
The Suncorp High Interest Savings Account is a great option for savvy savers who want to earn a higher return on their money. It offers a competitive interest rate of 3.00% p.a. for balances up to $250,000.
With this account, you can earn interest on your savings without locking them away. The interest is calculated daily and paid quarterly, providing a steady stream of income.
You can open a Suncorp High Interest Savings Account with as little as $1, making it accessible to everyone. This account is perfect for those who want to start saving without a large upfront deposit.
Why Choose Suncorp?
Suncorp offers a range of competitive interest rates, with some of its high interest savings accounts offering rates of up to 4.5% p.a.
You'll have access to a wide range of branches and ATMs, making it easy to manage your finances on the go.
Suncorp's online banking platform is user-friendly and allows you to view your account balances, make transactions, and pay bills from anywhere.
The bank offers a range of account options, including the Suncorp Everyday Options account, which is a fee-free account that earns interest on your balance.
Suncorp's customer service team is available 24/7 to assist with any queries or concerns you may have.
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Savings Options
You can earn interest without making a minimum monthly deposit with a Suncorp Bank Savings Account or Term Deposit. Deposits up to $250k are guaranteed, giving you peace of mind.
One of Suncorp's high interest savings account products is the Growth Saver, which offers bonus interest for meeting certain conditions. To qualify, you need to grow your net balance by at least $200 a month (excluding interest) and make no more than one withdrawal.
Here are some benefits of the Growth Saver Account:
- No monthly account keeping fee, so your money remains your money
- Bonus Interest for meeting the growth conditions
- Achieve your savings goals, good for saving steadily towards a goal like a home deposit or holiday
Earning IRM
Earning IRM can be a great way to boost your savings. To earn IRM, you need to grow your net balance by $200 or more, excluding interest, and make no more than one withdrawal during the month.
To meet the growth requirement, you'll need to contribute a significant amount to your account. For example, if you make a withdrawal of $600, you'll need to add at least $800 to your account before the end of the month to still earn IRM for that month.
If this caught your attention, see: Savings Account Transaction Limit

Suncorp Bank's Growth Saver Account offers bonus interest on your balance when you meet the account conditions. This can be a great incentive to keep your savings growing.
The bonus interest rate is a nice perk, but be aware that you can only earn it if you meet the conditions. If you make more than one withdrawal during the month, you'll miss out on the bonus interest.
Here are the conditions you need to meet to earn IRM:
- Grow your net balance by $200 or more (excluding interest)
- Make no more than one withdrawal during the month
Suncorp Growth Saver
The Suncorp Growth Saver is a high-interest savings account that rewards you for growing your balance.
You can earn bonus interest each month you grow your net balance by at least $200 (excluding interest) and make no more than one withdrawal.
This account is perfect for saving steadily towards a goal like a home deposit or holiday.
One of the best things about the Suncorp Growth Saver is that it has no monthly account keeping fee, so your money remains your money.
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To qualify for bonus interest, you need to grow your net balance by at least $200 a month (excluding interest) and make no more than one withdrawal.
Here's a quick rundown of the key benefits of the Suncorp Growth Saver:
- No monthly account keeping fee
- Bonus interest for meeting account conditions
- Perfect for saving steadily towards a goal
You can open an account online in just a few minutes, and start earning higher interest today.
Australians' Views on Bank Accounts
Australians have high praise for Suncorp bank accounts, with a customer satisfaction rating of 4.19/5, beating the average of 4.11.
Suncorp also stands out for its trustworthiness, with a rating of 4.69/5, significantly higher than the average of 4.43.
The bank's customer service is also a strong point, with a rating of 4.12/5, surpassing the average of 4.07.
These ratings suggest that Australians value Suncorp's bank accounts for their reliability and service.
Here's a breakdown of the ratings:
Benefits and Tools
Having a Suncorp High Interest Savings Account can be a great way to grow your savings over time, with interest rates of up to 2.65% p.a. available.
The account also offers a range of tools to help you manage your finances, including online banking and mobile banking apps.
You can make unlimited transactions and withdrawals without incurring any fees, making it easy to access your money when you need it.
The account also comes with a debit card, allowing you to make purchases and withdraw cash from ATMs.
Suncorp also offers a range of additional features, such as the ability to set up a direct debit to pay your bills.
Frequently Asked Questions
Which bank gives the 7% interest rate on savings accounts?
AU Small Finance Bank, Equitas Small Finance Bank, and Suryoday Small Finance Bank offer interest up to 7% on savings accounts, with varying average monthly balance requirements. Check the specific requirements for each bank to earn the highest interest rate.
Sources
- https://www.suncorpbank.com.au/bank-and-save/savings-accounts/growth-saver.html
- https://www.suncorpbank.com.au/bank-and-save/savings-accounts.html
- https://www.infochoice.com.au/institutions/suncorp-bank/suncorp-bank-savings-accounts
- https://www.finder.com.au/bank-accounts/suncorp-bank-savings-accounts
- https://www.ratecity.com.au/savings-accounts/suncorp-bank
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