From 12 May, Suncorp Bank will increase home loan variable rates by 0.25% per annum.

This increase means that for every $100,000 of loan balance remaining on a customer's 25-year variable loan, they can expect their monthly repayments to increase by around $14.

For customers preferring repayment certainty over a fixed term, Suncorp Bank has a number of fixed rate options starting from 5.39% per annum for 3 years.

To support savers, Suncorp Bank is offering Term Deposit interest rates of 4.3% for 7-months and 4.25% for 12-months.

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Suncorp Group Ltd. published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 02:28:09 UTC.