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BSB 650 000

Part 3 - Business Accounts Interest Rates Schedule

Our focus is to provide market-leading products and services for our members, and looking after our community.

This document is Part 3 of the Terms and Conditions for the Business Cheque Account, Business Cash Management Account, Club Account and Trust Accounts. The other documents that make up the Terms and Conditions are:

However, we may give you this document on its own (without the other documents that make up these Terms and Conditions). In that case, this document does not form part of the Terms and Conditions unless we tell you otherwise.

You should consider the Terms and Conditions in deciding whether to acquire, or continue to hold, any of the products the subject of the Terms and Conditions. The issuer of the products in the Terms and Conditions is Newcastle Permanent Building Society Ltd. ABN 96 087 651 992, AFSL 238273.

To obtain a copy of the Terms and Conditions, please call 13 19 87, visit one of our branches or view our Terms and Conditions online.

Real Estate Trust Account
Account Balance Range Entire balance
Annual Interest Rate
(as at 25/01/2020)
 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

Solicitors Trust Account
Account Balance Range Entire balance
Annual Interest Rate
(as at 25/01/2020)
 0.35%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.

Business Cheque and Club Account
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.

Business Base Overdraft
Base Overdraft Interest Rate (Interest margin may apply) 5.26%p.a.

Business Cash Management
Up to $9,999 0.00% p.a.
$10,000 - $19,999 0.10% p.a.
$20,000 - $49,999 0.10% p.a.
$50,000 - $99,999 0.10% p.a.
$100,000 - $249,999 0.20% p.a.
$250,000 - $499,999 0.20% p.a.
$500,000 - $999,999 0.45% p.a.
$1,000,000 plus 0.45% 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.

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    Please be aware to borrow this amount you will be required to provide security. You may continue with your online enquiry, providing security where requested, or you can contact our Member Support Centre on 13 19 87 to discuss our security requirements prior to completing your enquiry.

    Security against loan

    The car should be less then eight years old and for personal use only.

    The motorcycle should be less then seven years old at the end of the loan term. Please note that only on-road and dual purpose motorcycles are accepted as security for a Personal Loan.

    To be used as security this account must be held with the Newcastle Permanent. If you would like to transfer your Term Deposit to the Newcastle Permanent please contact our Member Support Centre on 13 19 87.

    If the property is mortgaged, the mortgage must be held with the Newcastle Permanent to be accepted as security. If you would like to transfer your Mortgage to the Newcastle Permanent please contact our Member Support Centre on 13 19 87.

    Financial statements for the past two financial years will be required to support your application.

    Please note that unemployment benefits are not accepted as eligible income to apply for a Personal Loan. You may contact our Member Support Centre directly on 13 19 87 for further clarification on acceptable sources of income.

    Acceptable Pension type: Aged, Disability, Veterans Affairs and Carers. If you are receiving any other type of pension you may not be eligible for a Personal Loan. Please contact our Member Support Centre on 13 19 87 to discuss your eligibility.

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    Here’s some information for you: Terms and conditions apply and will be included with our loan offer.

    Here’s some information for you: Newcastle Permanent Building Society AFSL 238273.

    Applications for finance are subject to Newcastle Permanent's normal credit approval process. Full terms and conditions will be included with our loan offer. Fees and charges are payable. Loans for commercial purposes are excluded.

    Here's some more information for you: This enquiry does not constitute a loan or pre-approval. Applications for credit are subject to Newcastle Permanents normal credit approval process. Full terms and conditions will be included with our loan offer. Fees and charges are payable.

    Here’s some information for you: Applications for finance are subject to Newcastle Permanent's normal credit approval process.

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Method of Calculating Interest

There are 2 methods 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. 
  • Single Tiered Interest - Means a single interest rate applies to the entire balance of your account.
* The daily percentage rate is the relevant annual interest rate(s) divided by 365.
Interest rates effective as of 25/01/2020 and are subject to change without notice.