Rapid Saver Account

The faster way to save for what you want.

Our Rapid Saver Account is designed to help you reach your savings goal, whether it's a car, holiday, deposit on a house or something special just for you. Whatever your need, we have the account to help you get your hands on what you want faster!

High interest rate of 5.00% p.a.

Take advantage of our incredibly high 5.00% p.a. interest rate, when you make at least one deposit and no withdrawals during the month. See below for the benefits of having a Rapid Saver account.

Benefits of our Rapid Saver account;

High rate of interest*.
No ongoing account keeping fees.
Unlimited free deposits.
Free Internet and phone banking.
No minimum ongoing balance.
Interest calculated daily and paid monthly*.
At call-access.

*When you make at least one deposit and no withdrawals during the month.

Product Features

Money available at call	Yes
Transaction record	Passbook
Interest	Rapid Saver Interest is calculated daily and paid monthly (providing you make at least one deposit and no withdrawals during the month).
Minimum opening balance	$1
Access and transactions	- Direct credit - Direct debit - Internet banking - Phone banking - BPAY^® - Pay Any One - Over the counter
Transaction fees	Yes. There is a minimum six free transactions. Additional free transactions are available if you have an automatic transfer to your eligible Newcastle Permanent Loan or you maintain a higher balance in your account.
Ongoing account keeping fees	Nil