Savings Account interest rates

Smart Saver Account

Entire balance up to $50,000 4.50%p.a.
Entire balance $50,000-$100,000 4.50%p.a.
Entire balance $100,000-$250,000 4.50%p.a.
Entire balance over $250,000 4.50%p.a.
Entire balance up to $50,000 5.00%p.a.
Entire balance $50,000-$100,000 5.00%p.a.
Entire balance $100,000-$250,000 5.00%p.a.
Entire balance over $250,000 5.00%p.a.
Interest rates effective as of 05/03/2024 and are subject to change without prior notice.
Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least $150 higher than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month.
Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least $10 higher than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month. All account holders must be under 25 years of age as at the last day of that month to be eligible for this interest rate.

Online Savings Account

Entire Balance (Standard Rate) 1.00%p.a.
Introductory Bonus Rate# 4.00%p.a.
Entire Balance (including Introductory Bonus Rate Offer#) 5.00%p.a.
Interest rates effective as of 05/03/2024 and are subject to change without prior notice.
#The Online Savings Account Standard Rate is variable and subject to change without prior notice; however, the Introductory Bonus Rate offer is a fixed rate that won’t change during the period it applies to your account. The Introductory Bonus Rate applies for the first 3 months after the account is opened, on top of the Standard Rate. At the end of the 3-month Introductory Bonus Rate period only the Standard Rate will continue to apply. The Introductory Bonus Rate is available on a new Online Savings Account if you and all other account owners have not been eligible to receive the Introductory Bonus Rate on any other Online Savings Account in the previous 6-months. To be eligible to receive any interest inclusive of the Introductory Bonus Rate or Standard Rate, all account owners must hold an Everyday Account, Home Loan or a Credit Facility with Newcastle Permanent.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
For further information regarding interest and products generally, please review 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.

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