Suncorp Bank

Suncorp Bank savings and bank accounts

Suncorp Bank is part of the Suncorp Group, offers several different accounts including a unique transaction account with mini interest-earning sub accounts attached.

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Bank account offer
Suncorp Everyday Options Account
Promoted
$0
monthly fee
$0
ATM withdrawal fee
  • Google Pay, Apple Pay
  • Monthly fees: $0

Suncorp Everyday Options Account

Link up to 9 interest-earning sub accounts. $0 monthly account keeping fees.
Link up to 9 interest-earning sub accounts. $0 monthly account keeping fees.

Name Product Card access ATM Withdrawal Fee Fee Free Transactions p.m. Monthly account fee
Suncorp Everyday Options Account
Visa
$0
$0
Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.
Suncorp Everyday Essentials Account
Visa
$0
$0
Affordable banking for low income customers and holders of concession and health care cards.
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
Suncorp Growth Saver Account
0.7%
0.05%
0.65%
$0
Ongoing, variable 0.7% p.a. when you grow your balance by at least $200 (excluding interest) and make no more than one withdrawal in the month. Available on the entire balance.
Suncorp Everyday Options Sub Account
0.05%
0.05%
0%
$0
Ongoing, variable 0.05% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp Kids Savings Account
0.95%
0.55%
0.4%
$0
Ongoing, variable 0.95% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.
Suncorp Farm Management Deposit - At Call
Suncorp Farm Management Deposit - At Call
0.25%
0.25%
0%
$0
Suncorp Business Saver Account
Suncorp Business Saver Account
0.1%
0.1%
0%
$0
Unlimited number of fee-free electronic deposits and electronic transactions between Suncorp accounts
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Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Suncorp Term Deposit $5,000-$99,999
0.45%
0.20%
0.20%
0.45%
0.20%
0.40%
0.50%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
0.50%
-
-
0.50%
-
0.50%
-
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
0.50%
-
-
0.50%
-
0.50%
-
An online savings account for your business with the option of fixed interest rates.
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Name Product Card access ATM Withdrawal Fee Fee Free Transactions p.m. Monthly account fee
Suncorp Everyday Options Account
Visa
$0
$0
Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.
Suncorp Everyday Essentials Account
Visa
$0
$0
Affordable banking for low income customers and holders of concession and health care cards.
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
Suncorp Growth Saver Account
0.7%
0.05%
0.65%
$0
Ongoing, variable 0.7% p.a. when you grow your balance by at least $200 (excluding interest) and make no more than one withdrawal in the month. Available on the entire balance.
Suncorp Everyday Options Sub Account
0.05%
0.05%
0%
$0
Ongoing, variable 0.05% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp Kids Savings Account
0.95%
0.55%
0.4%
$0
Ongoing, variable 0.95% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.
Suncorp Farm Management Deposit - At Call
Suncorp Farm Management Deposit - At Call
0.25%
0.25%
0%
$0
Suncorp Business Saver Account
Suncorp Business Saver Account
0.1%
0.1%
0%
$0
Unlimited number of fee-free electronic deposits and electronic transactions between Suncorp accounts
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Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Suncorp Term Deposit $5,000-$99,999
0.45%
0.20%
0.20%
0.45%
0.20%
0.40%
0.50%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
0.50%
-
-
0.50%
-
0.50%
-
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
0.50%
-
-
0.50%
-
0.50%
-
An online savings account for your business with the option of fixed interest rates.
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
Virgin Money Boost Saver (25+ year olds)
1.5%
0.1%
1.4%
$0
Intro rate of up to 1.50% p.a. for the first 3 months and an ongoing bonus rate of 1.20% p.a. thereafter when monthly criteria is met (T&Cs apply). To earn these bonus rates customers aged 25+ need to deposit at least $2,000/month into your bundled Virgin Money Go Transaction Account and make 5+ transactions/month.
Westpac Life (18-29 year olds only)
2.5%
0.15%
2.35%
$0
If you’re between 18-29, you can earn a 2.5% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your Westpac Choice account, up to a balance of $30,000.
Rabobank High Interest Savings Account
1.35%
0.25%
1.1%
$0
Maximum variable rate of 1.35% p.a. for 4 months, reverting to a rate of 0.25% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
Citibank Online Saver
1.1%
0.35%
0.75%
$0
Introductory rate of 1.1% p.a. for 4 months, reverting to a rate of 0.35% p.a. Available on balances Up to $500,000.
Virgin Money Boost Saver (18-24 year olds)
1.5%
0.1%
1.4%
$0
Intro rate of up to 1.50% p.a. for the first 3 months and an ongoing bonus rate of 1.20% p.a. thereafter when monthly criteria is met (T&Cs apply). To earn these bonus rates customers aged 18-24 need to deposit at least $1,000/month into your bundled Virgin Money Go Transaction Account and make 5+ transactions/month.
Virgin Money Grow Saver
0.65%
0.1%
0.55%
$0
Earn an ongoing variable 0.65% p.a. each month you make at least one deposit of any amount and no more than one withdrawal.
Westpac Life
0.3%
0.15%
0.15%
$0
Ongoing, variable 0.3% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.
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Quick facts about Suncorp Bank

  • Suncorp Bank began operating in 1902 in Queensland, and is now a national bank
  • Suncorp Bank is part of the Suncorp Group which also owns insurance brands AAMI, GIO, Bingle and Apia
  • Suncorp was one of the first retail banks to launch customer lounge style offices instead of traditional bank branches
  • Suncorp has a network of bank branches and ATMs across Australia

Different accounts offered by Suncorp Bank

Suncorp has a range of different accounts which you can see in the tables above, however here's an overview of a few of its most popular products.

Suncorp Everyday Options Account

This transaction account acts as your day-to-day account for everyday spending, with a linked Visa Debit card. The unique thing about this account is you can link up to 9 sub-accounts to this account that each earn interest. These sub accounts can be for individual savings goals or to help you budget for different expenses.

Read our full review of the Suncorp Everyday Options Account.

Suncorp Everyday Essentials Account

This is a simple day-today transaction account for low income earners and concession card holders. It doesn't attract any account keeping fees, comes with a Visa debit card and has no ongoing deposit requirement.

Read our full review of the Suncorp Everyday Essentials Account.

Suncorp Growth Saver

This is Suncorp's high interest savings account product. You can earn bonus interest each month you grow your net balance by at least $200 (excluding interest) and make no more than one withdrawal.

Real our full review of the Suncorp Growth Saver.

Suncorp Term Deposit

Suncorp Bank term deposits allow you to earn a fixed interest rate on your money when you lock it away for a set period of time. You can invest as little as $1,000 in a Suncorp Bank term deposit, and term lengths vary from 1 month to 5 years. Depending on the term of the deposit, you can choose to get interest every month, quarter, bi-annually, annually, or at maturity.

Read our full review of the Suncorp Term Deposit.

Different ways to bank with Suncorp Bank

Suncorp Bank offers many different ways to do your banking.

Suncorp bank branches

Suncorp Bank has more than 200 branches across Australia, as well as some customer lounges where you can go for informal advice help and support with your banking.

Suncorp ATM network

There are more than 2,000 Suncorp ATMs around Australia. Customers with a Suncorp debit card can also make fee-free cash withdrawals at around 10,000 Big Four bank aTMs in Australia.

Bank@Post

If you need to deposit cash into your account, you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.

Suncorp Bank Internet and mobile banking

You can use Suncorp Internet Banking or the Suncorp Bank app 24/7 to do a range of day-to-day banking. You can make transfer between accounts, transfer to external accounts and pay bills, view and download statements and open new Suncorp Bank products. The Suncorp Bank app has a 4 star rating on Google Play and a 3.6 star rating on the App store.

Contactless payment options

Suncorp Bank offers Apple Pay, Google Pay and Samsung Pay to customers with a Suncorp debit card.

Pros and cons of banking with Suncorp Bank

Pros

  • Accounts for different customers. Suncorp Bank offers accounts for a variety of customers including kids, over 55s and concession card holders.
  • Bank branches and ATMs. Suncorp Bank have hundreds of physical branches and ATMs across Australia.
  • Bonus interest. Its Growth Saver Account offers bonus interest on your balance when you meet the account conditions.
  • No account keeping fees. Suncorp Bank doesn't charge monthly account keeping fees on its transaction accounts.

Cons

  • Less branches than the Big Four. While Suncorp has more branches than some smaller banks, it has a lot less Compared to the Big Four.
  • Lower interest rates. Suncorp's bonus savings account offers a lower interest rate compared to several other savings accounts in the market.

How to apply for a Suncorp account online

You can apply for a new Suncorp account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

More guides on Finder

  • Suncorp Growth Saver Account

    You could reach your savings goal sooner with a Suncorp Growth Saver account thanks to the competitive bonus interest.

  • Suncorp Bank 55 Plus Account

    Simplify your finances at retirement by combining your funds into one easy to manage transaction account.

  • Suncorp Everyday Essentials Account

    Free Visa debit card and online access for low income earners and concession card holders.

  • Suncorp Kids Savings Account

    You could start your financial future off on the right foot with a savings account that is custom made to fit the needs of Australian kids.

  • Suncorp Everyday Options Account

    Combine your savings and everyday money into one convenient account and earn interest on your money.

  • Suncorp Everyday Options sub account

    Rather than trying to manage multiple accounts for your range of financial needs, Suncorp provides you with an easy way to divide up your money in one convenient account.

  • Suncorp Term Deposit

    Earn a competitive interest rate on your Suncorp term deposit with a fixed interest rate and your choice of term.

  • Suncorp eOptions Saver

    The features of Suncorp's eOptions Saver account can reward account management with increased interest earned.

  • Suncorp eOptions flexiRates

    With flexiRates as a part of your savings plan, you get the same benefits of a term deposit without the inflexibility.

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2 Responses

    Default Gravatar
    ErnstOctober 27, 2019

    Are your term deposits guaranteed by the government?

      Avatarfinder Customer Care
      JoshuaOctober 28, 2019Staff

      Hi Ernst,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      If you are referring to the Suncorp term deposit accounts, the answer is yes. Your term deposit with Suncorp is protected by the government of up to $250,000.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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