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.

4.4 ★★★★★ (96 reviews) Write a review
Newcastle Permanent

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.

Newcastle Permanent savings accounts, transaction accounts and term deposits

Newcastle Permanent savings accounts

5 of 5 results
Finder Score Maximum Variable Rate p.a. Base interest rate Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Newcastle Permanent logo
Finder score
Finder score
Maximum Variable Rate p.a.
3.75%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
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Newcastle Permanent logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.45%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
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Newcastle Permanent logo
Finder score
Finder score
Maximum Variable Rate p.a.
4.50%
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.
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Newcastle Permanent logo
Finder score
Finder score
Maximum Variable Rate p.a.
1.60%
Standard Variable Rate p.a.
1.60%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • For pensioners, retirees and over 55's
  • Balance $250,000 and over
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Newcastle Permanent logo
Finder score
Finder score
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
  • 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 selection
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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

Want more interest on your savings?

Compare now and find a better rate.

Newcastle Permanent transaction account

5 of 5 results
Finder Score Monthly fee Govt. Guarantee Own network ATM fee Card type
Finder score
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.
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Newcastle Permanent logo
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Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Newcastle Permanent logo
Finder score
Newcastle Permanent Business Cheque Account
Apple Pay Google Pay
Finder score
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Newcastle Permanent logo
Finder score
Newcastle Permanent Club Account
Apple Pay Google Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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Newcastle Permanent logo
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Newcastle Permanent Everyday Youth Account
Apple Pay Google Pay
Finder score
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
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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.

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Newcastle Permanent term deposits

2 of 2 results
Finder Score 3 Mths p.a. 6 Mths p.a. 10 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Finder Score
3 Mths p.a.
3.75%
6 Mths p.a.
4.05%
10 Mths p.a.
3.60%
12 Mths p.a.
3.80%
24 Mths p.a.
3.30%
Lock in a rate as high as 4.05% for 6 months with a minimum $1,000 deposit.
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Newcastle Permanent logo
Finder Score
Newcastle Permanent Business Term Deposit
$1,000 min. deposit
Finder Score
3 Mths p.a.
3.75%
6 Mths p.a.
4.05%
10 Mths p.a.
3.60%
12 Mths p.a.
3.80%
24 Mths p.a.
3.30%
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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

Lock in a great rate

Compare term deposits to grow your savings with confidence.

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 to apply for a Newcastle Permanent savings account

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.

Compare other products from Newcastle Permanent

Your reviews

4.4
★★★★★(0)
5
4
3
2
1

All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

10 of 96 reviews

★★★★★ Becs_Opinion (NSW) 2 years ago

Via customer survey commissioned by Finder

Reliable, trustworthy, traditional. History.


★★★★★ Bubblez (QLD) 2 years ago

Via customer survey commissioned by Finder

It is simple app that shows what you need it to show. Never had an issue with it being down or unable to use it.


★★★★★ Bubblez (QLD) 2 years ago

Via customer survey commissioned by Finder

No fees can be a pain though trying to set up your internet banking and getting multiple people on the one account. I remember it being a mission but as far as bank accounts go have had no issues with this one.


★★★★★ (NSW) 2 years ago

Via customer survey commissioned by Finder


★★★★★ Bandi (NSW) 2 years ago

Via customer survey commissioned by Finder

No fees, easy to use, app user friendly. Great customer service. Highly recommend


★★★★★ Bandi (NSW) 2 years ago

Via customer survey commissioned by Finder

I've been a customer for 12 years always friendly customer service, easy to use banking, anyone can adapt to their online banking app with ease. Minimal fees I highly recommend.


★★★★★ Brooklyn1 (NSW) 2 years ago

Via customer survey commissioned by Finder

Great bank


★★★★★ Brooklyn1 (NSW) 2 years ago

Via customer survey commissioned by Finder

Good service


★★★★★ Duchess Jules (NSW) 2 years ago

Via customer survey commissioned by Finder

I have been with Newcastle Permanent for 30yrs


★★★★★ Stone (NSW) 2 years ago

Via customer survey commissioned by Finder

Good 2 banks


Richard Whitten's headshot
Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards 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 started his career in education and textbook publishing in South Korea. He 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 Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 655 Finder guides across topics including:
  • Home loans
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