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 Visa Debit card for kids aged 11 years and older allows them to make payments in-store wherever Visa 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.
Virtual pocket money
Our Everyday Account makes it easy to deposit or transfer pocket money to keep it safe until your little ones need it.
Parents/guardians, as well as kids can use the app or internet banking to easily manage the account online.
No monthly account keeping fee.
Parents/guardians have the authority to operate the account until the child turns 14 and can request sole access.
Parents/guardians receive a Visa Debit card for the account.
Download our Everyday Banking Account Guide for more details.
Fees and charges
| Account keeping fee | Nil |
| Branch withdrawal fee | Nil |
| eftpos fee | Nil |
| Newcastle Permanent ATM enquiry fee | Nil |
| Newcastle Permanent ATM withdrawal fee | Nil |
Speed up your savings
Our Smart Saver Under 25’s Account is designed specifically for younger customers, offering a higher interest rate to help grow those goals.
Sit back and save knowing you’ll earn a guaranteed standard rate of interest on your savings with the option to access your money if you need it.ᴥ
Plus, receive bonus interest when you grow your balance and make no more than 2 withdrawals each month.ᴥ
Clever cookies will enjoy the following account features:
Bonus interest when you grow your balance and make no more than 2 withdrawals each monthᴥ.
No monthly account keeping fee.
2 free everyday transactions each month^^.
Manage your account 24/7 using our app or internet banking.
Parents/guardians can be given authority to operate the account until the child turns 14 and can request sole access.
Get the most out of the account with our Savings Account guide.
Smart Saver Under 25s Account
| Balance | Standard variable rate | Bonus rate | Standard + bonus |
| Portion of the balance below $50,000ᴥ | 0.05% p.a. | 4.70% p.a. | 4.75% p.a. |
| Portion of the balance between $50,000 - $100,000ᴥ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
| Portion of the balance between $100,000 - $250,000ᴥ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
| Portion of the balance $250,000 and aboveᴥ | 0.05% p.a. | 4.45% p.a. | 4.50% 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 | Nil |
| Newcastle Permanent ATM enquiry fee | Nil |
| Newcastle Permanent ATM withdrawal fee | Nil |
Kids' activities
Save smart and get a head start
Get in touch
Make an enquiry
Get in touch with us online, and we'll get back to you as soon as possible.
Visit your branch
Find the Newcastle Permanent branch that's closest to you.
ᴥ Standard interest is earned on your Smart Saver Account each month that it maintains a positive balance. Bonus interest is paid on each portion of your balance within each strata (tier). This means that different rates of interest apply to different parts of your account balance. To qualify for bonus interest, your closing balance must be higher than the opening balance (excluding any interest earned) and you must not have made more than two withdrawals during the calendar month. All account holders must be under 25 years of age as at the first day of that month to be eligible for a Smart Saver Under 25’s.
^^ 'Everyday transactions' consist of branch withdrawals. For more information refer to the product schedule.