In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Newcastle Permanent Smart Saver Account

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Newcastle Permanent Smart Saver Account

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

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Maximum variable rate
4.50% p.a.
Base interest rate
0.05%p.a.
Minimum deposit
$150

Our verdict

Kickstart your savings and enjoy quick and easy access to your funds with a Smart Saver Account from Newcastle Permanent.

This savings account offers a higher bonus interest rate if you're under 25. The conditions you need to meet to earn interest are easier than some others in the market, however, the interest rate is also lower.

Pros

  • No account-keeping fees
  • Internet and mobile banking access

Cons

  • Available to Australian residents

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

This account balances savings power with the convenience of being able to make withdrawals when you need cash. As long as you grow your savings balance each month and make no more than two withdrawals, you can earn the bonus interest rate. Plus, you'll earn even more interest if you're under 25.

Details

Key details

Product Name Newcastle Permanent Smart Saver Account
Maximum Variable Rate 4.50% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0

Key features

Receive 4.5% p.a. if you meet the conditions below

The Smart Saver Account pays an interest rate of 4.5% in every month that you increase your balance by any amount each month and make no more than 2 withdrawals.

Special conditions for people under the age of 25

Customers under 25 years of age can get an even higher interest rate by meeting the same conditions.

Launch savings calculator


How to apply

If you'd like to open a Newcastle Permanent Smart Saver Account, click on one of the "Apply now" links on this page. You will be securely redirected to the Newcastle Permanent website and an online application form. However, before starting the form, make sure you meet the following eligibility criteria.

Eligibility

  • Minimum age. You must be at least years of age to open a Smart Saver Account.
  • Residency requirements. The account is only available to permanent Australian residents.

Your reviews

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Peta

August 20, 2023

Wanting to open a high interest account for my mother. She does not have a passport or drivers liscence. What else would you accept


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Alison Banney Finder

August 23, 2023

Hi Peta, you’ve reached Finder not Newcastle Permanent. Please get in touch with the bank directly to speak about your application.


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Werner

August 20, 2023

My kids are 9 and 7. Can I open savings accounts for them or are they too young? They would only get access to the account at around age 14 or so.


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Alison Banney Finder

August 23, 2023

Hi, this account has a Youth option for customers under 25. Parents/guardians can be given authority to operate the account until the child turns 14 and can request sole access.


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Anne

November 13, 2017

I would like to open an account for my child (age 14). I would like a (the under 25)savings account, where half his pocket money goes, (that he does not have access to at the moment) and a fee free account with a card for the other half. Is this possible?


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Arnold

November 13, 2017

Hi Anne,


Thanks for your inquiry


As stated above, There’s is a special Smart Saver Account for people under 25 years of age that offers less strict deposit requirements in order to access bonus interest. You’ll also enjoy no account keeping fees and an interest rate of 2.60% in every month that you increase your balance by $150 into your account and make no more than 2 withdrawals.


Hope this information helps


Cheers,

Arnold


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