High secure returns for fixed term investments over $100,000
At a glance…
- Range of terms available from 1 month to 5 years.
- Interest can be paid monthly, quarterly, annually or at maturity.
- No account keeping or transaction fees on your term deposit
- Whatever happens in the market, your return is guaranteed for a fixed period of time.
- Minimum deposit $100,000
More Information
| Feature |
Description |
| Interest |
Customers can earn money market linked rates set daily by Suncorp. Simply call 13 11 55 or visit your local branch for more information. |
| Access to your money |
- While your money is invested in the Fixed Term Deposit, you cannot access it without penalty.
- Term deposits are not transferable.
|
| Maturity Options |
Because the interest rate for a Negotiated Term Deposit can only be determined on the day of investment, Negotiated Term Deposits do not automatically renew.
Before your Term Deposit maturity date, we will write to you informing you that your Term Deposit is about to mature.
|
| Terms |
1 month to 5 years |
| Interest frequency |
You can choose to have your interest paid monthly, quarterly, six monthly, annually or at maturity (depending on the term you select). |
| Interest Payment Options |
Interest can be reinvested (where interest is paid at maturity only) , paid by cheque or transferred to a nominated Suncorp account. |
Fees
| Fees |
Description |
| Account Keeping Fee |
Nil |
| Transaction Fees |
Nil |
| Early access to your funds |
- Suncorp may allow you to break your Term Deposit prior to the maturity date.
- However, the whole deposit must be withdrawn, as no partial withdrawals are allowed.
- If this occurs, you will lose a proportion of the interest earned.
- This interest adjustment is made according to the proportion of the term completed as outlined in the table below:
|
Proportion of term completed
0% - 25%
26% - 50%
51% - 75%
76% - 100% |
Interest adjustment
80% of interest earned
60% of interest earned
40% of interest earned
20% of interest earned |
| Other Fees |
Fees may apply for other services – please refer to the Product Information Document for full details. |
