Suncorp Bank reduces variable interest rate by 0.25% p.a.

5 February 2015

Suncorp Bank today announced it will reduce its variable home loan interest rate by 0.25%p.a., effective 27 February 2015.

Suncorp Bank’s standard variable rate on home loans will drop to 5.74%p.a.

Suncorp Bank Chief Executive Officer, John Nesbitt, said the decision to cut interest rates was good news for borrowers, small businesses, agribusinesses and retail.

“Interest rates are now at the lowest they have been in more than 40 years, making it a good time for not only current borrowers to consider their home loan options, but also for those looking to enter the property market or invest in their business,” Mr Nesbitt said.

“We are also pleased to see our business and agribusiness customers benefiting from the rate cut.”

Suncorp Bank continues to offer one of the most competitive home loan propositions in market with its multi award-winning Home Package Plus*.


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Media Inquiries: Ashleigh Paterson 07 3135 2562 or 0407 925 665


About Suncorp:
Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 15 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers.


*2014 AFR Smart Investor Blue Ribbon Award for Best Premium Banking Package, Canstar Outstanding Value award for Packaged Home Loans (Property Investors), Money Magazine Best of the Best Awards 2015 for Best Line of Credit Loan Bank and Cheapest Home Loan Package Bank.