From 16 December, 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.
Savers can now also earn 4.00% p.a. on Suncorp Bank’s 7-month Term Deposit and 3.7% on a Growth Saver Account.