If you’re looking for secure, simple and easy to understand investment options, Suncorp WealthSmart now offers the Suncorp Bank Deposit Fund and the Suncorp Term Deposit Fund.
- A competitive interest rate
- Low risk
- No fixed term or lock-in period
- Available to new and existing members
Both the Suncorp Bank Deposit Fund and the Suncorp Term Deposit Fund invest in bank deposits across a range of terms to deliver strong, secure interest income with stability and minimal risk.
What’s the difference between the Suncorp Bank Deposit Fund and the Suncorp Term Deposit Fund?
- Suncorp Bank Deposit Fund acts like a bank account with interest calculated daily and credited to your Suncorp WealthSmart account on a monthly basis
- Suncorp Term Deposit Fund operates like a managed fund with the interest calculated daily and reflected in the daily unit price.
- For more information on how these investment options, see the Product Disclosure Statement and Member Booklet.
Suncorp WealthSmart bank deposit investment option rates*
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Suncorp WealthSmart Personal Super and Suncorp WealthSmart Business Super |
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| Before fees and tax |
After fees and tax^ |
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Entry Fee
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Nil Entry Fee (Personal Super only) |
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| Suncorp Bank Deposit Fund | 5.13 | 2.45 | 2.00 |
| Suncorp Term Deposit Fund | 5.13 | 2.45 | 2.00 |
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Suncorp WealthSmart Pension and Suncorp WealthSmart Term Allocated Pension |
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| Before fees and tax | After fees and tax^ | ||
| Entry Fee | Nil Entry Fee | ||
| Suncorp Bank Deposit Fund | 5.13 | 3.89 | 3.43 |
| Suncorp Term Deposit Fund | 5.13 | 3.89 | 3.43 |
Before choosing an investment option, you should talk to a financial planner, or take a look at Suncorp's Risk Profiler – which can help you match your super to your long-term needs and goals.
*Interest rate is current at 15 April 2012 and is subject to change at any time without notice. These are annualised interest rates.
^ This is the annualised interest rate after the deduction of fees and earnings tax. Important note for Suncorp WealthSmart Personal Super members only: The $60 pa member fee is only applicable if your account balance is less than $20,000. As per industry standards, the after fees and tax rate above is calculated on a $10,000 account balance. Therefore, the $60 pa member fee ($60/$10,000 = 0.60% pa) is deducted from the rate of each investment option. If your account balance is greater than $20,000 this fee doesn’t apply and the rate for your investment will be 0.60% pa greater than what appears above.
It’s important to note that past interest rates aren't an indication of future interest rates or performance.
