Greater Bank is a customer-owned bank based in Newcastle, NSW. Since March 2023 it has been part of Newcastle Greater Mutual Group (NGM Group), which was formed when Greater Bank merged with Newcastle Permanent. Greater Bank still trades under its own name, with its own branches, website and app.
Greater Bank and Newcastle Permanent are brands of the same bank, so the government's Financial Claims Scheme guarantee applies to your combined deposits across both brands, not to each brand separately.
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
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Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
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Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
If you already bank with Greater Bank, log in to the app or online banking and choose the account you want in the Products and Offers section. If you're new to Greater Bank, fill in a savings account application form on its website and verify your identity. Greater Bank then sends you temporary online banking login details by email and SMS, so you can finish opening your account in the app or online banking. Some accounts have their own eligibility rules, so check the account details before you apply. You can also open an account in a branch.
You can call Greater Bank on 13 13 86, or +61 2 4921 9111 from overseas. You can also send a secure message in the Greater Bank app or visit a branch in NSW or Queensland. Use the branch locator on the Greater Bank website to find your nearest branch or ATM.
Greater Bank Life Saver Account is ideal for youngsters who want to start saving.
With its low minimum deposit requirement and variety in term options, you can meet savings goals both big and small.
Do you have a Government Guarantee for investment up to 250000.00?
Hi Tatiana,
Yes, your deposit of up to $250k in a Greater Bank term deposit or savings account is included in the government guarantee scheme.
Thanks,
Alison
Iam ready to retire, and wanted to get the best interest for my money because have 5 years before l get a pension.do you have any ideas on your best investment for a weekly payment.
Hi Craig,
If you’re looking at Greater Bank it does offer a few interest-earnings accounts. There’s a Bonus Saver Account or a Term Deposit.
The savings account pays interest monthly (provided you meet the account conditions) and the Term Deposit pays interest monthly, six-monthly, or at maturity (not weekly).
Hope that helps,
Alison
Does greater bank do careless cash
Hi Adele,
No. However, they currently offer mobile wallets which allow you to make contactless payments.
Best,
Alison