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Compare Suncorp Bank savings accounts

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

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Suncorp Bank

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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

Suncorp Everyday Options Account

Bank Account Offer

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.

  • Monthly account fee: $0
  • Linked debit card: Visa
  • ATM withdrawal fee: $0
  • Overseas EFTPOS fee: 3%
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Promoted
Data indicated here is updated regularly
$
Name Product Card access ATM Withdrawal Fee Fee Free Deposit 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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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
Suncorp Growth Saver Account
1.1%
0.1%
1%
$0
Ongoing, variable 1.1% 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
0.1%
0.1%
0%
$0
Ongoing, variable 0.1% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp eOptions
0.1%
0.1%
0%
$0
An online high interest savings account.
Suncorp Kids Savings Account
1.1%
0.7%
0.4%
$0
Ongoing, variable 1.1% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.
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Data indicated here is updated regularly
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
0.45%
0.65%
0.45%
0.45%
0.70%
0.60%
0.75%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
0.80%
0.75%
0.65%
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
0.80%
0.75%
0.65%
An online savings account for your business with the option of fixed interest rates.
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Data indicated here is updated regularly
$
Name Product Card access ATM Withdrawal Fee Fee Free Deposit 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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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
Suncorp Growth Saver Account
1.1%
0.1%
1%
$0
Ongoing, variable 1.1% 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
0.1%
0.1%
0%
$0
Ongoing, variable 0.1% p.a. when you maintain a minimum balance of $0.01 and over. Available on the entire balance.
Suncorp eOptions
0.1%
0.1%
0%
$0
An online high interest savings account.
Suncorp Kids Savings Account
1.1%
0.7%
0.4%
$0
Ongoing, variable 1.1% p.a. when you deposit $20+ and make only one withdrawal each month. Available on balances more than $0.01.
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Data indicated here is updated regularly
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
0.45%
0.65%
0.45%
0.45%
0.70%
0.60%
0.75%
Lock away a portion of your money and earn guaranteed interest.
Suncorp eOptions flexiRates
0.80%
0.75%
0.65%
Lock in an amount and term of your choosing to earn a higher interest rate.
Suncorp Business Saver Account flexiRates
0.80%
0.75%
0.65%
An online savings account for your business with the option of fixed interest rates.
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Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
Westpac Life (18-29 year olds only)
3%
0.4%
2.6%
$0
You can earn an ongoing, variable 3% p.a. each month you grow your balance (excluding interest earned) and make 5+ debit card purchases from your linked Westpac Choice transaction account. The maximum variable rate of 3% p.a. is available on balances up to $30,000 for customers aged 18-29.
Westpac Life (18-29 year olds only)
0.75%
0.4%
0.35%
$0
You can earn an ongoing, variable 0.75% p.a. each month you grow your balance (excluding interest earned) and make 5+ debit card purchases from your linked Westpac Choice transaction account. The maximum variable rate of 0.75% p.a. is available on balances up to $30,000 for customers aged 18-29.
MyState Bank Bonus Saver Account
1.5%
0.15%
1.35%
$0
Ongoing, variable 1.5% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $250,000.
MyState Bank Bonus Saver Account
0.15%
0.15%
0%
$0
Ongoing, variable 0.15% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $25,000,000.
Bankwest Hero Saver
1.15%
0.01%
1.14%
$0
Ongoing, variable 1.15% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
Bankwest Hero Saver
0.01%
0.01%
0%
$0
Ongoing, variable 0.01% p.a. rate when you deposit at least $0 each month and make no withdrawals. Available on balances up to $250,000.
Westpac Life
0.75%
0.4%
0.35%
$0
Ongoing, variable 0.75% 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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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?

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What transaction accounts are provided by Suncorp Bank?

  • 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.
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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.
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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

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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

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