Suncorp Bank Term Deposit Review (2026)

About Suncorp Bank Term Deposits

Suncorp Bank is a Queensland-headquartered bank that was acquired by ANZ in July 2024. It continues to operate as a separate brand with its own products and rates. For term deposits, Suncorp offers a competitive 5.30% p.a. for 12 months — matching ING and putting it well above the big-four banks at the same term.

Note that short-term rates (3 months and 6 months) have not been confirmed at the time of writing — check Suncorp's website for the full schedule. The $5,000 minimum is the same as most big-four banks, making Suncorp accessible to a broad range of investors.

Suncorp Bank is an APRA-regulated ADI. Deposits up to $250,000 are protected under the Government's Financial Claims Scheme.

Current Term Deposit Rates

Short-term rates not confirmed at time of writing. Check Suncorp's website for the full rate schedule.

Pros and Cons

How It Compares

• 
  AMP Bank Term Deposit (GO)

  5.40% (12 months) — $5k min — highest 12m rate
• 
  Judo Bank Personal Term Deposit

  5.35% (12 months) — $1k min
• 
  ING Term Deposit

  5.30% (12 months) — $10k min
• 
  Suncorp Bank Term DepositReviewed here

  5.30% (12 months) — $5k min — same rate as ING, lower minimum
• 
  NAB Term Deposit

  5.25% (12 months) — $5k min
• 
  CommBank Term Deposit

  5.25% (12 months) — $5k min
• 
  Westpac Term Deposit

  5.15% (12 months) — with online bonus, $5k min

→ Compare all term deposits