What are 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 App and selecting flexiRates from the menu.
Who has the best term deposit rates in Australia?
Highest 12-month term deposit rates
| Provider | Interest Rate | Interest Paid |
|---|---|---|
| MyState Bank | 3.05% | End of term |
| MyState Bank | 3.05% | End of term |
| Abal banking | 3.00% | End of term |
| Great Southern Bank | 3.00% | End of term |
What are Suncorp Flexi rates?
Interest Rates
- 3 months. 1.15% p.a.
- 6 months. 1.45% p.a.
- 9 months. 1.75% p.a.
- 12 months. 2.15% p.a.
Is judo bank covered by government guarantee?
A: Yes, the Australian Government guarantees all deposits with Judo Bank up to $250,000 per account holder, under the Financial Claims Scheme.
What is the interest rate for Suncorp 55 plus account?
0.01% p.a. Benefits accrue daily and are offset against loan balance when interest charged is calculated. 0.05% p.a.
How much interest will 300 000 earn a year?
Living Off The Interest On $300,000 For example, the interest on three hundred thousand dollars is $10,753.86 per year with a fixed annuity, guaranteeing 3.25% annually.
Is judo bank a real bank?
Judo Bank is an Australian bank focused on small and medium-sized enterprise lending but also offers a range of personal term deposit products to consumers.
Is judo bank a reputable bank?
Excellent service. This bank gave the best interest rates for my term deposits. It was very easy to join. Unfortunately interest rates have fallen but Judo give the best rates that I can find.
How much interest does Suncorp pay?
3.15% p.a. 3.20% p.a. Interest Rates effective 17 June 2022 are subject to change without notice.
What is flexirates and how does it work?
This simply reduces the amount of interest you’ll receive and doesn’t impact the amount that you originally put in. flexiRates allows you to earn higher interest rates by locking away a portion of your savings for periods up to 12 months.
How much can I set up flexirates for?
You can set up flexiRates for specified amounts from $1 to $1 million dollars inclusive No admin fee is charged if you need to withdraw all of the funds before the end of your nominated period. An interest adjustment will apply You can apply flexiRates with terms from 1 to 12 months, depending on your budgeting and savings needs
How long does it take to apply a flexirate?
You can apply flexiRates with terms from 1 to 12 months, depending on your budgeting and savings needs You can setup a flexiRate in under a minute on eligible accounts and view your balances at any time in the Suncorp App or Internet Banking.
What is the interest adjustment for my flexirate?
The interest adjustment is the percentage of the interest earned to date that you will lose in the event we agree to you releasing your flexiRate early. The interest adjustment is made according to the proportion of the term completed as outlined in the table below.