Business Banking Interest Rates

Below are interest rates for our deposit accounts, business loans as well as our older 'grandfathered' accounts.

 

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Interest Rates
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Business Everyday Account

Minimum Balance Annual Interest Rate
All Balances No Interest

Business Premium Account

Minimum Balance Annual Interest Rate
$500,000 and over 2.50% p.a.
$250,000 - $499,999 1.85% p.a
$100,000 - $249,999 1.10% p.a.
$50,000 - $99,999 0.80% p.a.
$20,000 - $49,999 0.30% p.a.
$1 - $19,999 0.00% p.a

Interest Rates Effective 9 December 2011.
Interest calculated daily and paid monthly on a tiered basis.

Business Saver Account

Minimum Balance Annual Interest Rate
All Balances 4.50% p.a.

Interest Rates Effective 9 December 2011.
Variable interest rate. Interest is calculated daily and paid monthly.

Business Saver Account flexiRates

Interest Type Annual Interest Rate
3 months 5.60% p.a.
6 months 5.75% p.a.
12 months#
or choose your own end date, log onto Internet Banking for today's rates		 5.05% p.a.
9 month special 4.75% p.a.

Interest Rates Effective 25 January 2012.
Interest is calculated daily on the whole balance of the nominated flexiRate amount and paid at the end of the flexiRate period. flexiRate interest is fixed for the nominated flexiRate period. The maximum flexiRate period is 1 year. An interest adjustment will apply if we allow you to release your flexiRate early.

Business Casual Overdraft
Reference Rate

Annual Interest Rate
Informal Overdraft 19.75% p.a.

Calculated daily and applied monthly to your account.

Farm Management Deposit - At Call

Minimum Balance Annual Interest Rate
$1,000 - $400,000 4.50% p.a.

Rates effective 12 May 2011
Interest is calculated daily and paid annually on anniversary of maturity.

Farm Management Deposit - Fixed Term

Term Interest Paid $1,000 - $49,999 $50,000 - $99,999 $100,000 - $400,000
1 month Maturity 4.00% p.a. 4.00% p.a. 4.00% p.a.
2 months Maturity 4.10% p.a. 4.10% p.a. 4.10% p.a.
3 months Maturity 5.00% p.a. 5.00% p.a. 5.00% p.a.
6 months Maturity 5.80% p.a. 5.80% p.a. 5.80% p.a.
9 months Maturity 4.30% p.a. 4.30% p.a. 4.30% p.a.
12 months Maturity 6.55% p.a. 6.55% p.a. 6.55% p.a.
24 months On anniversary & maturity 6.30% p.a. 6.30% p.a. 6.30% p.a.

Rates effective 12 May 2011
Monthly interest payments are available on terms 2, 3, 6, 9, 12 and 24 months at 0.30%p.a. below the rates listed in the table above.
Quarterly interest payments are available on terms 6, 9, 12 and 24 months at 0.25%p.a. below the rates listed in the table above.
Half yearly interest payments are available on terms 12 and 24 months, at 0.15%p.a. below the rates listed in the table above.

Business Ready Package

Minimum Balance Annual Interest Rate
All Credit Balances 3.75% p.a

Interest Rate is effective 9 December 2011.
Interest is calculated daily and paid monthly.


Small Business New Lending Rates*

Loan Type Rate p.a. - Residential Security
Business Essentials Variable Rate Term Loan 7.18% p.a.
1 Year Fixed
6.00% p.a.
2 Year Fixed
6.50% p.a.
3 Year Fixed 6.75% p.a.
4 Year Fixed 7.15% p.a.
5 Year Fixed
7.40% p.a.
1 Year Fixed Interest In Advance 5.85% p.a.
2 Year Fixed Interest In Advance 6.35% p.a.
3 Year Fixed Interest In Advance 6.60% p.a.
Small Business Overdraft 8.95% p.a.
Small Business Line of Credit 7.90% p.a.
Small Business Unsecured Overdraft
(no security required)		 13.74% p.a.

Interest Rates effective 19 December 2011
* Rates above apply when satisfactory residential security is provided (except for the Small Business
Unsecured Overdraft where no security is required). Add 0.50% for commercial security plus a further 0.50% for low doc. Low doc loans are not available on a Small Business Overdraft, Line of Credit or Unsecured Overdraft facilities. An additional margin or discount may apply depending on your circumstances. Ask us for details.

Small Business - Reference Rates - Existing Loans

Loan Type Rate p.a.
Small Business Mortgage Rate 8.84% p.a.
Small Business Basic Mortgage Rate 7.18% p.a.
Small Business Overdraft Reference Rate 9.94% p.a.
Small Business Line of Credit Reference Rate 8.94% p.a.
Small Business Base Rate 10.60% p.a.
Small Business Temporary Overdraft Rate 18.10% p.a.

Interest Rates effective 19 December 2011.
See your credit contract for details as to the Reference Rate and any margin which applies to your existing credit contract.

The above facilities are available to approved applicants only. Terms, conditions, fees and charges apply and are available on request. The interest rates above do not apply to facilities regulated by the National Credit Code.  Please ask us for details of rates applying to regulated Small Business facilities. Rates are subject to change

Business Credit Cards

Transaction Type Annual Interest Rate
Purchases 18.45% p.a.
Cash Advances 19.45% p.a.

Interest Rates effective 30 November 2010

Download the Schedule of Fees and Charges (PDF, 161KB) for other Suncorp Bank Business Accounts

Business Standard

Minimum Balance Annual Interest Rate
All Balances No Interest

Business Cheque

Minimum Balance Annual Interest Rate
All Balances
 No Interest

Business Management Account

Minimum Balance Annual Interest Rate
$500,000 and over
 2.30% p.a.
$250,000 - $499,999
 1.80% p.a.
$100,000 - $249,999
 1.00% p.a.
$50,000 - $99,999
 0.50% p.a.
$20,000 - $49,999 0.20% p.a.
$1 - $19,999 0.00% p.a.

Interest Rates Effective 9 December 2011.
Interest calculated daily and paid monthly on a tiered basis.

Business Investment Account

Minimum Balance Annual Interest Rate
$100,000 + 2.15% p.a
$50,000 - $99,999 1.00% p.a
$1 - $49,999 0.00% p.a.

Interest Rates Effective 9 December 2011.
Variable interest rate. Interest calculated daily and paid at month end on a tiered basis.

Business Investment Account - Options

Minimum Balance Annual Interest Rate
All Balances 4.25% p.a.

Interest Rates Effective 9 December 2011. Variable interest rate. Interest is calculated daily and paid monthly.

Business Investment Account flexiRates

Interest Type Annual Interest Rate
3 months 5.60% p.a.
6 months 5.75% p.a.
12 months#
or choose your own end date, log onto Internet Banking for today's rates 		5.05% p.a.
9 months special 4.75% p.a.

Interest Rates Effective 25 January 2012. Interest is calculated daily on the whole balance of the nominated flexiRate amount and paid at the end of the flexiRate period. flexiRate interest is fixed for the nominated flexiRate period. The maximum flexiRate period is 1 year. An interest adjustment will apply if we allow you to release your flexiRate early.

iBus Maximiser Account

Minimum Balance Annual Interest Rate
All Balances 4.30% p.a.

Interest Rates Effective 9 December 2011.
Variable interest rate.
# Interest calculated daily and paid monthly on a stepped basis.

iBus Maximiser Account flexiRates

Interest Type Annual Interest Rate
3 months 5.60% p.a.
6 months 5.75% p.a.
12 months#
or choose your own end date, log onto Internet Banking for today's rates		 5.05% p.a.
9 months special 4.75% p.a.

Interest Rates Effective 25 January 2012. Interest is calculated daily on the whole balance of the nominated flexiRate amount and paid at the end of the flexiRate period. flexiRate interest is fixed for the nominated flexiRate period. The maximum flexiRate period is 1 year. An interest adjustment will apply if we allow you to release your flexiRate early.

Business Finance Pak

Minimum Balance Annual Interest Rate
$50,000 and over 0.50% p.a
$20,000 - $49,999 0.01% p.a
$2,500 - $19,999 0.01% p.a
$1 - $2,499 0.01% p.a

Interest calculated daily and paid Half yearly on a tiered basis.