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BSB 650 000

Business Interest Rates

We are 100% owned by our members and provide market-leading personal & business banking products, home loans & credit cards.

Our commitment to all our customers during difficult times is a top priority. We are here to help small business owners who may be experiencing financial hardship through our MemberAssist program.

Business Banking Interest rates

  • Business Accounts

    Account Balance Range Entire balance
    Annual Interest Rate
    (as at 28/09/2021)
    		 90% of the RBA official targeted cash rate
    Method of Calculating Interest Single Tier Interest - Means a single interest rate applies to the entire balance of your account.
    How Interest is Calculated We apply the daily percentage rate* to the balance of your account at the end of each day.
    When Interest is Calculated No interest is credited to your account. However, interest earned on your account is paid to the Office of Fair Trading monthly after the close of business at the end of the month.
    Penalty Interest on Overdrawn Account 20% p.a. on amount overdrawn
    * The daily percentage rate is the relevant annual interest rate(s) divided by 365.
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    Account Balance Range Entire balance
    Annual Interest Rate
    (as at 28/09/2021)
    		 0.00%p.a.
    Method of Calculating Interest Single Tier Interest - Means a single interest rate applies to the entire balance of your account
    How Interest is Calculated We apply the daily percentage rate* to the balance of your account at the end of each day.
    When Interest is Calculated No interest is credited to your account. However, interest earned on your account is paid to the New South Wales Law Society monthly after the close of business at the end of the month.
    Penalty Interest on Overdrawn Account 20% p.a. on amount overdrawn
    Important Information - this rate is negotiated between Newcastle Permanent Building Society and the New South Wales Law Society.
    * The daily percentage rate is the relevant annual interest rate(s) divided by 365.
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    Up to $1,999 0.00% p.a.
    $2,000 - $9,999 0.00% p.a.
    $10,000 - $19,999 0.00% p.a.
    $20,000 - $49,999 0.00% p.a.
    $50,000 - $99,999 0.00% p.a.
    $100,000 plus 0.00% p.a.
    Method of Calculating Interest Tiered Interest - Means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the interest rate for that tier on the entire balance of your account.
    How Interest is Calculated We apply the daily percentage rate* to the balance of your account at the end of each day.
    When Interest is Calculated Interest is credited to your account quarterly after the close of business at the end of June, September, December and March.
    Penalty Interest on Overdrawn Account Business Base Overdraft + 6% p.a.
    * The daily percentage rate is the relevant annual interest rate(s) divided by 365.
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    Up to $9,999 0.00% p.a.
    $10,000 - $19,999 0.05% p.a.
    $20,000 - $49,999 0.05% p.a.
    $50,000 - $99,999 0.05% p.a.
    $100,000 - $249,999 0.10% p.a.
    $250,000 - $499,999 0.10% p.a.
    $500,000 - $999,999 0.20% p.a.
    $1,000,000 plus 0.20% p.a.
    Method of Calculating Interest Tiered Interest - Means a single interest rate applies to the entire balance of your account. When your balance reaches a higher tier you will receive the interest rate for that tier on the entire balance of your account.
    How Interest is Calculated We apply the daily percentage rate* to the balance of your account at the end of each day.
    When Interest is Calculated Interest is credited to your account monthly after the close of business at the end of the month.
    Penalty Interest on Overdrawn Account  Business Base Overdraft + 6%p.a.
    * The daily percentage rate is the relevant annual interest rate(s) divided by 365.
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.

    Can't find what you're looking for? Refer to the Products no longer available for sale.

  • Term Deposit Accounts

    21 - 45 days 0.10%p.a.
    46 - 75 days 0.10%p.a.
    76 - 105 days 0.20%p.a.
    106 - 135 days 0.20%p.a.
    136 - 165 days 0.20%p.a.
    166 - 195 days 0.30%p.a.
    196 - 225 days 0.30%p.a.
    226 - 255 days 0.30%p.a.
    256 - 285 days 0.30%p.a.
    286 - 315 days 0.35%p.a.
    316 - 345 days 0.35%p.a.
    346 - 385 days 0.40%p.a.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    *Deposits are guaranteed under the Australian Government's Financial Claims Scheme.
    Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.10% 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. 
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    76 - 105 days 0.10%p.a.
    106 - 135 days 0.10%p.a.
    136 - 165 days 0.10%p.a.
    166 - 195 days 0.20%p.a.
    196 - 225 days 0.20%p.a.
    226 - 255 days 0.20%p.a.
    256 - 285 days 0.20%p.a.
    286 - 315 days 0.25%p.a.
    316 - 345 days 0.25%p.a.
    346 - 385 days 0.30%p.a.
    2 years 0.35%p.a.
    3 years 0.70%p.a.
    4 years 0.80%p.a.
    5 years 0.90%p.a.
    1 year 0.30%p.a.
    2 years 0.35%p.a.
    3 years 0.70%p.a.
    4 years 0.80%p.a.
    5 years 0.90%p.a.
    1 year 0.30%p.a.
    2 years 0.35%p.a.
    3 years 0.70%p.a.
    4 years 0.80%p.a.
    5 years 0.90%p.a.
    2 years 0.45%p.a.
    3 years 0.80%p.a.
    4 years 0.90%p.a.
    5 years 1.00%p.a.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    *Deposits are guaranteed under the Australian Government's Financial Claims Scheme.
    Interest rate where Term Deposit funds are withdrawn prior to the maturity date is 0.10% 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. 
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.
    Platinum At-Call High Interest Rate 0.25%p.a.
    Interest rates effective as of 28/09/2021 and are subject to change without prior notice.
    You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

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    The safety of our people and customers is our top priority. In response to the evolving COVID-19 situation, we’ve made the following changes to our branch hours:

    • Our Grafton, Coffs Harbour, Port Macquarie, Taree, Foster and Tamworth branches have returned to normal opening hours in line with regional restrictions easing
    • All other branches have temporarily reduced hours of 9am-1.30pm from Mon-Fri.

    We recommend doing your banking from the safety and comfort of your home, but as an essential service we remain open for business. As a precaution, we may need to temporarily change the hours of our branches. Our locator tool will help you find an alternate branch close by. You can also download the app, internet banking or call our local call centre team. 

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