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Business Term Deposits - Newcastle Permanent

Invest on your terms

Put your hard-earned money to work with a Business Term Deposit from Newcastle Permanent.

Interest rate 5.35 % p.a.
12 month term, minimum $1,000, interest paid at maturity.

Invest your savings

A Term Deposit is a secure way to boost your savings. Simply open an account, select your term and enjoy the rewards of a certain rate of interest.

With a range of term options from 21 days up to 5 years, no annual or monthly fees and the ability to choose an interest option that suits you, get started from as little as $1,000. 

For added peace of mind, all deposits up to $250,000 per customer are guaranteed under the Australian Government’s Financial Claims Scheme.

You must provide 31 days' notice if you wish to make an early withdrawal.*

View our rates

Compare our Term Deposit interest rates now.

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Competitive rates

Boost your savings with a competitive rate.

Range of term options

From 21 days up to 5 years.

No account keeping fee

No annual or monthly account keeping fees.

Secure

Lock in an interest rate for a term that suits you.

Interest options

Choose from available periodic or at maturity interest payment options^.

Peace of mind

Deposits up to $250,000 backed by the Government's Financial Claims Scheme.

 

Rates are effective as at 9am Monday 22/06/2026 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 4.50% p.a.
106 - 135 days 3.75% p.a.
136 - 165 days 3.75% p.a.
166 - 195 days 5.00% p.a.
196 - 225 days 3.60% p.a.
226 - 255 days 3.60% p.a.
256 - 285 days 3.60% p.a.
286 - 315 days 3.60% p.a.
316 - 345 days 3.60% p.a.
346 - 385 days 5.35% p.a.
Rates are effective as at 9am Monday 22/06/2026 and are subject to change without prior notice.

Interest paid periodically

Monthly Interest rate
76 - 105 days 4.40% p.a.
106 - 135 days 3.65% p.a.
136 - 165 days 3.65% p.a.
166 - 195 days 4.90% p.a.
196 - 225 days 3.50% p.a.
226 - 255 days 3.50% p.a.
256 - 285 days 3.50% p.a.
286 - 315 days 3.50% p.a.
316 - 345 days 3.50% p.a.
346 - 385 days 5.25% p.a.
2 years 4.15% p.a.
3 years 3.65% p.a.
4 years 3.45% p.a.
5 years 3.45% p.a.
Quarterly Interest rate
1 year 5.25% p.a.
2 years 4.15% p.a.
3 years 3.65% p.a.
4 years 3.45% p.a.
5 years 3.45% p.a.
Half Yearly Interest rate
1 year 5.25% p.a.
2 years 4.15% p.a.
3 years 3.65% p.a.
4 years 3.45% p.a.
5 years     3.45% p.a.
Annually Interest rate
2 years 4.25% p.a.
3 years 3.75% p.a.
4 years 3.55% p.a.
5 years 3.55% p.a.

Early withdrawals

For Term Deposits opened or last renewed before 23 February 2026

If you withdraw funds before the maturity date, a reduced interest rate of 0.01% p.a. will apply for the period your funds were invested.

For Term Deposits opened or renewed from 23 February 2026

You must provide 31 days’ notice for an early withdrawal. If you withdraw before maturity, your interest rate will be reduced, based on your shorter investment term.

Early withdrawals can significantly reduce the interest you earn and may require repayment of interest already paid. See here for more details and FAQs, including exceptions available for financial hardship.

Fees and charges

Account keeping fee Nil
Automatic transfer fee Nil
Branch deposit fee Nil

PDF
Current Term Deposit Product Schedule 36kB

More features

Minimum deposit amount $1,000
Range of term options 21 days - 5 years
Interest payments frequency Monthly, quarterly, half-yearly, annually or at maturity
Online or branch deposits Deposits can be made within 4 days of account opening (inclusive of the account opening day), or within 7 days before or after maturity date.
Online or branch withdrawals On the maturity date or within the 7 days thereafter
Internet banking Yes ('view only' outside of renewal period)
Premium Banking Relationship service Dedicated and personalised service from the Premium Banking team for customers with Term Deposits of $250,000 in total or a Term Deposit of any value with total deposit holdings over $750,000.

Helping small and medium business do big things.

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Explore FAQs

Rates are effective as at 9am Monday 22/06/2026 and are subject to change without prior notice.

Account terms, conditions, fees and charges apply.

*31 day notice period applies to early withdrawals from Term Deposits opened or last renewed on or after 23 February 2026. Term Deposits opened or last renewed before this date are not subject to a notice period. An interest rate reduction also applies to early withdrawals.

^The available interest payment frequency options vary based on your selected investment term.

Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and read the Terms and Conditions available on request from any branch, our website or by calling 13 19 87.