Business banking interest rates

Business accounts

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Real Estate Trust Account
Account Balance Range	Entire balance
Interest rate	90% of the RBA official cash rate target^#
Method of Calculating Interest	Single Tier Interest - Means a single interest rate applies to the entire balance of your account.
How Interest is Calculated	We apply the daily percentage rate* to the balance of your account at the end of each day.
When Interest is Calculated	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% p.a. on amount overdrawn

^#Current and historical RBA Cash Rate Target is available at www.rba.gov.au/statistics/cash-rate. Following an RBA rate change, the annual interest rate will be updated on the first day of the following month.

*The daily percentage rate is the relevant annual interest rate(s) divided by 365.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Solicitors Trust Account
Account Balance Range	Entire balance
Interest rate	3.45% p.a.
Method of Calculating Interest	Single Tier Interest - Means a single interest rate applies to the entire balance of your account.
How Interest is Calculated	We apply the daily percentage rate* to the balance of your account at the end of each day.
When Interest is Calculated	No interest is credited to your account. However, interest earned on your account is paid to the New South Wales Law Society monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account	20% p.a. on amount overdrawn
Important Information - this rate is negotiated between Newcastle Permanent and the New South Wales Law Society.

*The daily percentage rate is the relevant annual interest rate(s) divided by 365.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Account Balance Range	Annual Interest Rate
Up to $1,999	0.00% p.a.
$2,000 - $9,999	0.00% p.a.
$10,000 - $19,999	0.00% p.a.
$20,000 - $49,999	0.00% p.a.
$50,000 - $99,999	0.00% p.a.
$100,000 plus	0.00% p.a.
Method 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.
How Interest is Calculated	We apply the daily percentage rate* to the balance of your account at the end of each day.
When Interest is Calculated	Interest is credited to your account quarterly after the close of business at the end of June, September, December and March.
Penalty Interest on Overdrawn Account	Business Base Overdraft + 6% p.a.

*The daily percentage rate is the relevant annual interest rate(s) divided by 365.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

For the Business Base Overdraft Interest Rate, see below.

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Account Balance Range	Annual Interest Rate
Up to $1,999	0.01% p.a.
$10,000 - $19,999	0.40% p.a.
$20,000 - $49,999	0.40% p.a.
$50,000 - $99,999	0.40% p.a.
$100,000 - $249,999	0.40% p.a.
$250,000 - $499,999	0.40% p.a.
$500,000 - $999,999	0.40% p.a.
$1,000,000 plus	0.40% p.a.
Method 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.
How Interest is Calculated	We apply the daily percentage rate* to the balance of your account at the end of each day.
When Interest is Calculated	Interest is credited to your account monthly after the close of business at the end of the month.
Penalty Interest on Overdrawn Account	Business Base Overdraft + 6% p.a.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

*The daily percentage rate is the relevant annual interest rate(s) divided by 365.

For the Business Base Overdraft Interest Rate, see below.

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Business Base Overdraft	Interest rate*
Base Overdraft Interest Rate (Interest margin may apply)	7.76% p.a.

*The daily percentage rate is the relevant annual interest rate(s) divided by 365.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

Can't find what you're looking for? Refer to the Products no longer available for sale.

Term Deposit Accounts

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Interest paid at maturity

Days	Interest rate
21 - 45 days	1.00% p.a.
46 - 75 days	1.00% p.a.
76 - 105 days	3.95% p.a.
106 - 135 days	3.95% p.a.
136 - 165 days	3.95% p.a.
166 - 195 days	4.25% p.a.
196 - 225 days	3.80% p.a.
226 - 255 days	3.80% p.a.
256 - 285 days	3.80% p.a.
286 - 315 days	3.80% p.a.
316 - 345 days	3.80% p.a.
346 - 385 days	3.90% p.a.

*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.

Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.01% p.a. Term Deposit rates are fixed and apply to the whole balance of the account. For further information regarding interest and the products generally, please view the applicable Terms and Conditions.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

Rates are effective as at 9am Thursday 26/06/2025 and are subject to change without prior notice.

Interest paid periodically

Monthly	Interest rate
76 - 105 days	3.85% p.a.
106 - 135 days	3.85% p.a.
136 - 165 days	3.85% p.a.
166 - 195 days	4.15% p.a.
196 - 225 days	3.70% p.a.
226 - 255 days	3.70% p.a.
256 - 285 days	3.70% p.a.
286 - 315 days	3.70% p.a.
316 - 345 days	3.70% p.a.
346 - 385 days	3.80% p.a.
2 years	3.40% p.a.
3 years	3.80% p.a.
4 years	3.40% p.a.
5 years	3.40% p.a.

Quarterly	Interest rate
1 year	3.80% p.a.
2 years	3.40% p.a.
3 years	3.80% p.a.
4 years	3.40% p.a.
5 years	3.40% p.a.

Half Yearly	Interest rate
1 year	3.80% p.a.
2 years	3.40% p.a.
3 years	3.80% p.a.
4 years	3.40% p.a.
5 years	3.40% p.a.

Annually	Interest rate
2 years	3.50% p.a.
3 years	3.90% p.a.
4 years	3.50% p.a.
5 years	3.50% p.a.

*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.

You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

Can't find what you're looking for? Refer to the Products no longer available for sale.