Savings Account interest rates

Smart Saver Account
Entire balance (standard rate)∞ 0.05%p.a.
Portion of the balance below $50,000∞ 4.45%p.a.
Portion of the balance between $50,000 - $100,000∞ 4.45%p.a.
Portion of the balance between $100,000 - $250,000∞ 4.45%p.a.
Portion of the balance $250,000 and above∞ 4.45%p.a.
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.
Interest rates effective as of 22/11/2024 and are subject to change without prior notice.
∞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.
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 first day of that month to be eligible for a Smart Saver Under 25’s.

Online Savings Account
Entire Balance (Standard Rate) 1.00%p.a.
Introductory Bonus Rate# 4.20%p.a.
Entire Balance (including Introductory Bonus Rate Offer#) 5.20%p.a.
Interest rates effective as of 22/11/2024 and are subject to change without prior notice.
#The Online Savings Account Standard Rate is variable and subject to change without prior notice; however, the Introductory Bonus Rate offer is a fixed rate that won’t change during the period it applies to your account. The Introductory Bonus Rate applies for the first 3 months after the account is opened, on top of the Standard Rate. At the end of the 3-month Introductory Bonus Rate period only the Standard Rate will continue to apply. The Introductory Bonus Rate is available on a new Online Savings Account if you and all other account owners have not been eligible to receive the Introductory Bonus Rate on any other Online Savings Account in the previous 6-months. To be eligible to receive any interest inclusive of the Introductory Bonus Rate or Standard Rate, all account owners must hold an Everyday Account, Home Loan or a Credit Facility with Newcastle Permanent.
20% p.a. interest rate is payable by account holder on any overdrawn amount.
For further information regarding interest and products generally, please review the applicable Terms and Conditions.
You should consider the Terms and Conditions in deciding whether to acquire, or to continue to hold these products. Fees and charges may apply.

©2023 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.