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Suncorp Growth Saver Account

Suncorp Growth Saver Account

Maximum Variable Rate


Standard Variable Rate

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Earn bonus interest each month you grow your net balance by at least $200 (excluding interest) and make no more than one withdrawal.

  • Maximum interest rate of 1.90% p.a.
  • No monthly account keeping fees
  • Bonus interest helps you grow your balance and save

Product details

This account is designed to help you grow your savings balance. It offers bonus interest each month you grow your net balance by $200 or more (excluding any interest earned in the month) and make no more than one withdrawal.

Read on to learn more about the features of this high interest savings account, and how the bonus interest works.


There’s no debit card attached to the account, so you won’t fritter your money away on everyday purchases, which is great if you’re trying to save for a long-term goal.

Product Name
Suncorp Growth Saver Account
Maximum Variable Rate
1.90% p.a.
Standard Variable Rate
0.20% p.a.
Bonus Variable Rate
1.70% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Phone Banking
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age


No account-keeping fees

There are no monthly account-keeping fees or fees to set up the account, so every dollar you save helps you get closer to your savings goal.

Earn up to 1.90% p.a. interest on your balance

This account offers a competitive maximum interest rate of 1.90% p.a. each and every month you meet the account conditions. To earn the maximum interest rate, you simply need to grow your closing balance on the last day of the calendar month by $200 or more compared to the closing balance on the last day of the previous month, and make no more than one withdrawal. Any interest earned within the calendar month does not count towards the minimum $200 growth requirement for bonus interest.

Earn 0.20% p.a. if you don’t meet the account conditions

If you don’t meet the conditions, you’ll earn the standard interest rate of 0.20% p.a. on your money. But don’t worry, if you don’t meet the conditions one month, you’re still eligible for bonus interest the next.

Online-only account

This savings account is online only, so there’s no debit card attached. This is good if you’re often tempted to spend as you won’t have easy access to your funds for daily purchases. However, if you do need to withdraw some money, simply transfer some money to your linked Suncorp transaction account via mobile or Internet banking. You are also not able to perform direct debits or BPAY transactions with the Growth Saver account.

Mobile app available

Keep an eye on your savings and check your balance wherever you are via Suncorp’s mobile banking app. Use the app to make quick and easy transfers between your Suncorp accounts and manage your money on the go. Remember, you're able to make one withdrawal from your Growth Saver (by transferring money from your Growth Saver to another account) each month, but you must grow your closing balance on the last day of the month by at least 200 (excluding interest) compared to the closing balance on the last day of the previous month to earn the bonus interest. This means if you make one withdrawal during the month, you'll need to replace the amount withdrawn plus meet the 200 (excluding interest) growth requirement.

You can log in to the app securely with a PIN, your fingerprint or even facial recognition. The app is free to download via Apple's App Store or Google Play.

Internet banking available

When you’re in front of a computer, you can use Internet banking to manage your money instead of using the app. Plus, you can take advantage of the free-to-use Budget Tracker within the Internet banking portal to keep on top of your savings progress.


  • Maximum interest rate of 1.90% p.a.
  • No monthly account keeping fees
  • The monthly growth requirement of $200 to earn bonus interest is lower than what's required with some other savings accounts available


  • Standard interest rate of just 0.20% p.a. if account conditions are not met

How to apply for the Suncorp Growth Saver account?

If you’ve compared your options and have decided this is the right account for you, you can easily apply in less than 10 minutes. Before you do, make sure you meet the eligibility criteria and have the necessary documents handy.


  • Minimum age requirement. You must be at least 11 years of age to apply for this account.
  • Residency requirement. You must be an Australian permanent resident or citizen with a residential address in Australia.

Documentation needed

  • Personal identification. To verify your identity, Suncorp will need information from two separate forms of ID, such as your driver’s licence, proof of age card, passport, Medicare card or birth certificate.
  • Existing account details. If you already have an account with Suncorp, you won’t need to verify your identity again when opening this account.
  • Personal details. You’ll need to provide your full name, date of birth, phone number and your Australian residential address.
  • Tax File Number (TFN). This isn’t mandatory, but if you don’t supply Suncorp with your TFN, Suncorp will apply the highest marginal tax rate to your interest earnings.
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10 Responses

  1. Default Gravatar
    FredSeptember 18, 2019

    Is the Suncorp Growth Saver Account covered by the covered by the Government Guarantee Scheme up to $250,000?

    • Avatarfinder Customer Care
      JhezSeptember 19, 2019Staff

      Hi Fred,

      Thank you for your comment.

      Upon checking, Financial Claims Scheme (FCS) under the Banking Act 1959 applies to the deposit accounts you have with Suncorp. Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution.

      Yes, Suncorp Growth Saver Account is covered by FCS.


  2. Default Gravatar
    JoshSeptember 12, 2019

    Can you have joint names on this saver?

    • Avatarfinder Customer Care
      CharisseSeptember 13, 2019Staff

      Hi Josh,

      Thanks for reaching out to Finder.

      Yes. Suncorp Growth Saver account can be opened by joint applicants, 11 years of age or older.

      The joint account will be set up as “any to operate” which means that either account holder is authorised to withdraw funds from the account and complete transactions on behalf of both account holders.

      You can also contact Suncorp at any time to change your account permissions.

      I hope this helps.


  3. Default Gravatar
    StanMarch 25, 2019

    In order to qualify for the bonus interest does it mean that although you are allowed to make one withdrawal in a month, you need to replace at least that withdrawal amount plus the $200 dollars deposit by the end of the last day of the next month? In other words, the account must never fall below the the original deposit amount plus $200 each month, for the bonus interest to apply?

    • Avatarfinder Customer Care
      JeniMarch 26, 2019Staff

      Hi Stan,

      Thank you for getting in touch with Finder.

      That’s right. So long that you grow your balance by more than $200 (excluding interest) and make no or just one withdrawal each month then you meet the bonus interest criteria.

      I hope this helps.

      Thank you and have a wonderful day!


  4. Default Gravatar
    GordoMarch 22, 2019

    Maximum account balance?

    • Avatarfinder Customer Care
      JeniMarch 23, 2019Staff

      Hi Gordo,

      Thank you for getting in touch with Finder.

      No maximum account balance. This Growth Saver Account is a high interest savings account designed to reward you for regular saving and there is no minimum or maximum balance requirements, no monthly account keeping fee, bonus interest is available, and full store access to make deposits and withdrawals.

      I hope this helps.

      Thank you and have a wonderful day!


  5. Default Gravatar
    KamillaMarch 14, 2019

    Do I have to have any other accounts open with Suncorp to be able to have Suncorp Growth Saver Account?

    • Avatarfinder Customer Care
      CharisseMarch 15, 2019Staff

      Hi Kamilla,

      Thanks for reaching out to Finder.

      No, you are not required to open or link another Suncorp account like an Everyday account to be able to open a Suncorp Growth Saver Account.

      I hope this helps.


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