Suncorp Bank changes interest rates

Suncorp Bank changes interest rates


Following the Reserve Bank of Australia’s decision on Tuesday, 6 December 2022 to increase the cash rate, Suncorp Bank announced new interest rates for home loan and savings customers.


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.

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