Money Choices

This is a basic transaction account with a twist; you can link up to nine high interest Suncorp accounts to it and feed your money through into different savings projects. This account helps customers keep track of how much they are saving and for what with a simplified saving and transferring process.

Is This the Account For Me?

The Suncorp Everday Options Account is ideal for busy people with a lot to save and pay for. It is a great option for large busy families, who may need to divide one or two incomes into several different short-term savings projects such as children’s birthdays, holidays, bills and home improvements.

The Advantages of This Account

As explained above, the Everday Options Account itself has a decent interest rate (4.75% p.a.) as you would expect from such a basic account, but you can link up to nine savings accounts with higher interest rates to it. You can then set up regular transactions to these savings accounts, so you have the advantage of a savings account’s interest rates with the added bonus of a current account’s easy access.

With those linked accounts, customers have the ability to take advantage of the banks flexirates facility, in which they can choose to keep their interest rates fixed at a certain amount for a specified period of time. There is a low monthly fee for using this account, but if you apply and open one online, that fee is waived for the first year of using it.

For added flexibility, customers can arrange a personal overdraft for an Everyday Options Account, helping to get by on the lean months or when you need to make a large payment in a short space of time.

Aside from these, the account has great access via ATMs, EFTPOS, telephone and mobile phone banking, internet banking, a debit card and a cheque book.

For the image-conscious, or just those who need to differentiate between various bank cards, customers using this account can personalise their cash card with an image of their choice for a fee of $15.

Eligibility

To open this account, you must be aged 12 or above and be an Australian resident.

How Do I Open a Suncorp Everyday Options Account?

Opening one of these accounts is simple. You can visit your nearest branch and speak to an advisor, or call and open an account over the phone. Alternatively, if you prefer, you can open your account online using a simple, quick and secure application form. As mentioned before, the monthly fee is waived for one year for customers who applied online, so this is definitely worth considering.

Summary

The Suncorp Everyday Options Account is an innovative product that is simple to use and can help to make a busy lifestyle with lots of commitments much simpler. Applying is easy and cheap too.