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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Suncorp Bank

Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Suncorp Bank Kids Savings Account
Suncorp Bank logo
Maximum Variable Rate p.a.
4.45%
Standard Variable Rate p.a.
0.95%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $20
  • Only 1 withdrawal
Suncorp Bank Farm Management Deposit - At Call
Suncorp Bank logo
Maximum Variable Rate p.a.
2.00%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Suncorp Bank Business Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
2.25%
Standard Variable Rate p.a.
2.25%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Showing 4 of 4 results
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Suncorp Bank Carbon Insights Account
Suncorp Bank logo
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Suncorp Bank Everyday Essentials Account
Suncorp Bank logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Suncorp Bank Treasury Foreign Currency Deposit Account
Suncorp Bank logo
Apple Pay Google Pay19 currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
Card type
Visa
Suncorp Bank Business Premium Account
Suncorp Bank logo
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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Showing 5 of 5 results
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 11 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Suncorp Bank Term Deposit - $5,000+
Suncorp Bank logo
$5,000 min. deposit$99,999 max. deposit
3 Mths p.a.
3.90%
4 Mths p.a.
4.65%
5 Mths p.a.
3.40%
6 Mths p.a.
4.85%
7 Mths p.a.
3.60%
11 Mths p.a.
3.85%
12 Mths p.a.
4.25%
24 Mths p.a.
3.80%
More Info
Suncorp Bank Term Deposit - $100,000+
Suncorp Bank logo
$100,000 min. deposit$999,999 max. deposit
3 Mths p.a.
3.95%
4 Mths p.a.
4.70%
5 Mths p.a.
3.45%
6 Mths p.a.
4.85%
7 Mths p.a.
3.65%
11 Mths p.a.
3.90%
12 Mths p.a.
4.30%
24 Mths p.a.
3.85%
Suncorp Bank Term Deposit - $1,000,000+
Suncorp Bank logo
$1,000,000 min. deposit$1,999,999 max. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
4.75%
5 Mths p.a.
3.50%
6 Mths p.a.
4.85%
7 Mths p.a.
3.70%
11 Mths p.a.
3.95%
12 Mths p.a.
4.35%
24 Mths p.a.
3.90%
Suncorp Bank Farm Management Deposit - Fixed Term
Suncorp Bank logo
$1,000 min. deposit$49,999 max. deposit
3 Mths p.a.
3.45%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.00%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.60%
24 Mths p.a.
4.25%
Suncorp Bank eOptions flexiRates
Suncorp Bank logo
3 Mths p.a.
4.40%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.60%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
Suncorp Bank Business Saver Account flexiRates
Suncorp Bank logo
3 Mths p.a.
4.40%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.60%
7 Mths p.a.
-
11 Mths p.a.
-
12 Mths p.a.
4.00%
24 Mths p.a.
-
More Info
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Showing 6 of 6 results
1 - 12 of 185
Name Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Ideal for higher balances, savers can earn up to 5.4% for the first 4 months and up to 4.7% thereafter. There are no conditions and $0 account-keeping fees.
Rabobank High Interest Savings Account
Rabobank logo
Maximum Variable Rate p.a.
5.60%
Standard Variable Rate p.a.
4.35%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Ubank High Interest Save Account
Ubank logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
ING logo
Maximum Variable Rate p.a.
5.40%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Macquarie Bank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
5.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
Suncorp Bank Growth Saver Account
Suncorp Bank logo
Maximum Variable Rate p.a.
5.05%
Standard Variable Rate p.a.
0.35%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $200 each month (excl. interest)
  • Only 1 withdrawal
  • No balance limit on earning interest
Go to siteView details
Bank of Queensland Simple Saver Account
BOQ logo
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
4.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $5,000,000
Go to siteView details
Newcastle Permanent Smart Saver Account
Newcastle Permanent logo
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
ING logo
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
Earn up to 3.25% p.a. after the introductory period ends.
Rabobank PremiumSaver
Rabobank logo
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow your balance by $200+ each month
  • Balances up to $250,000
Go to siteView details
St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
1.85%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance $50 ($0.01 if under 21)
  • Balance up to $249,999.99
Go to siteView details
Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 12 of 12 results

Finder Awards badge

Congratulations, Suncorp!

Suncorp received the following highly commended awards in the 2024 Banking Product Awards:

  • 'Transaction Accounts'
  • 'Travel Debit Card'
Full list of 2024 winners

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.

What do Australians think of Suncorp bank account?

  • 4.19/5 overall for Customer Satisfaction — higher than the average of 4.11
  • 4.69/5 for Trust — higher than the average of 4.43
  • 4.12/5 for Customer Service — higher than the average of 4.07

Based on Suncorp bank account scores in Finder's 2024 Customer Satisfaction Awards.

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.

Compare other products from Suncorp Bank

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Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 625 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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2 Responses

    Default Gravatar
    ErnstOctober 27, 2019

    Are your term deposits guaranteed by the government?

      AvatarFinder
      JoshuaOctober 28, 2019Finder

      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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