All Business Accounts Interest Rates

Newcastle Permanent Business Solutions team offers a genuine alternative to the major banks - providing a full range of quality finanical solutions to local businesses, with the same competitive rates and friendly, local service you can always expect from Newcastle Permanent.

Business Cheque and Club Account

Account Balance Range	Annual Interest Rate (as at 03 Feb 2012)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $1,999.99	0.00% 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 June, September, December and March.
$2,000.00 - $9,999.99	0.00% pa
$10,000.00 - $19,999.99	0.00% pa
$20,000.00 - $49,999.99	0.00% pa
$50,000.00 - $99,999.99	0.01% pa
$100,000.00 plus	0.01% pa
Penalty Interest on Overdrawn Account		Business Base Overdraft + 6% pa

Business Overdraft

Business Overdraft	Rate#
Base Overdraft Rate	7.14%pa
Rate(s) effective as at 03 Feb 2012

Business Cash Management Account

Account Balance Range	Annual Interest Rate (as at 03 Feb 2012)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Up to $9,999.99	0.00% 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 monthly after the close of business at the end of the month.
$10,000.00 - $19,999.99	3.25% pa
$20,000.00 - $49,999.99	3.25% pa
$50,000.00 - $99,999.99	3.25% pa
$100,000.00 - $249,999.99	3.75% pa
$250,000.00 - $499,999.99	4.00% pa
$500,000.00 - $999,999.99	4.25% pa
$1,000,000.00 plus	4.25% pa
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Real Estate Trust Account

Account Balance Range	Annual Interest Rate (as at 03 Feb 2012)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Entire Balance of Account	60% of the RBA official targeted cash rate	Single Tier Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	No interest is credited to your account. However, interest earned on your account is paid to the Office of Fair Trading monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn

Solicitor's Trust Account Interest Rates

Account Balance Range	Annual Interest Rate (as at 03 Feb 2012)	Method of Calculating Interest	How Interest is Calculated	When Interest is Calculated
Entire Balance of Account	3.00% pa	Single Tier Interest	We apply the daily percentage rate* to the balance of your account at the end of each day.	No interest is credited to your account. However, interest earned on your account is paid to the Office of Fair Trading monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account		20% pa on amount overdrawn
Important Information - this rate is negotiatetd between Newcastle Permanent Building Society and the New South Wales Law Society.

Method of Calculating Interest:
We calculate interest on the entire credit of your account. There are 2 methods of calculating interest:
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.