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Online Savings Account - Newcastle Permanent

Online Savings Account

A rate so great you'll get obsessed with saving.

#Terms and Conditions apply

Online Savings Account interest rate 4.75 % p.a.
1% p.a. Standard Rate + 3.75% p.a. Introductory Bonus Rate Offer#

Designed for flexibility

Use our Online Savings Account to complement your everyday banking and grow your savings at the same time.

Enjoy no monthly account keeping or transaction fees and new Online Savings Account holders could also take advantage of a special Introductory Bonus Rate Offer# for the first three months.

You’ll just need an Everyday Account with us to transfer funds into and out of your Online Savings Account – which we can open as part of your online application. Easy!

Keep your savings simple with the following account features:

No minimum monthly deposit required to earn interest.
No account keeping fees.
No minimum opening balance.
Manage your account 24/7 using our app or internet banking.
Open and operate your account securely online, guided by our security advice.
Open in 5 minutes
Rates are effective as at 9am Friday 06/06/2025 and are subject to change without prior notice.

Online Savings account

Online Savings Account Interest rate
Entire balance (including Introductory Bonus Rate Offer#) 4.75% p.a.
Introductory bonus rate# 3.75% p.a.
Entire balance (standard rate) 1.00% p.a.

Features

Interest calculated Daily
Interest credited On the last day of each calendar month

Fees and charges

Account Keeping Fee Nil
Automatic Transfer Fee Nil
Branch Deposit Fee Nil

Open in 5 minutes Terms and Conditions

Online Savings Account perks

Introductory Bonus Rate

Earn additional bonus interest for the first 3 months.#

Remove temptation

Online only reduces the temptation to spend.

Save your way

No monthly account keeping or transaction fees.

Online access

Use our app or internet banking to manage your money across any device.

Safe and secure

Security features to help keep your money safe from scams.

Everyday Account

The peas and carrots combo

We’ll open an Everyday Account as part of your online application so you can transfer funds into and out of your Online Savings Account.

Enjoy unlimited everyday transactions, no account keeping fee and pay in an instant using mobile payments.

Plus our app makes it a breeze to manage your account and keep track of your money wherever you are in the world. Every day is different, so get the most out of it with banking you can count on.

Download our Everyday Banking Account Guide for more details.

No monthly account keeping fee
Unlimited free everyday transactions^^
Get access to an instant digital card via our app
Check out faster in-store or online with mobile payments
Access your account 24/7 using our app or internet banking
Pay wherever Visa is accepted^
Use our ATMs, Greater Bank and any of the big four banks for freeΔ
Get paid directly into your account by submitting a form with your employer.
Open Everyday Account

FAQs

To see all FAQs visit our help & support page

Log on to the app and select ‘Profile’ from the bottom menu to find your 8 digit Customer ID. Otherwise select ‘Forgot Customer ID’ from internet banking and follow the prompts.

You'll need your Customer ID and a few other personal details.

App:

  • Download the app via the App Store or Play Store and follow the prompts.

Internet banking:

  • Register for internet banking via the Log on tab on our website and follow the prompts.

If you are registered for electronic communications, you will receive an email to let you know when your statement is available.

App:

  1. Log on and select the account you wish to view the statement for
  2. Tap on 'Statements'
  3. Select the period you would like to view.

Internet banking:

  1. Log on
  2. Navigate to 'Accounts', and select ‘Statements’,
  3. Select the account you want to view the statements for, and the period you would like to search for,
  4. Select 'Search'. All the available statements for the selected period will now display.

You can request a statement if you need a more recent record of your transactions.

Access your accounts

You may need to access your accounts from overseas, so make sure you know your app or internet banking password before you go.

Please contact us before you go to set up an alternative Transaction Password to use while travelling, this will ensure you can continue to access your accounts avoiding any issues overseas accessing your Australian mobile number to receive your SMS one-time password.

Notify us of your travel plans

Let us know your travel plans via the app or internet banking banking so we can monitor your account activity overseas and provide better security for you.

To use the app to notify us of your travel plans:

  • Log on
  • Go to Profile
  • Select Overseas travel and follow the prompts.

To use internet banking to notify us of your travel plans:

  • Log on to internet banking and navigate to Services > Overseas travel,
  • Select 'Add trip'
  • Enter all countries you plan to visit including stopovers, and the dates you are travelling,
  • Use the checkboxes provided to let us know if you are planning to use your cards for ATM withdrawals, or for large purchases, 
  • Select ‘Save’.

Alternatively, you can call us on 13 19 87, or visit one of our branches to notify us. 

Contact us securely.

App:

  1. Log on and select the mail icon in the top-left of the screen
  2. Toggle to 'Create message' and enter your details
  3. Click 'Send' and keep an eye on your inbox for replies.

Internet banking:

  1. Log onto internet banking
  2. Navigate to Mail > Create message
  3. Enter your enquiry in the description field and upload any attachments
  4. Click 'Send' and keep an eye on your inbox for replies.
Explore FAQs

Get in touch

Speak to a local

Our friendly Newcastle Permanent contact centre are here to help.

Call 13 19 87

Make an enquiry

Get in touch with us online, and we'll get back to you as soon as possible.

Make an enquiry

Visit your branch

Find the Newcastle Permanent branch that's closest to you.

Find your local branch

 

# 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.


^^ 'Everyday transactions' consist of branch withdrawals. For more information refer to the product schedule.


^ Must be 11 years or over to apply for a Visa Debit card. 11-13 year olds require parental consent.


Δ No transaction fees apply for a successful cash withdrawal or account balance query using your Newcastle Permanent Visa debit card at any Newcastle Permanent, Greater Bank, ANZ, NAB, Commonwealth Bank or Westpac ATM across Australia.


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