Following the RBA's announcement this week we have made changes to our interest rates. Read more here.

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Set them up for life

We know that little ones have a lot to look forward to in life and that setting them up with their very first bank account is an exciting milestone. It takes only 10 minutes to open an account online and as a parent/guardian you’ll be able to manage the account using our app.

An Everyday Account cashcard for kids aged 11-13 allows them to make payments in-store wherever eftpos is accepted and withdraw cash at any of our fee-free ATMs. Give them a head start in life and open an account today so they can secure their money and start saving for their big dreams.

Young child gardening

Because they can see, track and record all of the transactional history, they also understand how hard money is to make and how quickly it can go.
- Karen, Central Coast.

Interest rates effective as of 16/05/2022 and are subject to change without prior notice.
$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.
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.
^^For more information about ‘Everyday Transactions’, refer to the product schedule.