BUSINESS ACCOUNTS

Term Deposits for your business

Get a competitive return on your investment with a fixed rate term deposit.

BUSINESS ACCOUNTS

Term Deposits for your business

Get a competitive return on your investment with a fixed rate term deposit.

Negotiated rates available

Contact us or visit us in branch when investing $2,000,000+.

No set up or establishment fees

Plus, no ongoing account-keeping or transaction fees.

Maximise your business’ surplus savings

with term options from 1 month to
five years.

Featured rates for deposits
$100,000 - $999,999

Featured rates for deposits $100,000 - $999,999

Flexible options let you customise your
business investment

  • Invest from $5,000 - $1,999,999 (contact us for negotiated rates on investments of $2,000,000+).
  • Select a term from 1 month to 5 years.
  • Choose how your interest will be paid: monthly, quarterly, six monthly, yearly or at maturity depending on the length of your deposit.^
  • Take advantage of the option to automatically reinvest the original investment amount and interest for another term between 1 and 18 months (interest rates may be different at time of reinvestment).
Is a Term Deposit right for you?

Before you consider investing in a Term Deposit, you should consider whether there is a chance you may require immediate access to your funds in the future. Once you have invested in a Term Deposit, your funds are locked away for the Term you have chosen. Should you need to withdraw the funds from the Term Deposit before the end of the agreed term (break your Term Deposit) you must notify the Bank and you will not be able to access your funds until 31 days have passed from the first business day since you notified the Bank unless you are suffering financial hardship.

For information about accessing your term deposit funds early, view ‘Breaking Your Term’ within the Product Information Document.

If you give consent for your Term Deposit to be automatically reinvested by the Bank at the end of the term, please be aware that your investment will be reinvested at the then current interest rate applicable for the same Term, meaning the interest rate applied to your new investment could be lower than our current interest rates.

 

Term Deposit interest rates

Term Deposit fees

Set up or establishment fees

Monthly account keeping fee

All Suncorp Bank transactions

NIL

NIL

NIL

Request for audit certificate

Record search/copy fee

Request for interest certificate
(previous financial years)

$30.00 per certificate

$70.00 per hour

$10.00 per certificate

Term Deposit fees

Set up or establishment fees

Monthly account keeping fee

All Suncorp Bank transactions

Request for audit certificate

Record search/copy fee

Request for interest certificate (previous financial years)

NIL

NIL

NIL

$30.00 per certificate

$70.00 per hour

$10.00 per certificate

Feel confident knowing your return on investment is locked in

A Term Deposit allows you to lock away an amount of money at a fixed interest rate for a nominated time period.

Your return on investment is locked in – this means you’ll know exactly what your investment is worth at the end of the term. An interest adjustment will apply for early withdrawals.

Helpful links

  • Useful forms

Frequently Asked Questions

Get started today

Visit us in branch

Find a branch

Or contact your Relationship Manager

Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.

Minimum deposits and withdrawals may apply. Please read the Product Information Document before making any decision regarding this product. For a paper copy visit your local branch or contact us on 13 11 75.

The date when the investment term of your fixed term deposit ends.