
Get exclusive money-saving offers and guides
Straight to your inbox
The Newcastle Permanent Online Savings Account has no account keeping fees or transaction fees and no minimum balance requirement. You need to have an everyday account, home loan or credit facility with Newcastle Permanent in order to open this savings account.
New account holders can earn up to 0.5% for the first three months of opening this account.
0.50% p.a.
Maximum variable rate
0.05%p.a.
Base interest rate
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Newcastle Permanent Online Savings Account |
---|---|
Maximum Variable Rate | 0.50% p.a. |
Standard Variable Rate | 0.05% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Review by
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
This account is cost-effective, convenient and delivers competitive interest rates while still allowing you complete control over how you spend your money.
2 Comments
March 9, 2017
With the Newcastle Permanent online savings account, if the standard variable is 1.5% how do I qualify for the 1.5% bonus interest each month
March 9, 2017
Hi Christine,
Thanks for your question.
The bonus rate is only available to new Online Savings Account holders who have not held an Online Savings Account during the last 6 months. The bonus rate of 1.50% p.a. applies for 3 months after account opening, on top of the standard variable interest rate. Also, to get this rate, you must have an Everyday Account, a Home Loan or a Credit Facility with Newcastle at the time interest is applied.
Cheers,
Anndy