With goals in mind, smart decisions can make saving a little easier and may get you where you want sooner. One goal or many – saving for a car, a trip, a first home, maybe a wedding or a family, it’s all about your priorities and that’s something we can help you with at Suncorp Bank.
A good life/savings balance is about reaching your goals without the grind and with money to enjoy day to day. With smart planning, you can have enough money and enjoy yourself along the way. That’s smart – and we’re here to help you do it.
Solutions & Options
Planning and sound banking choices can help keep you on track with saving - and help you reach your goals the way you want, when you need to.
You’ll need a basic account for your day-to-day transactions and for longer term goals a high interest saving account. Here are some of our banking options which may suit savers:
- Everyday Basics Account for basic, day-to-day transactions, no fees and full card and internet access to your money.
- Everyday Options account for easier budgeting, by allowing you to manage your everyday transactions and multiple savings accounts via Internet Banking. Provides you with unlimited free Suncorp Bank transactions and competitive interest.
- eOptions a high interest, online savings account that maximizes your savings.
- Joint accounts can be set-up with your partner, if you’re working towards a shared goal.
- Personal Loans to help you lead the life you want – and enjoy the things you need sooner.
- Home Loans that are flexible and packed with features that help you pay your loan off sooner.
- Credit Card Options with a loyalty bonus, competitive rates, easy access and interest free period.
Tips and Tools
What do you want in life?
Make a list of what you’d like to achieve through saving. That’s your first smart move - you’d be surprised how many people don’t do it. The second smart move is sticking to your budget to help achieve those savings goals.
Identify what you need now and where you’d like to be in 25 years.
- Start with the small things - short-term goals for 6 months and then the bigger picture - 1 year, 5 years, 10 years and 25 years.
- Your list should include what you need now, in the near future and in years to come.
- Each of these needs/goals should have a time horizon – a clear time you would like it reached.
- List your financials – income and outgoings, what you need to live on and what you can afford to set aside. Be realistic. If you need to eat out regularly and have high entertainment expenses - factor this all in.
- Our Banking Budget Planner is a good place to start.
Sounds like a plan
We suggest committing to making a savings plan as your first decision. How are you managing your money now? Do you run out of cash before your next pay? Can you be smarter?
We’ve all got different needs and priorities so there’s no one-fits-all solution – we can help you tailor your savings solutions to suit your needs.
- Your needs may be immediate, like buying a car or planning to see more of the world. You may not want to wait years, so you should consider whether you can get your dollar working better by changing the way you bank?
- If you’re renting, you may be able to purchase your own place rather than paying off someone else’s mortgage.
- Whatever you’re saving for - a car, a wedding, a trip, a family, a home, or reducing existing debt; if it’s a long way off or just around the corner, you may get more out of your pay cheque if you plan.
- Strike the balance between having fun now and being well set-up when you may need more security. As your lifestyle and needs may change, you can simply make adjustments.
- You may be starting out, but you don’t have to start from scratch – use our budget planners, lending calculators and goal savings calculators.
Saving and spending balance
Make savings the starting point of any budget – identify the amount you need each month to reach your goal. If you start saving with what’s left over at the end of the month, you’re working the wrong way round. Often, there’s rarely much to spare.
Once you’ve identified your goals and the amount you need to reach them, it’s easy to see if they’re achievable based on your income.
To help you reach your savings solutions, as well as prioritizing your spending, you’ll need to prioritise your goals and adjust timelines realistically.
Smart savings and loans
Loan options – personal and home, are designed to suit a range of needs and time frames. Speak to us about optimising your banking and what the possible savings account and loan options are. Do you have a busy routine? Are you single or do you have a growing family, are you self employed? - with smart banking, you can make the most of your savings, and your time.
There are high interest options for longer-term deposits and lower interest rates for money on daily call. Matching the length of investment to your goal date will help to give you better results. It’s the same for loans – variable rates and fixed rates offer different benefits.
The little extras that count
- With Suncorp Bank Internet Banking you can set-up balance alerts, where we’ll send you an email if you go below a set amount.
- Automated savings plan via Internet Banking allows you to transfer funds automatically from your everyday account to your savings account.
- If you register for Mobile Banking you can check balances and make transactions while you’re on the go.
- Over 1000 Suncorp Bank ATMs for fee free transactions plus convenience of EFTPOS for cash facility.
Keep in touch
Whether you need our assistance with transactions or do a quick do-it-yourself transaction, one way or another you can get in touch with us.
So come and talk to us face-to-face in one of our branches or over the phone on 13 11 75. Transactions are easy too – via Branch, Telephone or Internet Banking. As much help or as little as you need - with Suncorp Bank’s bright banking the choice is yours.