Newcastle Permanent Rapid Saver Statement

Increase your savings by earning high interest when you make at least one deposit and no withdrawals during the month.

Important information

Newcastle Permanent Rapid Saver Statement is no longer available for new applications. Although the bank account cannot be applied for, the information on this page has been kept for the benefit of existing customers and for those who are interested. If you would like to compare other NAB savings accounts, please go through our Newcastle Permanent Savings Accounts Page.
The Rapid Saver Statement account is a high-interest personal savings product that offers customers free access to their money through internet, telephone and mobile banking. You pay no account-keeping fees and get six free everyday transactions per month along with free automatic transfers, BPay and Visa debit card purchases. Depending on how you manage your account, you can earn credit interest on your balance as well as additional free transactions per month.

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0.6% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameNewcastle Permanent Rapid Saver Statement - DISCONTINUED
Maximum Variable Rate0.6% p.a.
Standard Variable Rate0.60%
Monthly Account Fee$0
Minimum Opening Deposit$1
Minimum Age18

Key features

Easy access

Thanks to free online, telephone and mobile banking, you can access your money anytime, anywhere. Besides Newcastle Permanent ATMs, you can also access your account through 3,000 Westpac Group ATMs throughout Australia.

Credit interest

If you make at least one deposit and no withdrawals during a month, interest is credited to your account on the last day of that month.

How to apply

When you start the application process, you will receive a six-digit security code via SMS, which you'll be asked to enter as verification. You have the option to apply for a joint account. The following outlines what's included in the application criteria.


  • Minimum age. You must be at least 18 years old to apply for this account.
  • Residency requirements. You must be a permanent Australian resident.

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