Compare Suncorp Bank savings accounts

Get a transaction account for easy access to money, or a savings account to earn interest.

Suncorp Bank

Suncorp Bank began operations in 1902, and while it remains an important part of Queensland’s banking system, it now boasts of a national presence. Suncorp Bank has more than 200 branches and 2,000 ATMs across Australia, and it provides its customers with online and mobile banking platforms.

Bank Account Offer

Suncorp Everyday Options Account

Bank Account Offer

Monthly account keeping fee waived for life. $0 account keeping fee offer applies to all new accounts opened from 3 December 2018. Save for your individual goals by linking to up to 9 interest-earning sub accounts. Make contactless payments using Google Pay and Apple Pay

  • Account keeping fee: $0.00
  • Linked debit card: Visa
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
Go to site
Promoted
Rates last updated December 13th, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Suncorp Everyday Options Account
Visa
$0
$0
Monthly account keeping fee waived for life. $0 account keeping fee offer applies to all new accounts opened from 3 December 2018. Save for your individual goals by linking to up to 9 interest-earning sub accounts. Make contactless payments using Google Pay and Apple Pay
Suncorp Everyday Basics Account
Visa
$0
$0
A simple everyday account with low fees.
$0 monthly account fee.
Enjoy no monthly account keeping fees as well as the option to pay using Google and Apple Pay. Free ATM withdrawals at 3000+ Suncorp and rediATMs.
Suncorp 55 Plus Account
Visa
$0
$0
An interest-earning transaction account for people aged 55 and over.
$0 monthly account fee.
Enjoy $0 account-keeping fees, no transaction fees for Suncorp transactions within Australia, and tiered interest. (1.50% p.a. interest rate applies to balances $100,000 and over.)
Suncorp Everyday Essentials Account
Visa
$0
$0
Affordable banking for low income customers and holders of concession and health care cards.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
Suncorp Growth Saver Account
1.95%
0.20%
1.75%
$0
$0 / $0
Ongoing, variable 1.95% 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
0.55%
0.55%
0.00%
$0
$0 / $0
Ongoing, variable 0.55% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp eOptions
0.50%
0.50%
0.00%
$0
$0 / $0
An online high interest savings account.
Suncorp Kids Savings Account
1.80%
0.90%
0.90%
$0
$0 / $0
Ongoing, variable 1.80% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
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. Product Description Interest Earned
Suncorp Term Deposit
1.30%
1.50%
1.30%
1.30%
1.60%
1.40%
1.30%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
1.70%
-
-
1.75%
-
1.60%
-
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
1.70%
-
-
1.75%
-
1.60%
-
An online savings account for your business with the option of fixed interest rates.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
Suncorp Everyday Options Account
Visa
$0
$0
Monthly account keeping fee waived for life. $0 account keeping fee offer applies to all new accounts opened from 3 December 2018. Save for your individual goals by linking to up to 9 interest-earning sub accounts. Make contactless payments using Google Pay and Apple Pay
Suncorp Everyday Basics Account
Visa
$0
$0
A simple everyday account with low fees.
$0 monthly account fee.
Enjoy no monthly account keeping fees as well as the option to pay using Google and Apple Pay. Free ATM withdrawals at 3000+ Suncorp and rediATMs.
Suncorp 55 Plus Account
Visa
$0
$0
An interest-earning transaction account for people aged 55 and over.
$0 monthly account fee.
Enjoy $0 account-keeping fees, no transaction fees for Suncorp transactions within Australia, and tiered interest. (1.50% p.a. interest rate applies to balances $100,000 and over.)
Suncorp Everyday Essentials Account
Visa
$0
$0
Affordable banking for low income customers and holders of concession and health care cards.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
Suncorp Growth Saver Account
1.95%
0.20%
1.75%
$0
$0 / $0
Ongoing, variable 1.95% 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
0.55%
0.55%
0.00%
$0
$0 / $0
Ongoing, variable 0.55% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp eOptions
0.50%
0.50%
0.00%
$0
$0 / $0
An online high interest savings account.
Suncorp Kids Savings Account
1.80%
0.90%
0.90%
$0
$0 / $0
Ongoing, variable 1.80% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
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. Product Description Interest Earned
Suncorp Term Deposit
1.30%
1.50%
1.30%
1.30%
1.60%
1.40%
1.30%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
1.70%
-
-
1.75%
-
1.60%
-
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
1.70%
-
-
1.75%
-
1.60%
-
An online savings account for your business with the option of fixed interest rates.

Compare up to 4 providers

Rates last updated December 13th, 2019
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
UBank USaver
2019 Winner
UBank USaver
2.10%
1.04%
1.06%
$0
$0 / $0
Ongoing, variable 2.10% p.a. when you link your USaver account to a UBank Ultra transaction account and transfer at least $200 per month into either account. The linked transaction account has no monthly fees and no international fees. Bonus interest available on balances up to $200,000.
AMP Saver Account
2.36%
1.40%
0.96%
$0
$0 / $0
Introductory rate of 2.36% p.a. for 4 months, reverting to a rate of 1.40% p.a. The bonus rate offer is for new AMP Saver customers only, and applies to the first $250,000 deposited.
Rabobank Online Savings High Interest Savings Account
2.50%
1.05%
1.45%
$0
$0 / $0
Maximum variable rate of 2.50% p.a. for 4 months, reverting to a rate of 1.05% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
MyState Bank Bonus Saver Account
2.00%
0.30%
1.70%
$0
$0 / $0
Ongoing, variable 2.00% p.a. when you deposit at least $20 into the account each month and make five or more Visa Debit card transactions from a linked MyState transaction account.
Suncorp Growth Saver Account
1.95%
0.20%
1.75%
$0
$0 / $0
Ongoing, variable 1.95% 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.
Bankwest Hero Saver
1.85%
0.01%
1.84%
$0
$0 / $0
Ongoing, variable 1.85% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
IMB Reward Saver Account
2.00%
0.90%
1.10%
$0
$0 / $1
Introductory rate of 2.00% p.a. for the first 4 months when you deposit $50+ each month and make no withdrawals per month. Available on balance of $5,000 or higher.

Compare up to 4 providers

Awards that Suncorp Bank has earned

  • Money Magazine Best of the Best Awards, 2015. Suncorp Bank awarded Bank of the Year
  • Money Magazine Best of the Best Awards, 2015. The Suncorp Bank Kids Savings Account awarded Best Kids Savings Account

Who is Suncorp Bank?

Suncorp Bank offers a range of personal banking, small to medium enterprise banking, commercial lending, and agribusiness banking solutions. As part of its personal banking solutions, it offers transaction accounts, savings, accounts, term deposits, credit cards, personal loans, home loans, and more.

While its transaction accounts give you easy access to funds in your account, you can consider opening a savings account or a term deposit if you wish to earn interest.

What about the mobile app?

Image Source: App Store
Update Card PIN Transactions Payments
Back to top

What transaction accounts are provided by Suncorp Bank?

  • Everyday Basics Account - This transaction account does not attract any account keeping fees, and all Suncorp Bank transactions are free. You can access funds in your account through a Visa debit card at ATMs and EFTPOS terminals, which you can also use it to make online and over the phone transactions. You can pay bills using BPAY, and you can look forward to banking at Suncorp Bank branches.
  • Everyday Options Account - This everyday account enables you to earn interest, while providing you with easy access to funds. You can link up to 9 sub-accounts to this account, in which case, they earn interest as well. This account attracts a monthly account keeping fee, which the bank would waive for the first 12 months if you apply online. Access to funds comes through a Visa debit card, branch banking, and a chequebook. Account holders can use BPAY to pay bills.
  • Everyday Essentials Account - This account is for low income earners, and it does not attract any account keeping fees. Account holders get a Visa debit card, they can pay bills using BPAY, they can set up direct debits, and they can transact at Suncorp Bank branches. You don’t require a minimum deposit to open this account.
  • 55 Plus Account - You can open this account if you’re over 55 years of age. This account does not attract account keeping fees, and account holders stand to earn interest in a tiered manner. You get a Visa debit card with this account, you get a chequebook, and you can look forward to transacting at branches. You also get the ability to pay bills using BPAY.

What high interest savings accounts are offered by Suncorp Bank?

  • eOptions Account - This online savings account does not attract any account keeping fees, it does not come with a minimum opening balance requirement, and you have the option of locking away part of your funds with flexiRates. Access to funds comes through online, mobile, and phone banking, and you can make deposits at Suncorp Bank branches.
  • Kids Savings Account - This savings account does not attract any account keeping fees, Suncorp Bank transaction fees, or coin handling fees, and it offers account holders one monthly withdrawal. By adding at least $20 per month as combined deposits and not making any withdrawals, account holders stand to earn bonus interest. Account access comes via online, mobile, phone, and branch banking. Suncorp Bank also provides account holders with an array of banking related teaching tools.

What term deposits are offered by Suncorp Bank?

  • Term Deposit - Suncorp Bank term deposits give you the ability to earn high interest on locked-away portions of your money. You can invest as little as $1,000 in a Suncorp Bank term deposit, and terms vary from one month to 60 months. Depending on the term of the deposit, you can choose to get interest every month, quarter, bi-annually, annually, or at maturity.
Back to top

What are the pros and cons of Suncorp Bank accounts?

Pros

  • Number of options. No matter whether you require easy access to money in your account, or wish to make the most of your money by earning interest, you can be certain that Suncorp Bank has an account to suit your needs.
  • Branch and ATM network. Suncorp Bank has more than 200 branches spread across Australia, making it ideal for people who like banking in person. Account holders with Visa debit cards can access over 2,000 ATMs for free.
  • Award winning account for kids. The Suncorp Bank Kids Savings Account is an award winner, and provides children with tools that they can use to understand the complexities of banking.

Cons

  • Lack of branches. Compared to the big four, Suncorp has a lesser physical presence.
Back to top

How do I apply for a Suncorp Bank account?

Depending on the account you wish to open, you can apply online, over the phone, or by visiting a branch. If you wish to apply for an account that accepts online applications, simply click on the ‘Go to Site’ button, but make sure you meet the following eligibility criteria.

  • You meet account specific age requirements
  • You are an Australian resident
  • You meet minimum account opening balance requirements (if any)

Completing the application successfully requires that you provide the following information.

  • Details from identification documents like your Australian passport or driver’s licence
  • Your residential address, email address, and phone number
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

  1. 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

Ask a question
Go to site