- Has branch access
- Has no ongoing fees
- Has no minimum balances
- Must satisfy conditions
Has eftpos facility
Has phone facility
Has branch access
Joint application available
Minimum age restrictions
Is online only
Maximum age restrictions
Minimum opening deposit
Has atm access
Minimum monthly deposit
Atm withdrawal fee
Account keeping fees
Overseas eftpos fee
Internet transaction fee
Over the counter deposit fee
Phone transaction fee
Over the counter withdrawal fee
Compare and review savings accounts with similar features
Suncorp Bank’s savings accounts include the eOptions savings account, which is a cardless, online-only savings account that has no account-keeping fee. There’s also the Everyday Options Sub-account, which allows you to link up to nine interest-earning savings accounts to an Everyday Options transaction account.
A Growth Saver account is also available with no account-keeping fee, offering a higher bonus interest rate if each month you can grow your net balance by $200 and make no more than one withdrawal. Another way to earn bonus interest is the FlexiRate option, provided you lock away part of your savings for up to 12 months. As well as savings accounts, there’s also a kids saver account for under-18s.
Suncorp also offers term deposits, credit cards, home loans, car loans, personal loans, insurance and investment services.
While personal loans and medium amount loans don’t offer guaranteed approval, there are steps you can take to help increase the likelihood of your application being approved, including:
- Fulfilling the eligibility criteria (providing ID, proof of residency, proof of income etc.)
- Checking your credit history (you can order one free copy of your credit file per year, and make sure that there aren’t any errors that may be bringing down your credit score)
- Comparing carefully before applying (making multiple loan applications can mean having your credit checked multiple times, which can look bad to some lenders and reduce your chances of being approved by them)
As banks frequently change their rates, the most accurate way to look at interest rates on savings accounts is to use a savings accounts comparison tool. When you look at the savings rate check what the maximum and minimum rates are. Often banks will offer you a promotional rate for the first few months which is competitive, but then revert back to a base rate which can sometimes be less than inflation. Ongoing bonus rates are often a safer bet as they will keep rewarding you with the maximum rate, provided you meet their criteria
It’s not usually possible to set up a direct debit from your savings account to cover ongoing expenses or bills, as savings accounts are structured around growing your wealth by earning interest on regular deposits, and discouraging withdrawals.
Some transaction accounts allow you to set