Friday, January 18, 2019
Case Studies » Featured Case Studies » Case Studies » Suncorp: Saving for the future

Suncorp: Saving for the future

Saving for the future

This Case Study profiles Suncorp, one of Australia's leading financial companies. Suncorp provides financial solutions for individuals and small medium-sized enterprises in the areas of banking, insurance, investment, superannuation and financial planning. As a result of reading the Case Study, the student should be able to:

  • Understand the importance of savings
  • Identify how savings can be held in a range of bank accounts 
  • Recognise the role of savings in providing funds for investment and wealth generation within Australia
  • Understand the importance of financial literacy to the individual and to small and medium-sized businesses

Introduction

Got to have that ipod... or those designer jeans? What about that mobile phone?

Why is saving important?

Savings allow a person or business to buy more expensive items that cannot be afforded in the short-term, for example, an individual could use savings to pay for annual car insurance, a holiday or a wedding.

How do you save?

What is the best savings account for me?

Savings for short-term or emergency goals, e.g. rent or car repairs need to be accessible, and are therefore usually kept in an account available at a branch of the bank with at-call access by ATM or EFTPOS.

Why do we need to be financially aware?

Acquiring and using money wisely is not something we automatically know how to do.

How to become financially aware

With any financial agreement there is a contract between two or more parties which is legally enforceable.

Conclusion

Suncorp's Banking Division covers both consumer and business banking, predominately for small to medium-sized businesses.

 

(Page 1 of 8)

Leave a comment

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.

Subscribe today!

Purchase a subscription today!

We are delighted to offer you a subscription to access over 80 additional case studies, learning activities, teacher notes and downloadable content!
 
Click here to log-in if you already have an account.

Order the print version!

Order a hard copy!

SPECIAL OFFER - LAST STOCK CLEARANCE
Purchase a print version of Edition 7 for yourself or additional copies for your school! 
 

Commission a case study for your business

If your company or organisation would like to be part of Australia & New Zealand's best case study resource, apply for a case study online or phone us on 
02 4991 5577 in Australia and 0800 990 999 in New Zealand.

What's New?

 

New Edition 7 case studies available now!

Buy a printed copy of Edition 7 case studies.

Subscribe now to get access to over 80 additional case studies and support material.

Teaching Resources

Learning Resources

Useful Resources
Need to contact a teaching association?
Or get ideas for class?
Check out our useful links.

Teaching Hints & Strategies
Share your lesson plans with other
professionals or search for ideas here.
 

Tell us your favourite case study?

What Is your Favourite Edition 7 Case Study?

Log in / log out