Suncorp Savings Accounts

Suncorp is a provider of a range of banking products such as savings accounts, transaction accounts, credit cards, home loans and personal loans. Suncorp also provides a variety of insurance products as well as superannuation.

What savings accounts does Suncorp offer? 

At the time of writing, Suncorp offers three savings accounts:

  • Growth Saver Account: A savings account that offers bonus interest if you add at least $200 to your balance a month and make no more than one withdrawal.
  • eOptions Savings Account: An online-only and cardless savings account.
  • Everyday Options Sub-Account: Link up to nine interest-earning savings accounts to an Everyday Options transaction account.

You can view the current interest rates of some Suncorp savings accounts in Canstar’s comparison tables.

Compare Savings Accounts

Doe Suncorp savings accounts require a linked transaction account?

Suncorp does require you to have a linked Everyday Options Account to make use of its Every Options Sub-Account. At the time of writing, Suncorp does not state whether you need a linked transaction account to use its Growth Saver Account and eOptions Savings Account.

You can compare transaction accounts with Canstar here to potentially find one that suits your requirements.

Does Suncorp charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. At the time of writing, Suncorp charges no account-keeping fees on its Growth Saver Account, eOptions Savings Account or Everyday Options Sub-Account.

What does Suncorp offer in terms of mobile banking for savings accounts?

Suncorp says you can access your money through its Mobile App, Internet Banking, at a Suncorp branch or over the phone. Suncorp’s Mobile App is available through the Apple and Google stores. Notable features of Suncorp’s mobile banking include:

  • Fingerprint, face or 4 digit login
  • Ability to update your card PIN
  • Quick balance check by swiping the login screen
  • Ability to temporarily lock your Visa card transactions

How do I apply for a Suncorp savings account?

Before applying for a Suncorp savings account, consider comparing it against other savings accounts on the market to ensure it’s the right one for you. 

Compare Savings Accounts

If you choose to apply for a Suncorp savings account, you can do this online, over the phone or at a Suncorp branch, provided you have the correct documentation.

To apply for a Suncorp savings account you must be 11 years or older and a permanent resident of Australia. Additionally, if you decide to apply online, Suncorp says you will need:

  • Your passport
  • Your driver’s license
  • A valid email address

Once your account is opened, Suncorp may require you to transfer in a minimum amount before your account can be activated – check the Product Disclosure Statement (PDS) document for more information on how much you might need to deposit.

About Suncorp

Suncorp opened its first branch in south west Queensland in 1902. Since then, it has grown into a top 20 ASX-listed company with $99 billion in assets, employing 13,300 people and serving close to nine million customers across Australia and New Zealand.

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Written by: Tamika Seeto | Last updated: June 11, 2019