Suncorp Cash Management Account

0.01% p.a.(for $5,000 to $20,000)

No Current Offer

Suncorp Cash Management Account

0.01% p.a.(for $5,000 to $20,000)

No Current Offer

Mozo Review   Suncorp Cash Management Account Review

Last updated: 27 March 2020.

What's hot:
  • Unlimited fee free Suncorp bank transactions

  • No minimum or maximum opening balance requirements

What's not:
  • $5 monthly account fee charged on balances under $20,000

Mozo snapshot:

Suncorp’s Cash Management Account is suited to anyone looking to store a large balance in one place. The account comes with no minimum or maximum opening balance requirements, plus the ability to make unlimited Suncorp bank transactions without incurring a fee.

Key features:

The Suncorp Cash Management Account comes with no minimum or maximum opening balance requirements, plus a standard interest rate of 0.01% p.a. to be earned on balances from $50,000 to over $500,000. 

On top of that, you won’t have to jump through hoops to access your funds, as unlike other savings accounts, this one actually comes with a Visa Debit Card and fee free access to Suncorp and rediATMs. 

The account does come with a $5 monthly account keeping fee, but this can be waived if you are eligible for Suncorp’s relationship waiver. The ‘relationship waiver’ applies if the balance across all of your Suncorp Bank Personal Deposit Accounts and term deposits adds up to $20,000 or more.

Who it's good for:

As Suncorp’s Cash Management Account is designed to manage larger sums of money, this account is perhaps more suited to someone who has large incomings from multiple sources, such as dividends or earnings from investments. 

Any catches?

If you're after a competitive interest rate then this may not be the account for you. Interest rates for all balances are capped at 0.01% p.a.

Details

Rates and fees information correct as at 1 April 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.01% p.a.
    Balances from $5,000: 0.01% p.a.
    Balances from $20,000: 0.01% p.a.
    Balances from $50,000: 0.01% p.a.
    Balances from $100,000: 0.01% p.a.
    Balances from $500,000: 0.01% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • Unlimited free Suncorp Bank transactions

  • $0.00

  • Suncorp, RediATM

  • n/a

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

Other financial bits
  • $0.00

  • $0.00

  • Monthly

Features
  • yes

  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • yes

  • no

  • none

  • none

  • none

Customer Reviews

How are Suncorp savings accounts rated by the Mozo community?

Overall customer rating
8.0/10
Price
7.2/10
Features
6.9/10
Customer service
8.1/10
Convenience
8.0/10
Trust
8.0/10

Latest reviews of Suncorp Cash Management Account

  • Overall 4/10
    Disappointed

    They don't do much to help people on disability in the line of money loans or access to better life or employment within the company, even with a degree or while studying a degree.

    Read full review

    They don't do much to help people on disability in the line of money loans or access to better life or employment within the company, even with a degree or while studying a degree.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    0/10
    Less
    Catherine, Queensland reviewed about 2 years ago
  • Overall 10/10
    Great customer service and advice

    They do not pressure you into other banking options.

    Read full review

    They do not pressure you into other banking options.

    Price
    9/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    Lynette, Queensland reviewed about 3 years ago
  • Overall 5/10
    Trustworthy company.

    Suncorp is reliable and trustworthy.

    Read full review

    Suncorp is reliable and trustworthy.

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    5/10
    Trust
    7/10
    Less
    Jessica, Queensland reviewed over 3 years ago
  • Overall 8/10
    Suncorp A+

    No real problems and quick service

    Read full review

    No real problems and quick service

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Thomas, Queensland reviewed over 3 years ago
  • Overall 10/10
    The best bank I have ever dealt with

    Never have a problem don't get charged to get my own money outand very good to deal with Thumbs up Suncorp

    Read full review

    Never have a problem don't get charged to get my own money outand very good to deal with Thumbs up Suncorp

    Price
    10/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Barry, Queensland reviewed almost 4 years ago
Suncorp

About Suncorp

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.

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