Skip to Main Content
Save your way with flexible term options.

Term Deposit

Save your way with flexible term options.

4.25 % p.a.
6 month term with interest paid at maturity. Minimum investment of $1,000.

Secure your savings

Some things are worth waiting for.

Maximising your money with a Term Deposit that offers flexible term options and a certain rate of interest is one of them.

Whether you’re saving for a big-ticket item or just want a secure rate of return for the investment term you select, we have options to suit your life and savings style.

Get started with as little as $1,000 and select a flexible term deposit option ranging from 21 days up to 5 years.

For added peace of mind, all deposits up to $250,000 per customer are guaranteed under the Australian Government’s Financial Claims Scheme*.

Lock in a high interest rate and enjoy the certainty of watching your investment grow over time with:

Online account opening in 5 minutes.
As little as $1,000.
No annual or monthly account keeping fees.
Flexible term options to choose from.
Interest paid periodically or at maturity.
Access to view your account 24/7 using our app or internet banking.
Open and operate your account securely online, guided by our security advice.
Open online in minutes Interest rates

Get the most out of your account with our term deposit account guide. (PDF | 59kb)

 

Rates are effective as at 9am Sunday 15/06/2025 and are subject to change without prior notice.

Interest paid at maturity

Days Interest rate
21 - 45 days 1.00% p.a.
46 - 75 days 1.00% p.a.
76 - 105 days 3.95% p.a.
106 - 135 days 3.95% p.a.
136 - 165 days 3.95% p.a.
166 - 195 days 4.25% p.a.
196 - 225 days 3.80% p.a.
226 - 255 days 3.80% p.a.
256 - 285 days 3.80% p.a.
286 - 315 days 3.80% p.a.
316 - 345 days 3.80% p.a.
346 - 385 days 3.90% p.a.
Rates are effective as at 9am Sunday 15/06/2025 and are subject to change without prior notice.

Interest paid periodically

Monthly Interest rate
76 - 105 days 3.85% p.a.
106 - 135 days 3.85% p.a.
136 - 165 days 3.85% p.a.
166 - 195 days 4.15% p.a.
196 - 225 days 3.70% p.a.
226 - 255 days 3.70% p.a.
256 - 285 days 3.70% p.a.
286 - 315 days 3.70% p.a.
316 - 345 days 3.70% p.a.
346 - 385 days 3.80% p.a.
2 years 3.40% p.a.
3 years 3.80% p.a.
4 years 3.40% p.a.
5 years 3.40% p.a.
Quarterly Interest rate
1 year 3.80% p.a.
2 years 3.40% p.a.
3 years 3.80% p.a.
4 years 3.40% p.a.
5 years 3.40% p.a.
Half Yearly Interest rate
1 year 3.80% p.a.
2 years 3.40% p.a.
3 years 3.80% p.a.
4 years 3.40% p.a.
5 years     3.40% p.a.
Annually Interest rate
2 years 3.50% p.a.
3 years 3.90% p.a.
4 years 3.50% p.a.
5 years 3.50% p.a.

Fees and charges

Account keeping fee Nil
Automatic transfer fee Nil
Branch deposit fee Nil

PDF
Current Term Deposit Product Schedule 35kB

Term deposit perks

Flexible terms

From 21 days up to 5 years with as little as $1,000.

Safe and secure

Security features to help keep your money safe from scams.

Interest options

Choose to have your interest paid periodically or at maturity.

Zero fees

No annual or monthly account keeping fees.

Peace of mind

Deposits up to $250,000 backed by the Government’s Financial Claims Scheme*.

Online or branch deposits

Deposits can be made within 4 days of account opening (inclusive of the account opening day), or within 7 days before or after maturity date.

Online or branch withdrawals

On the maturity date or within the 7 days thereafter.

Premium Banking Relationship service

Dedicated and personalised service from the Premium Banking team for customers with Term Deposits of $250,000 in total or a Term Deposit of any value with total deposit holdings over $750,000.

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.

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails.  Once activated the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

The FCS limit of $250,000 applies to the sum of an account holder’s deposits under any single banking licence, and this includes accounts with any other banking businesses that the licensed banking institution may operate under a different trading name or brand.

On 1 March 2023, Newcastle Permanent and Greater Bank came together to create Newcastle Greater Mutual Group Ltd (NGM Group), one of Australia’s leading customer-owned financial institutions. Both brands continue to operate in the marketplace, as part of a single banking institution, operating under the NGM Group banking licence.

This means, if a customer has deposits with both Greater Bank and Newcastle Permanent which total more than $250,000, a single government guarantee will apply and so the customer’s total deposit guarantee will be $250,000.

Information on the FCS is available on the FCS website – www.fcs.gov.au »

Explore FAQs

Tips to grow your savings

Account check up

By Newcastle Permanent

Updating your bank accounts could save you money and allow you to access more features.

Read more

Growing your super

By Newcastle Permanent

If you want to be comfortable during your retirement years, it’s time to get to know your super.

Read more

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

*Deposits up to $250,000 per customer are guaranteed under the Australian Government's Financial Claims Scheme.


Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.01% p.a. Term Deposit rates are fixed and apply to the whole balance of the account. For further information regarding interest and the products generally, please view the applicable Terms and Conditions. 


For more information on how we handle your data and how it is securely stored, read our Privacy Policy.


1 and 2 month terms only available for interest paid at maturity.


You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.