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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 06/12/2016)
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 06/12/2016)
0.25%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) 5.37%p.a.

Business Cash Management

Up to $9,999 0.00% p.a.
$10,000 - $19,999 0.50% p.a.
$20,000 - $49,999 0.50% p.a.
$50,000 - $99,999 0.50% p.a.
$100,000 - $249,999 0.70% p.a.
$250,000 - $499,999 0.70% p.a.
$500,000 - $999,999 0.95% p.a.
$1,000,000 plus 0.95% 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.

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.
Interest rates effective as of 06/12/2016 and are subject to change without notice.