Interest Rates for flexiRates
flexiRates allows you to earn higher interest rates by setting aside a portion of your savings within your account for periods up to 12 months. You can choose a flexiRate time period and corresponding interest rate by simply logging in to Internet Banking or the Suncorp Bank App and selecting flexiRates from the menu.
Below flexiRates are applicable for Everyday Options Main and Sub-Accounts, Business Premium Account and Business Saver Account and for existing 55 Plus and eOptions accounts.
Frequently asked questions: flexiRate
What are flexiRates?
flexiRates allows you to earn higher interest rates by locking away a portion of your savings within your account for periods up to 12 months. You can choose a flexiRate time period and corresponding interest rate by simply logging onto Internet Banking or the Suncorp Bank App and selecting flexiRates from the menu.
flexiRates can be set up easily via Internet Banking or the Suncorp Bank App
To set up flexiRates through the Suncorp Bank App:
- Open up the app and tap through to your accounts.
- Select the account you’d like to set up a flexiRate and then select ‘Account details’.
- Tap the + button that says ‘Add flexiRate’, and then type in the dollar figure you’d like to lock away.
- Next, select set your desired flexiRate term and then the end instructions for the flexiRate period.
- Confirm the details of your flexiRate then tap ‘Submit now’.
To set up flexiRates through Internet Banking:
- Log in to Internet Banking and select ‘Manage my flexiRates’ from the main menu.
- Click ‘Setup new flexiRate’ and then select the account you’d like to set up a flexiRate for.
- Type in the dollar figure you’d like to lock away, followed by your desired term.
- From here, you’ll be given the option to have your funds released back into your account at the end of the nominated period or for your flexiRate to be automatically renewed for the same period (if available).
- Select ‘Next’ to review your flexiRate details before clicking ‘Confirm’, then you’re good to go!
Head to the flexiRates page for more information and to see our current interest rates.
Everyday Options Main and Sub-Accounts, Business Premium Account and Business Saver Account as well as existing eOptions and 55 Plus Accounts.
First things first, make sure you’ve got an account that is eligible for flexiRates. From there, the same process applies to when you first set up your initial flexiRate, either through Internet Banking or the Suncorp Bank App.
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.
