18 February 2025

Suncorp Bank announces interest rate changes

2 min read

Suncorp Bank has welcomed the Reserve Bank of Australia’s rate decision today and announced new interest rates for home loan customers.

From 28 February, Suncorp Bank will decrease home loan variable rates by 0.25% per annum (p.a.). 

Suncorp Bank will continue to review deposit and other rates.

Where customers can find more information:

  • Customers can calculate how much their home loan repayments will decrease via the Home Loan Repayment Calculator.   
  • Customers can utilise the savings in their Everyday Options Account and sub-accounts, by activating ‘offset mode’ to reduce their mortgage interest costs. 
  • Sign up to an Everyday Account which has no monthly fees and have the option to have up to nine sub-accounts to help reach spending and savings goals.  
  • Customers who have questions regarding rate changes or who may be experiencing financial hardship can visit Suncorp Bank | Personal & Business Online Banking Services, visit us in branch or call us on 13 11 75.