Newcastle Permanent Special Monthly Interest

Designed specifically for over-55s, retirees and pensioners, this account offers free everyday banking and presents a flexible alternative as a statement or passbook option.

Newcastle Permanent offers its mature customers this Special Monthly Interest Account that allows retirees to accumulate interest on their pensions. Customers also have free access to funds via online banking, transactions conducted on the telephone and mobile-phone banking. Customers can choose to set up a flexible or statement account, the latter including worldwide access with a Visa debit card.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameNewcastle Permanent Special Monthly Interest Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay

Key features

No monthly fees

Customers incur zero account-keeping and automatic-transfer fees. However, fees are payable for other services provided by the bank, so check the product schedule to avoid incurring unnecessary charges.

24/7 convenient access

With the Statement option, you can access your money via Visa debit card, cash card, personal cheques, internet and mobile-phone banking, automatic transfers, ATM withdrawals, EFTPOS transactions and in-branch transactions.

How to apply


If you're eligible and you'd like to apply for this account, here's how to get the process started. You have to meet the following criteria.

  • Age. Access to this account requires that you be 55 years old or older. You have to prove that you are receiving a government pension or that you're a member of the Association of Independent Retirees.
  • Identification. You will be asked to produce positive identification, which can include a national identity card or passport.

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