Suncorp Bank announces interest rate changes
Following the Reserve Bank of Australia’s decision on Tuesday 7 February 2023 to increase the cash rate, Suncorp Bank announced new interest rates for home loan and savings customers.
From 17 February, Suncorp Bank will increase variable rate term loans 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.
Effective 16 February 2023, the Suncorp Bank Growth Saver at-call account interest rate will increase to 4.25% p.a.
#Where customers can find more information
Customers who have questions regarding rate changes or who may be experiencing financial hardship can visit Suncorp Bank personal and business banking online services, visit us in branch or call us on 13 11 55.