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BSB 650 000

Smart Saver Account

Open an account online in minutes and kick start your savings.

Open in 5 mins

Step up your savings game

Use our Smart Saver Account to put money aside and work towards your savings goals. Be rewarded for growing your balance but enjoy the flexibility of accessing your funds if you need to from time to time.

Grow your balance by $150 each month and make no more than 2 withdrawals to be eligible for interest each month∞. Be smart about your savings and enjoy the following account features:

  • No monthly account keeping fee
  • Access to your money wherever Visa is accepted
  • 2 free everyday transactions each month^^
  • Manage your account 24/7 using our app or internet banking.

$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.

Smart Saver Account perks

  • interest rates icon Grows monthly If you grow your balance by $150 and make no more than 2 withdrawals each month∞.
  • Better value banking icon Fewer fees No monthly account keeping fee.
  • mobile app Online access Use our app or internet banking to manage your money across any device.
  • Merchant Facilities Flexibility Two free everyday transactions each month wherever Visa is accepted.

Get the most out of your account with our Guide to your Smart Saver Account.

  • Account details

    Smart Saver Account

    On balances up to $50,000
    0.35
    %
    P.A.

    Working smarter, not harder

    Find out all the finer details below and open an account online in minutes.


    Entire balance up to $50,000∞ 0.35%p.a.
    Entire balance $50,000-$100,000∞ 0.35%p.a.
    Entire balance $100,000-$250,000∞ 0.35%p.a.
    Entire balance over $250,000∞ 0.35%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

  • Smart Saver Under 25's Account

    Smart Saver for youth

    On balances up to $50,000 when all account holders are under 25
    1.00
    %
    P.A.

    Speed up your savings

    Our Smart Saver Under 25’s Account is designed specifically for younger customers – whether it’s a first account or a dedicated account to save for future adventures.

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

    • No monthly account keeping fee for account owners under 25 years old
    • Access to your money wherever Visa is accepted^
    • 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 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

  • Savings calculator

Banking on the go?

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  • Securely access your money any time
  • Check out faster in-store or online using mobile payments
  • Personalise, manage and open an account in seconds.

Download now FAQs
Interest rates effective as of 25/06/2022 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.
∞Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least $150 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.
$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.
^^For more information about ‘Everyday Transactions’, refer to the product schedule.
^Must be 14 to apply for a Visa debit card.