I've been with Suncorp for many years as well as other banks and they are always great to deal with. Just a better bank offering better interest rates.
Bonus interest went from 1.8% to 1.6% in the space of a month or two with several changes. No real information pushed through to the customer about this and have to go out of you way to find. Long term Suncorp customer but will put my savings back with another bank.
Was caught out not getting my bonus interest of $600 because I didn't replace the money withdrawn with at least $200 more by the end of the month. Thought you had to make 1 deposit a month and 1 withdrawal to get the bonus. Didn't realize the balance at the end of the month had to be $200 higher than at the beginning. Wasn't well explained to me when we signed up. An expensive lesson.
Suncorp have given me the option to add sub accounts so I utilise them for savings, spendings and general. It's easy to use by phone, internet or in store and has no additional charge.
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Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.
No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.05% rate after*
Minimum deposit of $200 and no withdrawals in the month.
Make 5 or more successful card purchases per calendar month using your Up debit card and digital wallets (ATM transactions excluded).
Increase balance by at least $300 in the month
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