Suncorp Customers

Suncorp Bank announces interest rate changes

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Following the Reserve Bank of Australia’s cash rate decision, Suncorp Bank today announced new interest rates for home loan and savings customers.

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Suncorp Bank announces interest rate changes

For home loan customers

From 16 September, Suncorp Bank will increase home loan variable rates by 0.50% 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 $26.

For deposit customers

Savers can now also earn 3.50% p.a. on Suncorp Bank’s 18-month Term Deposit.

#Where customers can find more information:

  • Customers can calculate how much their home loan repayments will increase via the Home Loan Repayment Calculator | Suncorp Bank.
  • Sign up to our Everyday Account which has no monthly fees or currency conversion charges, and the option to have up to nine sub-accounts to help customers reach their spending and savings goals.
  • Activate offset mode which utilises the savings in their Everyday Options Account and sub-accounts, to offset their mortgage and reduce their interest costs.

More information is available on our website or by visiting a Suncorp Bank branch.

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