There’s often not a lot of difference between bank accounts, but having a special interest rate of 0.05% is certainly one way to stand out. With the 2021 Mozo Experts Choice Award winning Suncorp Everyday Options Student account, there aren't any upfront or ongoing fees to watch out for and there are a few cost-friendly features for travellers. To get access to the Suncorp Everyday Options Student account you will (as the name implies) need to be a full time student though.
If you’re a full-time student deciding between stashing your cash in paper bag under your bed or putting it in a bank, we suggest the latter. One account you may want to consider is the Suncorp Everyday Options Student account.
This account comes with a stellar 0.05% interest rate. Just keep in mind that to qualify for this special rate you’ll need to make sure you transfer money from your main account into one of the nine linked Everyday Options sub-accounts.
A bumper interest rate on a everyday bank account? Well, surely the account has fees? Nope, not only can you earn a little extra through interest, but you won’t be losing any money each month by having to pay account fees.
The account also allows you to use and access your money in a number of ways: in-branch, over the phone, on the internet and more, all for free. You can even use the attached Visa Debit Card to withdraw money from ATMs abroad (without any fees from Suncorp) and to make international purchases (without foreign exchange commission).
No need to overthink this one, students are going to benefit from this account most; as well as being the only ones who can get access to it - you’ll need to show your student card each year to keep the account open.
While the account comes with a lot of features, it currently doesn't support Samsung Pay.
Balances from $0: 0.00% p.a.
Balances from $1: 0.01% p.a.
Balances from $0: 0.00% p.a.
Balances from $1: 0.05% p.a.
Rate for amounts deposited into linked Everyday Options sub-account.
$0.00
n/a
Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone and internet
$0.00
Suncorp, RediATM
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
0%
$0.00 monthly
$0.00
$0.00
$1,000.00
no
no
yes
yes
yes
yes
yes
Must be a full-time student. Must show valid student card at the beginning of each year to waive monthly fees.
Can link to Everyday Options Sub-account and flexiRates for higher variable interest rates
none
none
none
$0.00
$0.00
0%
Apple Pay, Google Pay, PayID
From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp's branches are spread mainly throughout Queensland, Victoria and New South Wales, but are expanding into other states.
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
UBank
USpend Transaction Account
$0.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.
