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BSB 650 000

Give your kids a head start

Savings and transaction accounts for children 13 years and younger.

Open Everyday Account

Set them up for life

We know that little ones have a lot to look forward to in life and that setting them up with their very first bank account is an exciting milestone. It takes only 10 minutes to open an account online and as a parent/guardian you’ll be able to manage the account using our app.

An Everyday Account cashcard for kids aged 11-13 allows them to make payments in-store wherever eftpos is accepted and withdraw cash at any of our fee-free ATMs. Give them a head start in life and open an account today so they can secure their money and start saving for their big dreams.

Young child gardening

  • Everyday Under 25’s Account

    Virtual pocket money

    Our Everyday Account makes it easy to deposit or transfer pocket money to keep it safe until your little ones need it. We’ll also waive the monthly account keeping fee for under 25’s and parents/guardians can use the app to easily manage the account online.

    • No monthly account keeping fee for account owners under 25 years old
    • Parents/guardians have the authority to operate the account until the child turns 14 and can request sole access
    • Use the app or internet banking to manage the account 24/7
    • Parents/guardians receive a Visa debit card for the account
    • Cashcard optional for 11-13 year olds to pay in store wherever eftpos is accepted and withdraw money from ATMs.

    Account Keeping Fee Nil
    Branch Withdrawal Fee Nil
    eftpos Fee Nil
    Newcastle Permanent ATM Enquiry Fee Nil
    Newcastle Permanent ATM Withdrawal Fee Nil

  • Smart Saver Under 25’s Account

    Speed up your savings

    Our Smart Saver Under 25’s Account is designed specifically for younger customers, offering a higher interest rate to help grow those goals.

    Sit back and save knowing you’ll earn a guaranteed standard rate of interest on your savings with the option to access your money if you need it.ᴥ

    Plus, receive bonus interest when you grow your balance and make no more than 2 withdrawals each month.ᴥ

    Clever cookies will enjoy the following account features:

    • Bonus interest when you grow your balance and make no more than 2 withdrawals each monthᴥ

    • No monthly account keeping fee

    • 2 free everyday transactions each month^^

    • Manage your account 24/7 using our app or internet banking.

    • Parents/guardians can be given authority to operate the account until the child turns 14 and can request sole access.

    Get the most out of the account with  Your savings Account guide.
    Entire balance (standard rate)ᴥ 0.05%p.a.
    Portion of the balance below $50,000ᴥ 4.95%p.a.
    Portion of the balance between $50,000 - $100,000ᴥ 4.95%p.a.
    Portion of the balance between $100,000 - $250,000ᴥ 4.95%p.a.
    Portion of the balance $250,000 and aboveᴥ 4.95%p.a.
    Free Everyday Transactions^^ You will receive two free 'Everyday Transactions' each month.
    Interest Calculated Daily
    Interest Credited On the last day of each calendar month
    Account Keeping Fee Nil
    Branch Withdrawal Fee $3.00
    eftpos Fee Nil
    Newcastle Permanent ATM Enquiry Fee Nil
    Newcastle Permanent ATM Withdrawal Fee Nil

Because they can see, track and record all of the transactional history, they also understand how hard money is to make and how quickly it can go.
- Karen, Central Coast.

Save smart and get a head start

Interest rates effective as of 09/05/2024 and are subject to change without prior notice.
ᴥ Standard interest is earned on your Smart Saver Account each month that it maintains a positive balance. Bonus interest is paid on each portion of your balance within each strata (tier). This means that different rates of interest apply to different parts of your account balance. To qualify for bonus interest, your closing balance must be higher than the opening balance (excluding any interest earned) and you must not have made more than two withdrawals during the calendar month. All account holders must be under 25 years of age as at the last day of that month to be eligible for a Smart Saver Under 25’s.
^^For more information about ‘Everyday Transactions’, refer to the product schedule.

Our BSB 650 000

©Newcastle Permanent, part of Newcastle Greater Mutual Group Ltd
ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273

General Advice Warning: Any general advice on this website (including via webchat) has been prepared without taking into account your objectives, financial situation or needs. Therefore, before acting on the advice, you should consider its appropriateness (having regard to your personal circumstances). Before deciding to acquire a financial product from us, you should also consider the relevant Terms and Conditions or Product Disclosure Statement.

 
Acknowledgement of Country

We acknowledge the Traditional Custodians of the lands, waterways and skies across Australia. We pay our respects to Elders past, present and emerging.

First nations peoples are respectfully advised this website may contain images, names or stories of people who have passed away. Read our Reconciliation Action Plan here.

Authenticity, is an artwork commissioned by Newcastle Permanent created by Wiradjuri woman and artist Maree Bisby.