High secure returns for fixed term investments under $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 $1,000
If you have $100,000 or more to invest, Suncorp will be happy to negotiate a special rate for you.
More Information
| Features |
Description |
| Interest |
|
| 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.
|
| Minimum Investment Amount |
Invest as little as $1,000 |
| Maturity Options |
Before your Term Deposit maturity date, we will write to you outlining your maturity options.
When your Standard Term Deposit matures, you can:
- re-invest the principal and/or interest (where interest is paid at maturity only) at the then current standard rate of interest;
- re-invest and add additional funds to the principal amount (a minimum of $200 is required);
- withdraw some of the principal invested and re-invest the rest at the then current standard rate of interest provided you withdraw a minimum of $200 and the remaining principal is at least $1,000, or
- close your account.
|
| Terms |
1 month to 5 years |
| Interest frequency |
You can choose to have your interest paid:
- monthly,
- quarterly,
- six monthly,
- annualy 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. |
| Investments of $100,000 or more |
For investments over $100,000 customers can earn money market linked rates set daily by Suncorp.
Simply call 13 11 55 for more information. |
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- However, the whole deposit must be withdrawn, as no partial withdrawals are allowed.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 |
Interest Adjustment |
| 0% - 25% |
80% of interest earned |
| 26% - 50% |
60% of interest earned |
| 51% - 75% |
40% of interest earned |
| 76% - 100% |
20% of interest earned |
|
| Other Fees |
Fees may apply for other services – please refer to the Product Information Document for full details. |
