Personal banking interest rates
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. |
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.
|
Percentage of term elapsed |
Interest rate reduction |
|
|
Within the withdrawal period (the first 7 days after a Term Deposit renews) |
0% (no interest rate reduction) |
|
|
Outside the withdrawal period |
0% to less than 20% |
90% |
|
20% to less than 40% |
80% |
|
|
40% to less than 60% |
60% |
|
|
60% to less than 80% |
40% |
|
|
80% to less than 100% |
20% |
|
Smart Saver Account
| Balance | Standard variable rate | Bonus rate | Standard + bonus |
| Portion of the balance below $50,000∞ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
| Portion of the balance between $50,000 - $100,000∞ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
| Portion of the balance between $100,000 - $250,000∞ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
| Portion of the balance $250,000 and above∞ | 0.05% p.a. | 4.45% p.a. | 4.50% p.a. |
Smart Saver Under 25s Account
| Balance | Standard variable rate | Bonus rate | Standard + bonus |
| Portion of the balance below $50,000ᴥ | 0.05% p.a. | 5.70% p.a. | 5.75% p.a. |
| Portion of the balance between $50,000 - $100,000ᴥ | 0.05% p.a. | 4.95% p.a. | 5.00% p.a. |
| Portion of the balance between $100,000 - $250,000ᴥ | 0.05% p.a. | 4.95% p.a. | 5.00% p.a. |
| Portion of the balance $250,000 and aboveᴥ | 0.05% p.a. | 4.70% p.a. | 4.75% p.a. |
∞ 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, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure.
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, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure. 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.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
All rates are variable. For further information regarding interest and products generally, please review the applicable Terms and Conditions.
Terms, conditions, fees, charges and credit criteria apply.
Online Savings Account
| Online Savings Account | Interest rate |
| Entire balance (including Introductory Bonus Rate Offer#) | 5.00% p.a. |
| Introductory bonus rate# | 4.00% p.a. |
| Entire balance (standard rate) | 1.00% p.a. |
# The Online Savings Account Standard Rate is variable and subject to change without prior notice; however, the Introductory Bonus Rate offer is a fixed rate that won’t change during the period it applies to your account. The Introductory Bonus Rate applies for the first 3 months after the account is opened, on top of the Standard Rate. At the end of the 3-month Introductory Bonus Rate period only the Standard Rate will continue to apply. The Introductory Bonus Rate is available on a new Online Savings Account if you and all other account owners have not been eligible to receive the Introductory Bonus Rate on any other Online Savings Account in the previous 6-months. To be eligible to receive any interest inclusive of the Introductory Bonus Rate or Standard Rate, all account owners must hold an Everyday Account, Home Loan or a Credit Facility with Newcastle Permanent.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
For further information regarding interest and products generally, please review the applicable Terms and Conditions.
Terms, conditions, fees, charges and credit criteria apply.
| Everyday account | Interest rate |
|---|---|
| Entire balance | 0.01% p.a. |
| Entire balance when linked to an eligible loan | For 100% Interest Offset - equivalent linked loan's %p.a. |
All rates are variable. For further information regarding interest and products generally, please review the applicable Terms and Conditions.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
Terms, conditions, fees, charges and credit criteria apply.
| Special Monthly Interest Account | Interest rate |
|---|---|
| Up to $9,999 | 0.01% p.a. |
| $10,000 - $49,999 | 1.40% p.a. |
| $50,000 - $249,999 | 1.80% p.a. |
| $250,000 plus | 1.80% p.a. |
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.
All rates are variable. For further information regarding interest and products generally, please review the applicable Terms and Conditions.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
Terms, conditions, fees, charges and credit criteria apply.
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See our Account FAQs for information on how interest is calculated and applied to deposit accounts.