In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question
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Suncorp Business Saver Account (flexiRates)

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Suncorp Business Saver Account flexiRates
Interest rate 12 months interest rate
Up to 4.7% p.a.
Minimum opening deposit
$0
Account keeping fee
$0

Summary

Maximise your business’s savings with a flexible account that allows for a higher rate of interest on portions you don’t need.

Suncorp Bank’s Business Saver Account provides you with a safe haven for your excess working capital. Pay no monthly fees, yet still earn on the cash from a competitive interest rate on the entire balance. You are also given the option of flexiRates, a unique feature that permits you to further set aside a portion of the balance to receive a fixed rate for a set period of time.

Pros

  • Unlimited transactions online
  • $0 monthly account fee

Cons

  • Charges on external transfers may apply

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Suncorp Business Saver Account flexiRates
3 month interest rate 4.20%
6 month interest rate 4.60%
9 month interest rate 4.15%
12 month interest rate 4.70%
Minimum Opening Deposit $0
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability Yes
Min Deposit $0
Available to children Not available for children

Key features

$0 monthly fees

This account is free from any fees or charges applied monthly.

No transaction fees

You are allowed an unlimited number of transfers to and from the account at no charge, with the exception of any external transfers. Those will incur a fee of $2 per transaction.

Launch savings calculator


How to apply

Eligibility

If after comparing the various business savings accounts available, you have found this one meets your needs, you can begin filling out an online application. There will be some initial eligibility requirements that you will have to confirm before proceeding to the actual application:

  • Minimum age. Applicants must be at least 18 years of age to apply for this account.
  • Residency requirements. All applicants must be an Australian resident for tax purposes. In addition, the business needs to be registered to operate within Australia.

Compare other business savings accounts

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Zeller Business Savings Account
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AMP Cash Manager
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Standard Variable Rate p.a.
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ANZ Business Online Saver
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Standard Variable Rate p.a.
1.25%
Intro Period
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The Mutual Bank Cash Management Account
Maximum Variable Rate p.a.
0.05%
Standard Variable Rate p.a.
0.05%
Intro Period
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  • N/A
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ING Business Optimiser
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
0.60%
Intro Period
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Government Guarantee
Monthly Max Rate Conditions
  • N/A
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The Mutual Bank Business Maximiser Account
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
1.85%
Intro Period
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Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Jerome

February 01, 2023

Is the Suncorp Business Saver Account (flexiRates) 4% for 6 months only for businesses?


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Alison Banney Finder

February 22, 2023

Hi Jerome,

The Business Saver Account is for business customers only. However, you can also access the flexiRates via a Suncorp Everyday Options account, which is for personal customers: https://www.finder.com.au/bank-accounts/suncorp-bank-savings-accounts/suncorp-everyday-options-account


Thanks,

Alison


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