You can request access to your Term Deposit prior to the maturity date; however, unless grounds of hardship exist, your funds will not be made available to you until 31 days after the date we agree to the early withdrawal request or the maturity date (whichever is earlier).
Requests to break a term deposit immediately due to hardship are assessed by the Bank on a case by case basis. We may ask you to provide documentation to support your request for hardship.
Partial withdrawals of the amount invested are not allowed. The whole deposit amount must be withdrawn by way of payment to a nominated Suncorp Bank transaction or savings account.
If we agree to end your Term Deposit prior to the maturity date:
- You will not have access to the funds until after 31 days from the date we agree to your request
- You will lose a portion of the interest earned on your investment, calculated up to the date your Term Deposit is broken. The amount of interest you will lose will depend on how early in the investment term you seek to withdraw your funds.
- You will be charged a $30 Early Withdrawal Administration Fee.
|Proportion of Term Completed||Interest Adjustment|
|0-25%||80% of interest earned up to the date we allow you to withdraw your deposit|
|26-50%||60% of interest earned up to the date we allow you to withdraw your deposit|
|51-75%||40% of interest earned up to the date we allow you to withdraw your deposit|
|76-100%||20% of interest earned up to the date we allow you to withdraw your deposit|
Please Read our Product Information Document for more information.