Terms and Conditions
PART 3: Schedule of Interest Rates for Personal Accounts

This document is Part 3 of the Terms and Conditions for Personal Accounts. The other documents that make up the Terms and Conditions are:

Part 1: Key Features Statement and Terms and Conditions for Personal Accounts and Associated Payment Facilities - Download
Part 2: Schedule of Fees, Charges and Daily Limits for Personal Accounts - Download

However, we may give you this document on its own (without the other documents that make up these Terms and Conditions). In that case, this document does not form part of the Terms and Conditions unless we tell you otherwise.

You should consider the Terms and Conditions in deciding whether to acquire, or continue to hold, any of the products the subject of the Terms and Conditions. The issuer of the products in the Terms and Conditions is Newcastle Permanent Building Society Ltd. ABN 96 087 651 992, AFSL 238273.

To obtain a copy of the Terms and Conditions, please call our Member Support Centre 13 19 87, visit one of our branches or view our Tems and Conditions online.

Statement Savings Account, Achiever Account and Spend Account

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $1,999.99	0.01% pa	Strata Interest	We apply the daily percentage rate* to the different portions of your account balance at the start of each day.	Interest is credited to your account half yearly after the close of business at the end of June and December.
$2,000.00 - $4,999.99	0.01% pa
$5,000.00 - $19,999.99	0.01% pa
$20,000.00 - $49,999.99	0.01% pa
$50,000.00 plus	0.01% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Statement Savings Account when Linked to a Premium Plus Package Home Loan

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $1,999.99	1.01% pa	Strata Interest	We apply the daily percentage rate* to the different portions of your account balance at the start of each day.	Interest is credited to your account half yearly after the close of business at the end of June and December.
$2,000.00 - $4,999.99	1.01% pa
$5,000.00 - $19,999.99	1.01% pa
$20,000.00 - $49,999.99	1.01% pa
$50,000.00 plus	1.01% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Special Monthly Interest Statement Account and
Special Monthly Interest Passbook Account

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $41,999.99	2.00% pa	Strata Interest	We apply the daily percentage rate* to the different portions of your account balance at the start of each day.	Interest is credited to your account monthly after the close of business at the end of the month.
$42,000.00 - $99,999.99	3.00% pa
$100,000.00 - $249,999.99	3.00% pa
$250,000.00 plus	3.00% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn
Important Information - Both Special Monthly Interest Statement Account and Special Monthly Interest Passbook Account will have interest calculated and credited in accordance with deeming rules applying to single pensioners.

Mortgage Offset Account

If you have a Premium or Premium Plus Package Home Loan the 100% offset account rate applies. Your account offset rate is the rate on your home loan. For all other loans where we offer an "interest offset", the following strata interest applies.

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $499.99	0.01% pa	Strata Interest	We apply the daily percentage rate* to the different portions of your account balance at the start of each day.	The rate of interest for a mortgage offset account is determined by the type of loan you have. If you have a Premium or Premium Plus Package Home Loan the 100% offset account rate applies and your account offset rate is the rate on your home loan.
$500.00 - $1,999.99	0.01% pa
$2,000.00 - $4,999.99	0.01% pa
$5,000.00 - $19,999.99	0.01% pa
$20,000.00 - $49,999.99	0.01% pa
$50,000.00 plus	0.01% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn
Important Information - This type of account has been approved by the Australian Taxation Office only on the basis that no interest is earned. The interest offset accrues on this account up to the point where the balance of the account equals the balance owing on the home loan. No interest offset accrues on the portion of the balance of the Mortgage Offset Account which exceeds the balance outstanding on the home loan or for the month in which the loan is fully repaid.

Money Management Account

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $4,999.99	0.01% pa	Tiered Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	Interest is credited to your account quarterly after the close of business at the end of March, June, September and December.
$5,000.00 - $9,999.99	0.01% pa
$10,000.00 - $19,999.99	2.50% pa
$20,000.00 - $49,999.99	3.00% pa
$50,000.00 - $99,999.99	3.00% pa
$100,000.00 - $499,999.99	3.55% pa
$500,000.00 - $999,999.99	4.00% pa
$1,000,000.00 plus	4.00% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Christmas Club Account

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $1,999.99	0.10% pa	Tiered Interest	We apply the monthly percentage rate** to the minimum balance of your account during each month.	Interest is credited to your account 3 times each year after the close of business at the end of June, beginning of November and end of December.
$2,000.00 plus	0.15% pa	Tiered Interest
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Money Minder Account

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $1,999.99	1.00% pa	Tiered Interest	We apply the monthly percentage rate** to the minimum balance of your account during each month.	Interest is credited to your account half yearly after the close of business at the end of June and December.
$2,000.00 - $4,999.99	1.00% pa
$5,000.00 - $19,999.99	2.00% pa
$20,000.00 - $49,999.99	2.00% pa
$50,000.00 plus	3.00% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Rapid Saver Passbook Account, Rapid Saver Statement Account, Save Account^ and Education Savings Account^

Account Balance Range	Annual Interest Rate (as at 12 Mar 2010)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Entire Balance of Account	5.00% pa#	Single Tiered Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	Interest is credited to your account monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Method of Calculating Interest:
We calculate interest on the entire balance of your account. There are 3 methods of calculating interest:
Strata Interest - Means different interest rates apply to different portions of your account balance.
Tiered Interest - Means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the interest rate for that tier on the entire balance of your account.
Single Tiered Interest - Means a single interest rate applies to the entire balance of your account.

Interest rates are variable and subject to change.

* The daily percentage rate is the relevant annual interest rate(s) divided by 365.
** The monthly percentage rate is the annual interest rate divided by 12.
# Interest will only be calculated and paid where at least one deposit and no withdrawals have been made on the account during that calendar month. Interest credits from this account do not constitute a deposit. If these conditions are not met, no interest will be paid for that month. Rapid Saver Statement Accounts and Rapid Saver Passbook Accounts linked to a Premium Plus Package will earn an additional 0.50%p.a. interest on the standard Rapid Saver Statement Account and Rapid Saver Passbook Account interest rate. Rapid Saver Statement Accounts not linked to a Premium Plus Package will earn an additional 0.50% p.a. interest on the standard Rapid Saver Statement Account interest rate until 30 June 2010.
^ This product is no longer available for sale

Terms and Conditions PART 3: Schedule of Interest Rates for Personal Accounts