Business Daily Media

Men's Weekly

.

Suncorp Bank responds to RBA interest rise

  • Written by Business Daily Media

Suncorp Bank today announced new interest rates for home loan customers, following the Reserve Bank of  Australia’s cash rate decision on Tuesday, 4 October 2022. 

From 14 October, Suncorp Bank will increase home loan variable rates by 0.25% per annum (p.a.).  

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. 

Suncorp Bank’s savings and term deposit rates are continually under review. 

Where customers can find more information: 

  • Customers can calculate how much their home loan repayments will increase via the Home Loan Repayment Calculator | Suncorp Bank
  • More information is available on our website www.suncorp.com.au or by visiting a Suncorp Bank  branch. 
  • 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 our Everyday Account which has no monthly fees or currency conversion charges, and the  option to have up to nine sub-accounts to help customers reach their spending and savings goals.

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy