SUNCORP Suncorp flexiRates

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Headline interest rate
-

Monthly fee
-

Account type
Term deposit

Moneybuddy says

Flexible term deposit option from Suncorp requiring no minimum balance and offering daily interest calculation.

The Basics

Interest paid Quarterly

Interest calculated Daily

Headline interest rate -

Monthly fee -

Account type Term deposit

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Online access -

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access -

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

SUNCORP says

Earn guaranteed rates of high interest on your savings

flexiRates allow you to fix the interest rate applying to a portion of your balance for a set period of time.

flexiRates have been designed to maximise the amount of interest you can earn.

How do flexiRates work?

Say you had $10,000 in your account, earning variable interest of 7.00% p.a. If you knew you only needed to access $2,000 in the near future, you might wish to fix the remaining $8,000 in a flexiRate for 6 months for 7.40% p.a, if that was the applicable rate at the time.

You are in complete control over what balance you decide to 'fix' and you can choose any period you like between one month and one year.

flexiRates are designed to take advantage of movements in the Australian Money Market, by allowing you to fix the interest rate applying to a portion of your balance for a set period of time.

Therefore, the flexiRates on offer can change daily, but once you setup a flexiRate, your money is guaranteed to earn the selected rate as long as the nominated period is completed.