The growth saver account seems good when you take it out and it will work for you, if you don't intend to withdraw any of your money out. It needs to grow by $200 a month, so, if, for instance you deposit $250 every month and one month you make one withdrawal of $51 (therefore only growing your account by $199 that month) then you lose your bonus interest for that month which is the only reason to have this account in the first place as the standard interest is pathetic (around $50 for a million dollars deposit).
Been with suncorp for over 10 years now and i would highly recommend them to anyone who is opening a new account or changing from another bank just like it did.
I have been with Suncorp for 39 years and see no valid reason for ever wanting to be with anyone else. Great insurance, great loans, and great banking.
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Was caught out not getting my bonus interest of $600 because I didn't replace the money withdrawn with at least $200 more by the end of the month.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.
Deposit $2,000 each month and make 5 eligible payments from your Go Account. If you are between 18 and 25 deposit $1,000.
Bonus rate for first 3 months, reverting to 0.15% rate after
Make at least 1 deposit and no more than 1 withdrawal, including internal transfers or external payments.
Bonus rate for the first 4 months from account opening
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