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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 08 Sep 2008)
 Method of Calculating Interest How Interest is Calculated When Interest is Calculated
Up to $1,999.990.00% paTiered InterestWe 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 - $9,999.990.20% pa
$10,000.00 - $19,999.991.20% pa
$20,000.00 - $49,999.992.55% pa
$50,000.00 - $99,999.993.20% pa
$100,000.00 plus3.25% pa
Penalty Interest on Overdrawn Account Business Base Overdraft + 6% pa


Business Overdraft
Business Overdraft Rate
Base Overdraft Rate 9.31%pa
Rate(s) effective as at 08 Sep 2008


Business Cash Management Account

Account Balance Range Annual Interest Rate
(as at 08 Sep 2008)
 Method of Calculating Interest How Interest is Calculated When Interest is Calculated
Up to $9,999.990.01% paTiered InterestWe 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 - $19,999.995.50% pa
$20,000.00 - $49,999.996.00% pa
$50,000.00 - $99,999.996.00% pa
$100,000.00 - $499,999.996.55% pa
$500,000.00 - $999,999.996.75% pa
$1,000,000.00 plus6.75% pa
Penalty Interest on Overdrawn Account 20% pa on amount overdrawn


Real Estate Trust Account
Account Balance Range Annual Interest Rate
(as at 08 Sep 2008)
 Method of Calculating Interest How Interest is Calculated When Interest is Calculated
Entire Balance of Account60% of the RBA official targeted cash rateSingle Tier InterestWe 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 08 Sep 2008)
 Method of Calculating Interest How Interest is Calculated When Interest is Calculated
Entire Balance of Account6.00% paSingle Tier InterestWe 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.
* The daily percentage rate is the relevant annual interest rate(s) divided by 365.
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