Business Term Deposits

Get a fixed rate on your business savings, with a range of investment periods to choose from.

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Interest rate for deposits $5,000 - $2,000,000

How to apply

Flexible options let you customise your business investment

Grow your business’ surplus cashflow

Enjoy a fixed return if deposited funds are held to maturity.

No set up or establishment fees

Plus, no ongoing account-keeping or transaction fees.

Negotiated rates available

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

Flexible investment periods

Flexible investment periods – Choose a term from 1 month to five years.

Choice of interest payment frequencies

Monthly, quarterly, half-yearly, yearly or at maturity payment options depending on the length of your deposit. ^

Automatically reinvest your original investment and interest

Available for terms of 1 to 18 months – Rates may differ at reinvestment.

Featured rates for deposits
$5,000 - $2,000,000

View all interest rates

Is a Term Deposit right for you?

  • Term Deposits keep your money invested for a set period. You generally won’t be able to access your funds during that time, so consider whether you’ll need the money before the term ends.
  • Early withdrawal restrictions apply, including a 31-day notice period unless financial hardship applies. See “Breaking Your Term” in the Fixed Term Deposit Product Information Document for details.
  • Automatic reinvestment may occur at a different rate, which could be lower than your original rate. See “Standard Term Deposit – Interest” in the Fixed Term Deposit Product Information Document for details.

How to apply for a Business Term Deposit

Owners and directors of Australian businesses can open a Business Term Deposit.

To apply, call us on 13 11 75 to arrange an appointment, visit your local branch, or speak with your Relationship Manager.

If you’re an existing Suncorp Bank business customer, you may not need to provide additional identification.

If you’re a new customer, or something has changed in your business, you’ll need to tell us how your business is structured to find out what identification you’ll need.

info What’s a sole trader?

What you’ll need to bring

To help us process your application quickly, please bring a complying Australian Government Photo ID when you visit a branch.

Please note: if you are the sole director of a company, you’ll need to apply as a company, not as a sole trader.

info What’s a partnership?

What you’ll need to bring

To help us process your application quickly, please bring: 

  • the required documents for each partner’s entity type. For example, if the partnership is between a company and a trust, bring the required documents for a company and a trust.
  • the formal partnership agreement, if one exists.

info What’s a company?

What you’ll need to bring

To help us process your application quickly, please bring:

For domestic companies and foreign companies registered in Australia

  • An ASIC Company Search dated within the past 7 days

Additional requirements for a foreign company registered in Australia

  • The original or certified copy of the foreign registration document. If it’s not in English, please also bring an accredited translation (NAATI).

info What’s a trust?

What you’ll need to bring

To help us process your application quickly, please bring:

  • the original or certified copy of the trust deed or extract; or
  • for a deceased estate, the original or certified copy of the death certificate, will and letters of administration or grant of probate.

info What’s an association?

What you’ll need to bring

To help us process your application quickly, please bring:

For incorporated associations:

  • minutes of resolution authorising particular individuals to open and/or operate an account on behalf of the group; or 
  • information provided by ASIC or the state/territory body responsible for the incorporation of the association; or
  • extract of the constitution or rules of the association.

For unincorporated associations

  • minutes of resolution authorising particular individuals to open and/or operate an account on behalf of the group; or
  • the association’s meeting minutes; or
  • The association’s constitution or rules.

For each document, please bring the original or a certified copy.

info What’s a registered co-operative?

What you’ll need to bring

To help us process your application quickly, please bring one of the following:

  • an original or certified copy or extract of a register maintained by the co-operative
  • an original or certified copy of registration information from the relevant state/territory/overseas body, such as registered rules
  • am original or certified copy of formation meeting minutes

What's a sole trader?

An individual who is the sole owner of a business. Sole traders can employ staff and are responsible for all decisions in the business.

What's a partnership?

A partnership is a business structure where two or more people or entities run a business together. Partners are generally equally and personally liable for the business’s debts and obligations.

What's a domestic company?

A domestic company is a company registered in Australia under the Corporations Act. This can include Australian proprietary companies (Pty Ltd), Australian public and listed companies (Ltd or Limited), and Australian companies limited by guarantee (CLG). Companies registered with ASIC are given a unique 9-digit Australian Company Number (ACN).

What's a trust?

A trust is a structure where a trustee manages business or assets for the benefit of others, known as beneficiaries. A trustee can be an individual, company or superannuation trustee.

What's an association?

  • An incorporated association is a legal entity separate from its individual members. It’s incorporated under the state or territory legislation in which it operates.
  • An unincorporated association is not recognised as a separate legal entity to the members associated with it. It’s a group of people who agree to act together as an organisation and form an association, like a voluntary group, body corporate or sports group.

What's a registered co-operative?

A registered cooperative is a legal entity set up to serve the interests of its members. It may operate for profit or not-for-profit and can provide goods or services to its members or the public.

Unsure or need more information? Contact us or your Relationship Manager. 

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

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

Use our Term Deposit calculator to see how your money can grow

View interest-earning business saving account options

View the Product Information Document

Useful forms

Direct Debit Stop - Cancellation Request

Visa Debit Dispute Form

Add/Delete Authority Request Form

All forms and documents

Frequently Asked Questions

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

  • You will be required to provide 31 days-notice to end your term deposit early
  • You won’t have access to the funds until 31 days from the first business day since you notified the Bank to withdraw your funds (unless grounds of hardship exist).
  • You’ll 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.    

For information on the portion of interest adjustment, please read our Product Information Document.

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

About 3 weeks before your Term Deposit maturity date we’ll remind you via letter and provide you with your current maturity instructions and options if you would like to change your maturity instructions. You can choose to automatically reinvest your TD for the same or a different term or have the funds released into your account.

View more business account frequently asked questions.

Get started today

Visit us in branch

Find a branch

Or contact your Relationship Manager

Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722) (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of these changes for each product can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.

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.

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Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statements before you make any decision regarding these products. The Target Market Determination are also available. Copies of historical TMDs can be obtained by calling 13 11 75.