country Bank. $5,000. 75% (1 year) to 4. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Interest rates are effective 27/09/2023. 75% p. 4. You can invest in a Bank of Queensland Premier term deposit from as little as $1,000 but the best rates are for investments of $5,000 and over. Because of this decision many banks will likely increase their savings account. Find out why Suncorp your banking your can feel good about. 70%pa fixed for 12 months on eOptions. 55%. 50% increase to the five-month term to 4. 10% p. 01 and over. Interest rates and fees and charges subject to change without notice. 2 years. A 1-month term deposit gets a rate of 0. A low risk investment with competitive interest rates, the Suncorp Term Deposit is well worth a look if you’re after somewhere to stash your savings. Deposit money in the currency of your choice from our list of foreign currencies. $0 - $9,999. 40% p. You may prefer the guaranteed interest rate offered by a term deposit. 7 months. Interest Rates Effective 13 October 2023 are subject to change without notice. 05% p. 10%, with a minimum rate of 0. Higher interest rates may only apply to longer terms and/or larger deposits. Compare. Yes. 00% for a 12 month term. 36 Months. The interest rate offered by Suncorp Bank on the date of loan settlement will apply. 45% p. Then compare it to a savings account so you can decide what type of account works best for you. Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. 05% is 0. 60 Month Term Deposit (5 Years) 3. A comparison rate is a rate that indicates the true cost of a loan. 3. 10% p. Automatic maturity rollover. Interest can be paid monthly, 12 monthly or at maturity on the Member, Edvest, Rewards Package and Customer Term Deposits and fortnightly on the Edvest Term Deposit. To support savings customers, from 15 June, Suncorp Bank will also introduce a new term deposit rate of 2. 05% pa higher than the rates shown in this table. Add 0. Grow your net balance by $200 or more (excluding interest); and. WARNING: This comparison rate applies only to the example or examples given. Updated 8 November 2023 Top Pick Rabobank Term Deposit 5. , effective 7. 003-008 171123 (ADB1072) Page 1 of 2 Interest Rates on Term Deposits and Investment Accounts Interest Rates current as at 17 November 2023 (Interest rates are subject to change at the Bank’s discretion)Suncorp term deposit rate changes. 3. Premium Banking Relationship service. Depositors can stash anywhere between $5,000 and $1,000,000, and any interest they. You'll automatically get a High Interest Savings Account in your savings portfolio. 17. 10% p. Find out the benefits. Lock in your return with a secure fixed term deposit rate for the length of your chosen deposit term. Source: Canstar, 23/11/2023. 55% p. a. ^Variable Interest rate effective 10 January 2002. Invest from $5,000. Interest paid 12 monthly %p. 0% foreign currency conversion fees1. Standard Variable Rate p. Min. 75% p. Compare some of the highest interest rates on term deposits in Australia. 12 months. Suncorp Bank is offering Term Deposit interest rates of 4. a. Home; Banking & Accounts; Term Deposits; Let your money work for you. Suncorp Bank offers access to translating and interpreting services in more than 160 languages. In a media release, Suncorp said its rates "are continually under. a. a. 40%, and a 2. Suncorp Bank: common term deposit interest rates. Standard Variable Interest Rate 0. Use our Term Deposit calculator. 935 billion; Bank of Queensland: $33. It’s 18-month carded term deposit will increase by 0. Access cash, shop online or in store, plus make cardless payments with Apple Pay® and Google Pay™. a. 85% p. If applicable, the length of the introductory interest rate period, and what is the interest rate that applies after the ‘honeymoon’ period?. Receive a loyalty bonus. Minimum deposit amount $1, maximum deposit amount $1,000,000. With Suncorp Bank, you can choose to invest a a minimum deposit of $5,000 to start seeing the benefits of an interest rate return. 25% for 12-months. If you need to access your money early, an interest adjustment and 31-day wait period will apply. a. 00% for a term of five years (for deposits containing $50,000 to $1,999,999), the Commonwealth Bank Term Deposit account could be. Just keep in mind that a minimum deposit of $5,000 applies to all Macquarie Term Deposits. Everyday Options Main and Sub Accounts. fixed rate. on Visa Debit card 2 purchases. 5. At the expiry of the 3 Year Fixed Rate Term, the loan will revert to the applicable Standard Variable Rate advertised at the time (currently 8. Suncorp Bank customers should be alert to receiving messages or calls claiming to be from the Suncorp Bank team offering high interest Terms Deposits and Bonds. Monthly. Lastly, Suncorp both decreased and increased rates on term deposits up to one-year by 20 basis points on the 1st of March. Key features. Max rate. Registered office: Level 23. Lock in your home loan rate for a few years, for repayment certainty:. o 3 months: 1. $1,000. ^. your bank account details, your Tax File Number, and a copy of your driver’s license. 95% p. Find Out more About a Fixed Rate Term Deposits Rates from Suncorp Bank - Browse Our Rates and use the Calculator to find the perfect Option for You. 1. Balances $0. The Interest Only period on a Fixed Rate must equal the Fixed Rate term. The Macquarie Term Deposit also offers some flexible features. 4 Month Introductory Variable Rate (% p. 1. 51% from the Standard Back to Basics Variable Rate (currently 8. Content updated 10 May, 2021 Product data updated 14 Nov, 2023 Important disclosure Suncorp Bank Term Deposits Deposit amount $ Deposit term (in months). If you can’t make Suncorp loan repayments or meet other financial commitments – or you think you’ll be experiencing difficulty soon – we’re here to help. High Interest Savings Account. 60% p. Variable interest rate. Find out why Suncorp your banking you bucket believe good about. Interest rate effective from 24 November 2023 and is subject to change without notice. loyalty bonus when you roll over your term deposit. 1. Invest $5,000 or more. by phone on 07 3135 3525 (Mon-Fri, 9am-5pm AEST) by post to Deceased Estates, PO BOX 1453, Brisbane, QLD, 4001. To support our savings customers, the Bank’s 12-month term deposit rates will increase by 0. This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable. This week, CBA, BOQ, GUIYING, Suncorp and find increased time deposit rates by up to 165 basis points. Learn more. $1,00-$1,000,000. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. 40%, and a 2. Suncorp Bank. You can grow your wealth by earning interest on your deposit at a fixed rate over the term. Then compare it to a savings account so you can decide what type of account works best for you. Product info. The discounted rate (currently 6. To support savings customers, from 15 June, Suncorp Bank will also introduce a new term deposit rate of 2. 72%. 3% for 7 months and 4. 10% loyalty bonus when you automatically reinvest your Term Deposit before maturity. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. These changes apply to pretty much all terms ranging from three months to five years:Several banks including Suncorp and Judo pushed term deposits rates higher this week, before to the RBA's May decision. 60% p. (“Suncorp Bank”). 15% p. au's market research) at 5. Please read the relevant Product Information Document and Terms & Conditions before opening an account. Interest rate. 01% p. 68% p. Different amounts and terms will result in different comparison rates. a. 15. Buy now, Pay Later. Loan Types. Min. WARNING: This comparison rate applies only to the example or examples given. a. Make transactions in foreign currencies and save on conversion fees. When you open an RACQ Bank Term Deposit account, you can expect to receive your interest when your term deposit period ends (called the 'maturity' of the term deposit), or annually if your term is longer than 12 months. 6 months. on Suncorp Bank’s 12-month Term Deposit. The Bank of Queensland Term Deposit comes with a wide range of terms to choose from starting from 28 days and up to 4 years. 00). Learn more. Interest Rates. including Sunsuper and Suncorp. , and the interest rate gradually increases with the investment term. supports customers seeking to preserve and grow their foreign currency capital over the long-term Suncorp Bank continuously monitors the consumer outcomes with this product and. 1. A term deposit account with a fixed rate for your short or long term investment. Lock in your savings with a term deposit and know exactly what your investment is worth ahead of time. Fees, charges, terms and conditions apply and are available on. Dedicated and personalised service from the Premium Banking team for customers with Term Deposits of $250,000 in total or a Term Deposit of any value with total deposit holdings over $750,000. to 3. 35% p. 5. a. Please read the relevant Product Information Document and Terms & Conditions before opening an account. More details. 1,25. Registered. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking. 4. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722. BOQ's top term deposit rate is 5. Features Glossary Interest paid end of term For deposit amounts $5,000 - $24,999 4. Maximum Variable Rate p. a. Suncorp Term Deposit Rates offer a secure and reliable investment option for individuals looking to grow their savings. Have a question? Type a keyword to search Tip: Use keywords rather than sentences eg. Includes all payment frequencies. Aussies anticipate banks to continue the trend of passing on increases to savings accounts and term deposits following the first cash rate decision for 2023 - watch this space. 30%: 6 month interest rate: 3. Report your Suncorp Bank Visa Debit card as lost or stolen and order a replacement. A comparison rate is a rate that indicates the true cost of a loan. Highlights of Suncorp Bank's increases include the 12-month term deposit, increasing by 30 basis points to 2. p. Unsecured Business Overdraft Reference Rate. for 9 months on balance transfers. We offer terms between one month and 60 months. Invest $5,000 or more. The bank will also increase its three-month Term Deposit rate to 1. If you have more than $250,000 in a single bank account (or term deposit, or savings account. 3. Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Learn more. for 6 months with interest paid at maturity. a. Enjoy the certainty of traditional term savings. 46 - 75 days. Find Out more About a Fixed Rate Term Deposits Rates from Suncorp Bank - Browse Our Rates and use the Calculator to find the perfect Option for You. To support savers, Suncorp Bank is offering Term Deposit interest rates of 4. Business Premium Account is issued by Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No: 229882 (“Suncorp Bank”). a. 45% lower than the highest rate 2. 4. standard variable rate after the first 3 months. The daily percentage rate is the applicable annual percentage rate divided by 365. 95% p. 00% p. 4. 3 year fixed rates term >60-80% LVR . a. 30% for 12 months. Find Out more About a Fixed Rate Term Deposits Rates from Suncorp Bank - Browse Our Rates and use the Calculator to find the perfect Option for You. A term deposit is an investment of money with a bank or financial institution for a fixed period of time. Interest is calculated daily and paid at the end of the investment term. a. Suncorp Bank: common term deposit interest rates. 00%p. All you need is a minimum deposit anywhere between $1,000 to $999,999,99. to these rates if you're already with BankSA and opening or renewing online. The non bank lender peaked at 5. Govt Deposit Guarantee. Govt Deposit Guarantee. 85% p. Comparison of Suncorp eOptions and other term deposits. 01% p. Important Information - Term Deposits 1. a. Suncorp Bank has flexible and competitive Term On Thursday Suncorp increased rates on much of its term deposit products by between 30 and 55 basis points. Select the card you’d like to report as lost or stolen. Interest is calculated daily and paid monthly. Our Customer Assist team can help you get the support you need. Next rate increased. Whether simple interest in a term deposit or compound interest in a savings account will earn you more can vary depending on your situation. Accounts. Savers can now also earn 3. a. 70%. TermUp to $250,000 of deposits in 'protected accounts' held by an entity with Auswide Bank are covered under the Financial Claims Scheme. Suncorp Bank (Suncorp-Metway Ltd ABN 66 010 831 722. 30% p. Bonus Rate. 10 months. If you choose to redirect your credit interest into a different account, please remember that. 4. Compound interest is the interest you earn on your savings while it’s sitting in the bank – not just on the original amount of money you deposited, but also on the interest you have been paid as you go. From 17 June, Suncorp Bank’s variable rate term home loans will increase by 0. Dedicated and personalised service from the Premium Banking team for customers with Term Deposits of $250,000 in total or a Term Deposit of any value with total deposit holdings over $750,000. The discounted rate (currently 6. New Home Loans >= $150,000 and Loan to Value Ratio (LVR) must be as stated. a. a. Interest paid at maturity. 1. a. Terms between 3 months and 5 years. Please read the relevant Product Information Document and Terms & Conditions before opening an account. The above interest rates are based on interest being paid on deposits of $5,000 to $100,000 at maturity (for up to one year) and annually (longer than a year). No. 00% p. 1. For more information about how Suncorp Bank can provide deposit and loan solutions for your SMSF, ring 13 11 55, contact your local Suncorp. More details. Min. Suncorp offers a Term Deposit product for periods from 1 month to 5 years. g. A Term Deposit can be used as a guaranteed source of regular credit interest or as security for an eligible Suncorp Bank product. FAQs. Term Deposits - Standard Term Deposits, Regular Income Term Deposits, 55+ and Not For Profit Term Deposits rates are current as at Thursday 02 November 2023 and subject to change. Term. From 14 October, Suncorp Bank will increase home loan variable rates by 0. a. Once you deposit your money, you typically aren’t able to withdraw it until the end of the term without being charged a fee. There are 5 main factors to consider when comparing term deposits: Interest rates: Look for the highest interest rate for the. Features Fixed Rate Term Deposits At Call Deposits Type of deposit Funds are deposited for a Fixed Interest Rate of return for the term of the deposit. Make extra repayments up to $500 per month during the fixed rate period with no early repayment fee. a. Features include: 100% mortgage offset: Some Suncorp home loans allow you to save on interest by linking the loan to a Suncorp Everyday Options bank account that can be put in “offset mode”. 35% p. *Bonus interest may be payable if at least $20 is deposited into the account each month and when no more than one withdrawal is made per month. for 9 months. ^. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. a. *With Bonus. Winner of Best Term Deposit 6 Month 50k, RateCity Gold Awards 2023. Firstmac also gives you the option to have your funds automatically rolled over into another term, upon maturity. a. Superannuation. ~. $100,000 - $999,999. 25% p. $10,000 - $99,999. But Suncorp’s customers are increasingly shifting their money into term deposits to take advantage of rising interest rates. Annually, At Maturity. You can invest as little as $1,000 in a Suncorp Bank term deposit, and term lengths vary from 1 month to 5 years. 25% p. 13% p. 3. 95% (5 years) The NAB Term Deposit 4. 70% p. Interest rate calculations and payments. The discounted rate (currently 6. Deposits with terms of 12 months or more may have interest. Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. 1. Find Out more About a Fixed Rate Term Deposits Rates from Suncorp Bank - Browse Our Rates and use the Calculator to find the perfect Option for You. can be eligible even with only 5% deposit) and up to 110% LVR with a home loan guarantor. Variable interest rate. 00% p. 85% p. 50% p. Everyday Options main account. If you report your card as lost or stolen, we’ll. Please contact us on 1800 225 223 (8:30am-5pm, Mon-Fri, AEST) or find out how to submit a request for assistance. $product [$field ["value"]] $product [$field ["value"]]. ). Find Out more About a Fixed Rate Term Deposits Rates from Suncorp Bank - Browse Our Rates and use the Calculator to find the perfect Option for You. Compare. Minimum deposit $500, for interest rates on deposits over $1 million please call us on 1300 660 115 or email us.