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Newcastle Permanent Term Deposit

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You could turn a small investment into something big with a term deposit from Newcastle Permanent.

The flexibility of the Newcastle Permanent Term Deposit allows you to customise the account to meet your savings goals. Various options for term lengths, and high interest earnings on smaller deposit amounts can give you the opportunity to grow your money in a short amount of time. For higher deposits you can set up monthly interest payments, augmenting your monthly income while keeping your financial future securely held in an account.

Up to 1.35% p.a.

Interest rate

60 months interest rate

$1,000

Minimum opening deposit

$0

Account keeping fee

Details

Product NameNewcastle Permanent Term Deposit
3 month interest rate0.95%
4 month interest rate0.80%
6 month interest rate1.00%
7 month interest rate0.80%
9 month interest rate0.80%
12 month interest rate1.00%
24 month interest rate1.05%
36 month interest rate1.10%
48 month interest rate1.25%
60 month interest rate1.35%
Minimum Opening Deposit$1,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

Minimum investment amount

With Newcastle Permanent you are able to open a term deposit with as little as $1,000.

Term length

You can choose from terms ranging from one month to one year.


How to apply

Eligibility

If the options provided by the Newcastle Permanent Term Deposit fit in with your short term financial goals, you can fill out an online application in under ten minutes by clicking on "Go to Site". Before getting started on the application for your term deposit, verify that you are eligible to apply:

  • Minimum age. Term deposit account holders must be at least 18 years of age.
  • Residency requirements. You and any joint account holders must be permanent Australian residents with an Australian residential address.

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2 Comments

  1. Default Gravatar
    Robert
    December 6, 2017

    What interest can I receive on $450,000 for 12 months
    Thanks
    rta

    • Avatarfinder Customer Care
      Joanne
      December 6, 2017

      Hi Robert,

      Thank you for visiting finder, we are an Australian financial comparison website and general information service.

      With the use of our term deposit calculator, it shows that for Newcastle your 450,000 in 12 months will earn interest if compounded monthly of approximately $9,082.96.

      On the same page, you may also be able to compare lenders by entering your intial deposit on the box provided plus the number of months. Once you click on calculate, the lenders will appear and the interest earned per lender will be displayed.

      While your money is invested, the rates are fixed and not subject to change thus it is not difficult to determine the interest you will earn.

      Cheers,
      Joanne

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