Get the Finder app 🥳

Track your credit score

Free

Install
finder.com.au

Newcastle Permanent Online Savings Account

Shirley Liu
Shirley Liu
Last updated:  

Link this account to a Newcastle Permanent Everyday Account and earn up to 1% for the first three months.

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 1% for the first three months of opening this account.

1% p.a.

Maximum variable rate

0.05% p.a.

Base interest rate

0.95% p.a.

Bonus interest rate

for 3 months

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder.

Details

Product NameNewcastle Permanent Online Savings Account
Maximum Variable Rate1% p.a.
Standard Variable Rate0.05%
Bonus Variable Rate0.95%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review

Shirley Liu

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.

Expert review

This account is cost-effective, convenient and delivers competitive interest rates while still allowing you complete control over how you spend your money.

Key features

No monthly account keeping fees

You will not be charged any monthly account keeping fees with the Online Savings account.

No transaction fees

Zero transaction fees, no matter how you transfer money in or out of the account, except as many apply to international transfers or extra services.

Launch savings calculator

How to apply

If the versatility and features of the Newcastle Permanent Online Savings Account are right for you, you can start an online application.

Eligibility

To save time, you should first check the following eligibility requirements:

  • Minimum age. You and any joint applicant must be at least 18 years of age.
  • Residency requirements. In order to apply for this account you must be an Australian resident with a residential address.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Comments

  1. Default Gravatar
    christine
    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

    Reply
    • Avatarfinder Customer Care
      Dee
      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

      Reply
Go to site