Compare Newcastle Permanent savings accounts

Newcastle Permanent is a customer-owned mutual bank that has been operating around Newcastle, NSW for 120 years. Newcastle Permanent is part of NGM group and offers savings accounts along with home loans, personal loans and more.

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Product	Finder Score	Maximum Variable Rate p.a.	Base interest rate	Intro/Ongoing	Government Guarantee	Monthly Max Rate Conditions
Finder score 7.9 Great Newcastle Permanent Smart Saver Account	Finder score 7.9 Great	Maximum Variable Rate p.a. 4.00%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals	Go to site More info Compare product selectionCompare	loading
Finder score 4.1 Basic Newcastle Permanent Online Savings Account	Finder score 4.1 Basic	Maximum Variable Rate p.a. 4.70%	Standard Variable Rate p.a. 1.00%	Intro/Ongoing 3 months	Government Guarantee	Monthly Max Rate Conditions N/A	More info Compare product selectionCompare	loading
Finder score 9.1 Excellent Newcastle Permanent Smart Saver Account - Under 25s	Finder score 9.1 Excellent	Maximum Variable Rate p.a. 4.75%	Standard Variable Rate p.a. 0.05%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions Grow balance No more than 2 withdrawals Portion of the balance below $50,000	An easy way for young savers to earn a solid interest rate without jumping through too many hoops.	More info Compare product selectionCompare	loading
Finder score 2.7 Basic Newcastle Permanent Business Cash Management Account	Finder score 2.7 Basic	Maximum Variable Rate p.a. 0.40%	Standard Variable Rate p.a. 0.40%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions N/A	More info Compare product selectionCompare	loading
Finder score 4.6 Basic Newcastle Permanent Special Monthly Interest Account	Finder score 4.6 Basic	Maximum Variable Rate p.a. 1.70%	Standard Variable Rate p.a. 1.70%	Intro/Ongoing Ongoing	Government Guarantee	Monthly Max Rate Conditions For pensioners, retirees and over 55's Balance $250,000 and over	More info Compare product selectionCompare	loading

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How the Finder Score helps you find a better savings account

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?

Read the full Finder Score breakdown

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Product	Finder Score	Monthly fee	Govt. Guarantee	Own network ATM fee	Card type
Finder score 8.2Great Newcastle Permanent Everyday Account Apple Pay Google Pay	Finder score 8.2Great	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	$0 monthly fees, unlimited free transactions plus a Visa debit card and digital card.	Go to site More info Compare product selectionCompare	loading
Finder score 8.9Great Newcastle Permanent Special Monthly Interest Account Apple Pay Google Pay	Finder score 8.9Great	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More info Compare product selectionCompare	loading
Finder score 7.8Great Newcastle Permanent Business Cheque Account Apple Pay Google Pay	Finder score 7.8Great	Monthly fee $10	Government Guarantee	Own network ATM fee $0	Card type Visa	More info Compare product selectionCompare	loading
Finder score 6.6Standard Newcastle Permanent Club Account Apple Pay Google Pay	Finder score 6.6Standard	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More info Compare product selectionCompare	loading
Finder score 7.2Great Newcastle Permanent Everyday Youth Account Apple Pay Google Pay	Finder score 7.2Great	Monthly fee $0	Government Guarantee	Own network ATM fee $0	Card type Visa	More info Compare product selectionCompare	loading

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Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

Read the full Finder Score methodology

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Product	Finder Score	3 Mths p.a.	4 Mths p.a.	5 Mths p.a.	6 Mths p.a.	7 Mths p.a.	11 Mths p.a.	12 Mths p.a.	24 Mths p.a.
Finder Score 8.8 Great Newcastle Permanent Term Deposit $1,000 min. deposit	Finder Score 8.8 Great	3 Mths p.a. 3.85%	4 Mths p.a. 3.85%	5 Mths p.a. 3.85%	6 Mths p.a. 4.15%	7 Mths p.a. 3.70%	11 Mths p.a. 3.70%	12 Mths p.a. 3.80%	24 Mths p.a. 3.40%	Lock in a rate as high as 4.15% for 6 months with a minimum $1,000 deposit.	Go to site More info Compare product selectionCompare	loading
Finder Score 8.6 Great Newcastle Permanent Business Term Deposit $1,000 min. deposit	Finder Score 8.6 Great	3 Mths p.a. 3.85%	4 Mths p.a. 3.85%	5 Mths p.a. 3.85%	6 Mths p.a. 4.15%	7 Mths p.a. 3.70%	11 Mths p.a. 3.70%	12 Mths p.a. 3.80%	24 Mths p.a. 3.40%	More info Compare product selectionCompare	loading

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Finder Score for term deposits

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.

Read the full Finder Score methodology

Who is Newcastle Permanent?

Newcastle Permanent provides customers with plenty of options to meet their savings needs. You will find online accounts, low and no fees and a number of accounts designed specifically for certain goals.

Compare what Newcastle Permanent has to offer against the savings accounts of larger banks to see if they are able to provide you with the best benefits for a secure home for your money.

What about the mobile app?

Image Source: App Store

Login Page	Account Balance	Payments

What transaction accounts are offered by Newcastle Permanent?

Everyday Account. A fee-free transaction account designed for everyday spending. Unlimited free everyday transactions and 24/7 app and online banking access.
Special Monthly Interest Account. This is a bank account designed for retirees, pensioners and over 55s. You can earn some interest while having easy access to your money when you need it.

What high interest savings accounts are offered by Newcastle Permanent?

Online Savings Account. If you have a Newcastle Permanent everyday account, home loan or credit facility, you can open a high interest earning online savings account and pay no monthly fees. There are no minimum deposit requirements and you can get a competitive rate while still being able to make withdrawals.
Smart Saver Account. This account lets you earn some interest while also letting you access your money from time to time. You can earn interest each month if you grow your balance make no more than 2 withdrawals.

What term deposits are offered by Newcastle Permanent?

Term deposit. With an initial investment of $1,000, you can choose terms ranging from 21 days to 5 years. You can choose to get interest paid periodically or at maturity.

What are the pros and cons of banking with Newcastle Permanent?

Pros

Flexibility. The various savings accounts offered provide you with the flexibility to choose one that is right for your financial goals.
Online option. The online savings account provides you with a bonus rate and no fees just for taking advantage of other products from Newcastle Permanent.
Accessibility. You have more accessibility to your money through the free use of Westpac’s ATM network.

Cons

Region based. Newcastle Permanent is based in NSW, with all of their branches confined to that area.

How do I apply for Newcastle Permanent savings account?

You need to compare the accounts offered by Newcastle Permanent with others to make sure they suit your personal financial needs and your unique situation. If you decide one of the Newcastle Permanent accounts meets your needs, you can apply for a savings account in a few minutes via Newcastle Permanent's website or app.

To apply you will need:

To be a permanent resident in Australia.
An email address and phone number.
2 forms of ID (including an Australian driver's license, birth certificate, passport or Medicare card.

If you are an existing member of Newcastle Permanent, you should receive your account details in just a few days. If not, you will have to wait until the identity verification process is complete. Ensure that you have carefully compared their accounts with other financial institutions before going forward with your application.

Compare other products from Newcastle Permanent

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Written by

Richard Whitten

Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

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Richard has written 636 Finder guides across topics including:

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Compare Newcastle Permanent savings accounts

Whatever your financial goals are for the future, Newcastle Permanent has a savings plan that could help you meet them.