Get the Finder app 🥳

Track your credit score

Free

Newcastle Permanent Special Monthly Interest

Last updated:  

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.

$0

Account keeping fee

$0

ATM withdrawal fee

$0

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

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 Special Monthly Interest Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International transaction fee3%
Monthly deposit required to waive account feeN/A

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

Eligibility

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.

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.
Go to site