Suncorp Bank
A Queensland-based bank, now part of the ANZ Group
Brisbane, QLD19 Products TrackedRecently updated
4.55%
Best Savings Rate
5.64%
Lowest Home Loan
19
Products Tracked
Government Deposit Guarantee (FCS)
Deposits up to $250,000 per account holder are protected under the Financial Claims Scheme. This limit is shared across: ANZ, Suncorp.
About Suncorp Bank
Suncorp Bank is a Queensland-based bank now operating as part of the ANZ Group following ANZ's acquisition of Suncorp Bank in 2024. The legal entity is Suncorp-Metway Limited. Suncorp Bank continues to operate under its own brand while being integrated into the ANZ Group.
Suncorp Bank operates under ANZ's APRA-regulated ADI licence. RatePilot tracks Suncorp's savings accounts.
Customers holding deposits at both Suncorp Bank and ANZ should be aware that the $250,000 Financial Claims Scheme (FCS) limit applies per account holder, per ADI — meaning deposits across both brands count toward the same limit.
Pros & Cons
✓ Strengths
- +Deposits protected under the Financial Claims Scheme (up to $250,000 per account holder)
- +Now backed by ANZ — one of Australia's Big 4 banks
- +Queensland heritage with established customer base
- +Continues to operate under its own brand
✗ Considerations
- –$250,000 FCS limit is shared with ANZ deposits (same ADI licence since 2024 acquisition)
- –Integration with ANZ may affect future product offerings
- –More limited product range tracked on RatePilot — savings only
Our Verdict
Suncorp Bank is a Queensland-based bank now part of the ANZ Group following the 2024 acquisition. It operates under ANZ's ADI licence, meaning FCS protection up to $250,000 per account holder is shared with ANZ. RatePilot tracks Suncorp's savings accounts.
Last reviewed: 10 February 2026
Recent Rate Changes
No recent rate changes recorded for Suncorp