Account Details APY Updated; Suncorp Bank 6 Month Term Deposit: 2.05%. In accessing Suncorp's site you agree to our, Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. For standard variable rates there is information going all the way back to 1959. From 16 September, Suncorp Bank will increase home loan variable rates by 0.50% per annum (p.a.). Register for Internet Banking Need some help? Suncorp cut owner-occupier rates by up to by up to 0.76 . Home Loan Interest Rates Home Loan Special Offer Interest Rates Below are our discounted interest rates for eligible customers who Package their new Standard Variable or Fixed Rate home loan (new borrowing's over $150,000) with our Everyday Options transaction bank account as part of our Home Package Plus Also once you have decided which type of loan you are interested in you can book an in-person meeting with a lender. Foreign exchange fee. Learn how we maintain accuracy on our site. Your browser version is no longer supported, so you may experience issues while using this site. are still separate companies, with different objectives, incentives, target markets, liquidity, and cost structures. Also question is, is Suncorp part of Citigroup? Here are the seeds of the 2024-25 house price boom. You can work down the loan with unlimited repayments which can be redrawn if you ever need them. From 17 June, Suncorp Bank's variable rate term home loans will increase by 0.50% per annum. From time to time we may send you information about products or offers from Suncorp. Please upgrade to a current browser to enjoy the best experience. Where is my nearest ATM? Suncorp interest rate rise. To support savings customers, from 15 June, Suncorp Bank will also introduce a new term deposit rate of 2.30% per annum for 12 months, and increase our savings account (Growth Saver) by 0.70%. Australian Retail Sales: January 2023 - Jumpin' Jack Flash. Copies of historical TMDs for credit card products can be obtained by calling13 11 55. For details of the fees applicable to these accounts please download theSchedule of Fees and Chargesfor other Suncorp Bank Personal Accounts. Must apply by 30 March 2023 and settle by 28 June 2023. New to bank lending $150,000. We are not owned by any Bank or Insurer and we are not a product issuer or a credit provider. Total interest . In accessing Suncorp's site you agree to ourOnline Terms & Privacy Statement. You will need identification such as a driver's license, passport or birth certificate. So I would suggest avoiding making my mistake and delay transferring EOM pay into any Suncorp offset, savings accounts or the like until it is fix. A comparison rate is a rate that indicates the true cost of a loan. product provider, We cannot provide you with personal advice or recommendations, Suncorp Home Package Plus Fixed Home Loan, Suncorp Home Package Plus Access Equity, Suncorp Access Equity (Line of Credit) Home Loan, https://www.finder.com.au/home-loans/suncorp-bank. In accessing Suncorp's site you agree to the terms and conditions outlined in the disclaimer. Interest rates and housing affordability came in at 9.3 per cent, while just 1.3 per cent said Covid was the most important issue. Are you buying a home or looking to refinance? is calculated by subtracting a discount of 2.76% from the Standard Back to Basics Variable Rate (currently 7.65% p.a.). Your dedicated lender will review your application and reach out to you in the next business day to discuss your options and answer any questions you have. Are you buying a home or looking to refinance? Commonly asked questions What is a security token and how do I order one? This policy provides information about how Suncorp collects and uses data related to your online activity, and how you can choose to remain anonymous. Please ensure that you read these before accessing the site. You are paid interest for that part of your account balance that falls within each range, at the rate applicable to that range. Customers rate our Digital Home Loan experience. Final balance at the end of term would be, Suncorp-Metway Limited is a part of The Suncorp Group and is Australias sixth largest bank and third largest general insurance group. ","anchorName":"#how-do-i-apply-for-a-suncorp-mortgage"},{"label":"Lenders like Suncorp","anchorName":"#lenders-like-suncorp"},{"label":"More home loan questions","anchorName":"#more-home-loan-questions"}]}, Compare the best variable rate home loans, Big Four bank home loans current rates and offers. This feature is available on the Standard Variable home loan, using our Everyday Options account when the account if on Offset Mode. As you always know how much your repayment will be, you will know how much to put aside to cover it. The discounted rate (currently 5.04% p.a.) In accessing Suncorp's site you agree to our, Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. . Historic home loan rate averages over time In the graphs below you can see the average rate for several loan types. on Suncorp Banks 18-month Term Deposit. After that, an Early Payment Interest Adjustment (EPIA) fee may apply. With the RBA cash rate currently at 3.35 %, here's what economists at the big 4 banks are Note: Special Offer Interest rates quoted below are inclusive of a discount margin which is deducted from the Standard Interest Rate. Comparison rates for Interest Only Fixed Rate home loans are based on an initial Interest Only period equal in length to the fixed rate period. SNMCY (Suncorp Group) Interest Expense as of today (March 01, 2023) is $-580 Mil. This site will not function correctly without JavaScript enabled. ). Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please ensure that you read both the Securityholder Privacy Statement and the Suncorp Privacy Policy before accessing the site. In addition to home loans, Suncorp also offers. View our Suncorp Bank home loan interest rates, generate a home loan fact sheet or compare our home loan types. This means it won't rise, costing you more. We can also provide you with general advice and factual information on about a range of other products, services and providers. 4.84% Comp rate^ (p.a.) Receive $3k cash with a new home loan of $500k to <$1M. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan and read any disclosure documents (such as any Target Market Determination (TMD) and/or Product Disclosure Statement (PDS)) issued by the provider before making a decision. Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (Suncorp Bank). Aug, 2019. For other rate types the earliest available data starts much later in time. From 17 February, Suncorp Bank will increase variable rate term loans by 0.25% per annum (p.a.). These accounts can all be linked and accessed through a Visa debit card. Were committing to providing banking services that are good for your world, our world and the world. From August 12, Suncorp Bank will increase home loan variable rates by 0.50% per annum (p.a.). As well as being secured, the Suncorp Secured Car Loan also features a fixed rate. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group. Both secured and unsecured loans are available. 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. To see your current interest rates, select your account type from the list below: flexiRates. less the Home Package Plus discount (currently 3.09% p.a.). The discounted rate is only applicable to the 3 Year Fixed Rate loan while the loan remains in a Home Package Plus. Suncorp Group Limited ABN 66 145 290 124. Maximum LVR 60%. I have read and agree with the terms of Suncorp Bank Privacy Statement and Suncorp Group Privacy Policy*. Finder's digital asset trading is powered by Finder Wallet Pty Ltd (ABN 11 149 012 653) an AUSTRAC registered Digital Currency Exchange and reporting entity (DCE100735494-001). As a guide, for every $100,000 of loan balance remaining on a 25-year variable loan, customers can expect their monthly repayments to increase by around $26. Retail sales bounced back in January 2023 after an unexpectedly sharp fall in December 2022. Available to eligiable new home loan packages more than $150k. Customers can also calculate how their home loan repayments will change, using the, Customers who have questions regarding rate changes or who may be experiencing financial hardship can visit. Interest rate in a term deposit for 3 months new customer for $860000 Cancelling Direct Debits and Recurring Payments. Here are the key features and details you need to know about Suncorp's mortgage products. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. We provide tools so you can sort and filter these lists to highlight features that matter to you. . In accessing Suncorp's site you agree to the terms and conditions outlined in the disclaimer. Were committed to protecting your personal information and providing you a safe banking environment. Additional repayments of up to $500 in excess of your minimum monthly repayment are permitted. In accessing Suncorp's site you agree to the terms and conditions outlined in the disclaimer. Each comparison rate is based on $150,000 over 25 years. . Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. account fee $0.00 Payment Options Apple Pay, PayID, Google Pay . We use cookies and other related technologies to improve and tailor your website experience. Periods start from 1 month to 5 years with guaranteed returns. Lower interest rates. Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. Internet Banking BSB 484-799 Login to Internet Banking Customer ID Forgot your Customer ID? From time to time we may send you information about products or offers from Suncorp. Pre-approvals excluded.The discounted rate is available on eligible loans applied for from 17 February 2023. Please read the relevant Product Disclosure Statements before you make any decision regarding these products. Interest will be charged immediately from the transaction date. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Business chiefs have warned that economic growth is poised to slow as nine months of interest rate rises and energy cost increases take their toll on the economy. "Now we have building approvals in free-fall, the lowest in a decade. If there is more than 1 borrower on the new loan, only 1 payment will be made to those borrowers jointly. If you do not want to receive any of this information, just contact us on 13 11 55. The Target Market Determinationare also available. To be eligible you need to: be approved for and settle a new eligible Suncorp Bank home loan by 28 June 2023, have a Loan to Value Ratio of less than or equal to 90% including Lenders Mortgage Insurance, ensure the Loan amount is between $500,000 - $999,999, hold a Suncorp Bank transaction account in the same name of the borrowers on the loan. The best loan for you will depend on how you will use your loan and what your goals are. Variable interest rate. # COMPARISON RATE: ^ Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a Guaranteed Rate Fee, which must be selected at time of loan application. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt). If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. For a customer, this increase means that for every $100,000 of loan balance remaining on a 25-year variable loan, they can expect their monthly repayments to increase by around $26. Please ensure that you read these before accessing the site. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Sign up for our FREE 8-week course to get on the property ladder. Both Suncorp's fixed and variable rate loans allow you to make. Discounted Back to Basics Variable Rate with Better Together Special Offer. $0 account keeping or establishment fees Available for SMSFs This comparison rate is based on $150,000 over a term of 25 years and incorporates certain fees and charges that are applicable for the chosen product. 5.21% Max LVR 80.00% Application fee $0.00 Monthly repayment $2,371.89 Total repayment $853,880.40 Highlights Save on interest with a mortgage offset. Citigroup Pty Ltd ABN 88 004 325 080, AFSL 238098, Australian credit licence 238098 (Citigroup) is the credit provider and issuer of Suncorp Clear Options Credit Cards. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. Principal and Interest Repayments. Your browser version is no longer supported, so you may experience issues while using this site. The Target Market Determinationare also available. Asset and liability documents. You can apply online in as little as 20 minutes. Please read therelevant Product Information Document, Lending Fees and Charges and Home Package Plus Terms and Conditions before making a decision regarding any Suncorp Bank products. We use cookies and other related technologies to improve and tailor your website experience. Suncorp Bank Borrowing Calculator . Cannot see for any reason why those coming off their 2 to 3% honeymoon fixed rates would be losing any sleep when refinance options like this are as at TODAY March 2023 still available for refinance loans. Choose 1, 2, 3 or 5 year fixed terms (1 year rate shown above). Suncorp's package loans offer discounts on other finance and insurance products and lower fees. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. $0 monthly account keeping fees & option to add up to 9 sub-accounts. Identification documents. ~ Ends in 30 days Interest Rate 5.14% p.a Variable Comparison Rate* 5.51% p.a Australian Credit Licence 229882 Product info Product data updated on 28 Feb 2023 View all Suncorp Bank customer service * The Suncorp Bank Privacy Statement and Suncorp Group Privacy Policy outline how your personal information may be collected, used and disclosed. Owner Occupied. Feb 26, 2023 - 5.17pm. Are there any risks going with a smaller lender? Following the Reserve Bank of Australias cash rate decision, Suncorp Bank today announced new interest rates for home loan and savings customers. Suncorp Bank personal loans have a maximum amount of $80,000 and a maximum term of seven years. Suncorp Bank Growth Saver Account Important disclosure Growth Saver Account Compare Maximum rate 4.25%* p.a Base rate 0.35%* p.a Maximum monthly interest $55* Approximate calculation based on an initial deposit of $4000 and a recurring monthly deposit of $1000 for a duration of 12 months Total interest earned $453* If this Loan is eligible, the payment will be credited to a Suncorp Bank transaction account in the name of the borrower or all borrowers, (if there is more than one individual borrower) within 60 days of the settlement date of the Loan. cashback, SWIFT, Visa Debit, Copyright Suncorp-Metway Ltd ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882 (Suncorp Bank). Receive $3,000 when you take out or refinance with a Suncorp Bank home loan of $500k+, LVR 90%. Obesity rates have doubled over the last decade at an annual cost of almost $12 . Rates and discounts are subject to change and may be varied if the loan purpose or repayment type is changed or where the borrower fails to hold a Suncorp Bank transaction account. Total interest repayments vary between $4,290 and $14,531 over the life of the loan. Well reply within two hours or by the next business day. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. Home loan pre-approval is an optional step in the application process that some lenders offer. LIMITED TIME OFFER Save up to $11,250!## Pay no annual fee for the life of the loan if you take out a new Home Package Plus home loan of $150k+. But if your lender starts lowering rates you won't benefit either. In accessing Suncorp's site you agree to ourOnline Terms & Privacy Statement. If you are eligible, a payment of $3,000 will be made to the borrower. This rate incorporates certain fees and charges that are applicable for the chosen product. Alternatively, you can contact a mortgage broker or the specific lender you had in mind to discuss what they can find as the best for you. Combining your eligible home loan with the Suncorp Bank Home Package Plus means you save on interest and fees. Thinking about taking out a term deposit with Suncorp Bank? # COMPARISON RATE WARNING: Please read the relevant, Home Lending Interest Rate Guide (PDF442KB), Product Information Documents and Forms page, Package their new Standard Variable or Fixed Rate home loan (new borrowings over $150,000) with our, Combine a Back to Basics home loan (new borrowings over $150,000) with our. If you do not want to receive any of this information, just contact us on 13 11 55. Fixed RateRepayment certainty over a fixed term. Please upgrade to a current browser to enjoy the best experience. You can then also look at which loans have no annual fees or other costs involved. comparison rate*) Residential Fixed 5 Years: 45 basis point increase to 4.99% p.a. That's because brokers don't compare loans from every lender in the market. Today we are announcing Suncorp Bank's variable home loan interest rates will increase by 0.25% following the Reserve Bank of Australia (RBA) decision to increase the cash rate by 25 basis points. Suncorp Bank 3 Month Term Deposit: 2.05%. They have access to a panel of loans and often don't have smaller online lenders in their panel. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Plus, the account comes with no regular account keeping . Balances from $250,000: 3.30% p.a. Advertisement. Invest in a Suncorp term deposit with a minimum balance of $5,000 and a competitive interest rate. Discounted Standard Variable Rate in Home Package Plus. Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. You can also find more information on each individual product by clicking "more info". Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. Balances from $1,000,000: 2.45% p.a. However, please be mindful of any exit fees you may incur with your existing lender as well as application or start-up fees that may be charged by your new lender. You are about to post a question on finder.com.au: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); does Suncorp have senior access home loans. Cash advances. Please enable JavaScript in your browser. Rates and discounts are subject to change. Products and services including banking and insurance (including home and car insurance) are provided by separate companies in the Suncorp Group. COOKIE AND DATA POLICY In 2001 The Suncorp Groups customer base expanded significantly by the acquisition of general insurance companies, Read our important disclosures and general advice warning. Suncorp Group Limited ABN 66 145 290 124. More information is available on our website or by visiting a Suncorp Bank branch. July 2022 rate rise: 50 basis points; Applies to: Variable rate home loans; Effective date: 15 July 2022; Announcement date: 6 July 2022; Other info: Suncorp will also increase its Growth Saver account by 0.70% p.a. deposit compare rates. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. Offer subject to change. Registered office: Level 23, 80 Ann Street, Brisbane QLD 4000. What are the current interest rates on $25,000 invested for 12 months in a term depost with you? The objective of the delivery program is the design, build, execution . However, we aim to provide information to enable consumers to understand these issues. What are Suncorp Bank's Interest Rates? The Standard 3 Year Fixed Rate applicable on the day of settlement of the loan will be used to calculate the applicable discounted fixed rate unless the rate has been secured by paying a Guaranteed Rate Fee, which must be selected at time of loan application. Savers can now also earn 3.50% p.a. Regards A rate that is variable and is subject to change over the loan term. When you combine your fixed rate home loan with the Home Package Plus you may be eligible for discounted interest rates for a fixed period of time. Suncorp Bank has announced that it will increase its variable home loan interest rates by 0.25% following the Reserve Bank of Australia's decision to increase the cash rate by 25 basis points. Acceptance by insurance companies is based on things like occupation, health and lifestyle.