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BSB 650 000

Mortgage Offset Account

Our Everyday Account with 100% interest offset can help you save money on your home loan.

Apply now

Help cut years off your home loan

  • Why you should link your offset account

    By linking your Everyday Account you could save yourself thousands

    When linked to our Premium Plus Package Home Loan or Premium Variable Home Loan, our Everyday Account with 100% interest offset could save you thousands of dollars over the life of your loan.

    • 100% offset interest is calculated daily at the rate on your home loan and reduces your loan interest
    • No account keeping fees
    • No transaction fees
    • Free ATM transactions on all Newcastle Permanent ATMs and over 3000 Westpac Group ATMs Australia-wide^
    • Internet, mobile and phone banking access with Visa Debit card** option

  • How it works

    How an offset account works

    If you have an outstanding loan balance of $120,000, but have a balance of $7,000 in your Everyday Account with 100% interest offset, the $7,000 will be subtracted from the $120,000 and interest will only be charged to the loan account on the resulting $113,000.

    You’ll enjoy all the benefits of our great Everyday Account with unlimited free Newcastle Permanent transactions Australia wide, and easy access to your money online, on your mobile, over the phone, overseas and anywhere Visa is accepted with your Visa Debit card**.

Everyday Account with Interest Offset Overview


Account Keeping Fee Nil
Branch Withdrawal Nil
EFTPOS Fee Nil
Newcastle Permanent ATM Enquiry Fee Nil
Newcastle Permanent ATM Withdrawal Fee Nil
Westpac Group ATM^ Free ATM transactions on over 3000 Westpac Group ATMs

Reach your savings goals

With our Online Savings Account

Find out more
Terms and conditions apply
Have you considered?

Get in touch

  • Contact us Call 13 19 87

  • Enquiry Make an enquiry

    One of our friendly Financial Advisers will respond to your enquiry within 1 business day (Monday to Friday).

    All information is required unless otherwise stated as optional.

    One of our friendly Member Service Officers will respond to your enquiry within 1 business day.

    All information is required unless otherwise stated as optional.

    One of our friendly Home Loan Experts will respond to your enquiry within 1 business day.

    All information is required unless otherwise stated as optional.

    One of our friendly Personal Loan Experts will respond to your enquiry within 1 business day.

    All information is required unless otherwise stated as optional.

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    Please be aware to borrow this amount you will be required to provide security. You may continue with your online enquiry, providing security where requested, or you can contact our Member Support Centre on 13 19 87 to discuss our security requirements prior to completing your enquiry.

    Security against Loan

    The car should be less then eight years old and for personal use only.

    The motorcycle should be less then seven years old at the end of the loan term. Please note that only on-road and dual purpose motorcycles are accepted as security for a Personal Loan.

    To be used as security this account must be held with the Newcastle Permanent. If you would like to transfer your Term Deposit to the Newcastle Permanent please contact our Member Support Centre on 13 19 87.

    If the property is mortgaged, the mortgage must be held with the Newcastle Permanent to be accepted as security. If you would like to transfer your Mortgage to the Newcastle Permanent please contact our Member Support Centre on 13 19 87.

    Financial statements for the past two financial years will be required to support your application.

    Please note that unemployment benefits are not accepted as eligible income to apply for a Personal Loan. You may contact our Member Support Centre directly on 13 19 87 for further clarification on acceptable sources of income.

    Acceptable Pension type: Aged, Disability, Veterans Affairs and Carers. If you are receiving any other type of pension you may not be eligible for a Personal Loan. Please contact our Member Support Centre on 13 19 87 to discuss your eligibility.

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    Here’s some information for you: Terms and conditions apply and will be included with our loan offer.

    Here’s some information for you: Newcastle Permanent Building Society AFSL 238273.

    Here’s some information for you : Applications for finance are subject to Newcastle Permanent's normal credit approval process. Full terms and conditions will be included with our loan offer. Fees and charges are payable. Loans for commercial purposes are excluded.

    Here's some more information for you: This enquiry does not constitute a loan or pre-approval. Applications for credit are subject to Newcastle Permanents normal credit approval process. Full terms and conditions will be included with our loan offer. Fees and charges are payable.

    Here’s some information for you: Applications for finance are subject to Newcastle Permanent's normal credit approval process.

  • Locate us Find a local branch

    Find a local branch or ATM

    Find a Newcastle Permanent Branch or ATM* by typing in the suburb or postcode below:

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    * We have arranged for our members to have access to more than 3,000 ATMs Australia wide. This includes all Newcastle Permanent ATMs and Westpac Group ATMs. Westpac Group ATMs are the network of ATMs operated by Westpac Banking Corporation, St. George Bank Limited, Bank SA and Bank of Melbourne. Fees and charges may apply to ATM transactions. Please see the product terms and conditions for details. Fees associated with using an ATM other than a Newcastle Permanent ATM or a Westpac Group ATM, are unascertainable.
    Terms of Use:
    The Locator Service ("the service") is provided by Westpac Banking Corporation ABN 33 007 457 141, with some elements of the service being provided by third parties (including but not limited to eHound Pty Ltd ABN 34 097 056 570). Newcastle Permanent Building Society Limited ("Newcastle Permanent") does not provide the service and has no control over the availability or accuracy of the service. Your use of this service is governed by the Terms of Use of Newcastle Permanent's websites and Newcastle Permanent's Privacy Statement.
Here’s some information for you:
Interest rates effective as of 25/09/2016 and are subject to change without notice.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
^ATMs include both Newcastle Permanent branded and Westpac Group ATMs. Westpac Group ATMs are the network of ATMs operated by Westpac Banking Corporation, St. George Bank Limited, Bank SA and Bank of Melbourne.
** Newcastle Permanent Visa Cards are accepted anywhere, where Visa is accepted worldwide.