Suncorp Bank announces interest rate changes
Suncorp Bank has announced new interest rates for home loan and savings customers following the Reserve Bank of Australia’s decision on Tuesday, 6 June 2023.
From 16 June, Suncorp Bank will increase home loan variable rates by 0.25% per annum (p.a.).
This increase means that for every $100,000 of loan balance remaining on a customer’s 25-year variable loan, they can expect their monthly repayments to increase by around $14.
To support savers, the Suncorp Bank Growth Saver at-call account interest rate will increase to 4.85% per annum from 15 June 2023.