This site uses cookies to shape your online experience. Read more

Dismiss
Navigation

BSB 650 000

Accounts for life

Everyday banking and saving accounts for under 25 year olds.

Open Everyday Account

$20 growth spurt for your kid 

Open a new Smart Saver Account for a child under 14 years using the promotional code ‘kids20’ and we’ll start their savings off in style with $20.

Open in 10 mins
Account must be opened by 30 June 2022. New customers <14 only. T&Cs apply.

Opening an account takes just 5 minutes

  • Everyday Under 25's Account

    Same same, but different

    Enjoy all the perks of an Everyday Account but we’ll waive the monthly account keeping fee if you’re under 25 years old.

    • No monthly account keeping fees for account owners under 25 years old
    • Access your account using our app or internet banking
    • Check out faster in-store or online with mobile payments
    • Use your card to pay wherever Visa is accepted^
    • Enjoy unlimited free everyday transactions^^
    • Use our ATMs and any of the big four banks for freeΔ.

    Account Keeping Fee $4 monthly fee, waived if all owners are under 25, or if $1,800 is deposited each month, or if every account owner has a home loan or a credit facility with us.
    Branch Withdrawal Fee Nil
    eftpos Fee Nil
    Newcastle Permanent ATM Enquiry Fee Nil
    Newcastle Permanent ATM Withdrawal Fee Nil

  • Smart Saver Under 25’s Account

    Smash your savings goals!

    Our Smart Saver Account but for younger customers – whether it’s a first account or a dedicated account to save and reach your goals.

    Simply grow your balance by $10 each month and make no more than 2 withdrawals to be eligible for interest each monthᴥ.

    • No monthly account keeping fee for account owners under 25 years old
    • 2 free everyday transactions each month^^
    • Manage your account 24/7 using our app or internet banking.

    Get the most out of your account with our Smart Saver Under 25’s Account guide.
    Entire balance up to $50,000ᴥ 1.00%p.a.
    Entire balance $50,000-$100,000ᴥ 1.00%p.a.
    Entire balance $100,000-$250,000ᴥ 1.00%p.a.
    Entire balance over $250,000ᴥ 1.00%p.a.
    Free Everyday Transactions^^ You will receive two free 'Everyday Transactions' each month.
    Interest Calculated Daily
    Interest Credited On the last day of each calendar month
    Account Keeping Fee Nil
    Branch Withdrawal Fee $3.00
    eftpos Fee $0.60
    Newcastle Permanent ATM Enquiry Fee Nil
    Newcastle Permanent ATM Withdrawal Fee Nil

  • Calculator

Welcome to convenience

You can now check out faster in-store or online using Apple Pay or Google Pay™.

Apple pay logo      Google pay logo

Get Apple Pay Get Google Pay

Tips on saving smart

Interest rates effective as of 23/05/2022 and are subject to change without prior notice.
ᴥ Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least $10 higher than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month. All account holders must be under 25 years of age as at the last day of that month to be eligible for this interest rate.
^Must be 14 to apply for a Visa debit card.
^^For more information about ‘Everyday Transactions’, refer to the product schedule.
ΔNo transaction fees apply for a successful cash withdrawal or account balance query using your Newcastle Permanent Visa debit card at any Newcastle Permanent, ANZ, NAB, Commonwealth Bank or Westpac ATM across Australia.
$20 Smart Saver Offer: To be eligible, open a new Smart Saver Account for a child, either online using the campaign code ‘kids20’ or in branch and mention this offer; between 26/04/2022 and 30/06/2022. The child must be under 14 years of age at the time of account opening and a new customer to Newcastle Permanent, which means they did not hold any accounts as at 23:59 AEST 25/04/2022. If eligible, the $20 bonus will be paid into the child’s account by the end of the next month after the account was opened (account must still be open at this time). Offer is not available in conjunction with any other offer and is limited to one payment per account and to the child’s first eligible account only. Newcastle Permanent may change or withdraw this Bonus Offer at any time.
Google Pay Terms of Use.
Google, Google Pay and the Google Play logo are trademarks of Google LLC.
Apple Pay Terms of Use.
Apple, the Apple logo, Apple Pay, Apple Wallet, Face ID, Touch ID, Touch Bar, Safari, Apple Watch, iPad, iPhone, iTunes and Mac are trademarks of Apple Inc., registered in the U.S. and other countries and regions.
^^^For a list of compatible Apple Pay devices, see https://support.apple.com/en-au/HT208531 
Cashcards and Business+ Credit Cards are not eligible.