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Save your way with flexible term options.

Term Deposit

Lock in a Term Deposit today, and enjoy peace of mind tomorrow. 

Term Deposit Interest Rate 5.35 % p.a.
12 month term, minimum $1,000, interest paid at maturity.

Secure your savings

Some things are worth waiting for.

Maximising your money with a Term Deposit that offers a range of 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 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.
Open with as little as $1,000.
No annual or monthly account keeping fees.
Range of term options to choose from.
Interest paid periodically or at maturity.^
You can access your money early by giving us 31 days’ notice*
Access to view your account 24/7 using our app or internet banking.
Easily add extra funds up to 7 days before or 7 days after maturity.
Open online in minutes Interest rates

 

Rates are effective as at 9am Tuesday 16/06/2026 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 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.
Rates are effective as at 9am Tuesday 16/06/2026 and are subject to change without prior notice.

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.

Fees and charges

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

PDF
Current Term Deposit Product Schedule 36kB

Term deposit perks

Range of term options

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 from available periodic or at maturity interest payment options.^

No account keeping fee

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.

We understand that unexpected life circumstances occur. If you’re facing genuine financial hardship, you can request to have the 31 day notice period and interest rate reduction waived.

To enquire about early access to your Term Deposit, you can contact our Customer Assist Team.

Enquire now   Call us on 02 4927 4374

Once we have received your online enquiry, our Customer Assist team will be in contact with you the same day or following business day to discuss your current situation. 

You can find out what your early withdrawal amount would be by visiting your local branch or calling us on 13 19 87 for an indicative early withdrawal amount.

Yes. You can make the same changes on the maturity date as you can during the renewal period, including adjusting your term, changing your payment frequency, withdrawing your funds, or adding extra funds.

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 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, all 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.

Head online to www.fcs.gov.au to find out more.

Term deposit FAQs More FAQs

Bank where you're a winner.

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Winner - Most Recommended

Mozo | 2025

 

Bank of the Year - Customer Service

Money magazine | 2025

 

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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

Rates are effective as at 9am Tuesday 16/06/2026 and are subject to change without prior notice.

Account terms, conditions, fees and charges apply.

*31 day notice period applies to early withdrawals from Term Deposits opened or last renewed on or after 23 February 2026. Term Deposits opened or last renewed before this date are not subject to a notice period. An interest rate reduction also applies to early withdrawals.

^The available interest payment frequency options vary based on your selected investment term.

Any advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the product is suitable for you and read the Terms and Conditions available on request from any branch, our website or by calling 13 19 87.  

Find more information on the Mozo Experts Choice Awards 2025 and Mozo People's Choice Awards 2024 and 2025 awards research methodology at Mozo.

Terms and conditions apply for internet banking and the banking app.