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Newcastle Permanent savings accounts

Newcastle Permanent savings accounts at a glance

As of 27 Sept 2026, Newcastle Permanent has 4 savings accounts in our dataset. The highest advertised rate is 5.75% p.a. on Smart Saver Account (under 25) (first $50,000), which requires you to finish the month with a higher balance than you started with and make no more than 2 withdrawals each month. The highest rate with no monthly conditions is 5.00% p.a. on Online Savings Account (3-month intro, then 1.00% p.a.). Rates were last verified on 27 Sept 2026 against the bank's official product pages.

Rates as of 27 Sept 2026
BankProductMax rateOngoing rateIntro offerTop rate applies toConditions
Newcastle PermanentSmart Saver Account (under 25)5.75% p.a.Up to 5.75% p.a.—First $50,000Finish the month with a higher balance than you started with. Make no more than 2 withdrawals each month.
Newcastle PermanentOnline Savings Account5.00% p.a.1.00% p.a.3-month intro 5.00% p.a.Any balanceNo monthly conditions.
Newcastle PermanentSmart Saver Account4.50% p.a.4.50% p.a.—First $50,000Grow the balance by at least $1 by month end. Make no more than 2 withdrawals each month.
Newcastle PermanentBusiness Cash Management Account0.90% p.a.Up to 0.90% p.a.—First $10,000No monthly conditions.

Smart Saver Account (under 25)

For account holders under 25.

Last updated: 20 Sept 2026

Advertised rate
Up to 5.75% p.a.
Highest tier on the portion up to $50,000
Open account
Rate details
Ongoing rate
Up to 5.75% p.a.
First $50,000
5.75% p.a.
$50,000 to $250,000 portion
5.00% p.a.
Above $250,000
4.75% p.a.
Different portions of your balance earn different rates.
How to get the best rate
  • Finish the month with a higher balance than you started with.
  • Make no more than 2 withdrawals each month.
Who can open it
  • Available up to age 24.

Online Savings Account

A no-conditions online savings account linked to a Newcastle Permanent Everyday Account.

Last updated: 20 Sept 2026

Advertised rate
3-month intro 5.00% p.a.
Then ongoing 1.00% p.a.
Open account
Rate details
3-month intro rate
5.00% p.a.
Any balance
5.00% p.a.
Ongoing rate
1.00% p.a.
Any balance
1.00% p.a.
How to get the best rate
  • No monthly conditions.
Who can open it
  • Intro offer is limited to new customers.
  • Requires a linked Everyday Account account.
  • Conditions are assessed on a calendar-month basis.
  • Interest is credited on the last day of the month.

Smart Saver Account

Newcastle Permanent's Smart Saver Account earns a 0.05% p.a. standard variable rate while the account maintains a positive balance, and currently pays a total 4.50% p.a. standard-plus-bonus rate on each balance strata when the balance grows by any amount, excluding interest, from the first to the last day of the month and no more than 2 withdrawals are made in the calendar month.

Last updated: 20 Sept 2026

Advertised rate
4.50% p.a.
Open account
Rate details
Ongoing rate
4.50% p.a.
First $50,000
4.50% p.a.
$50,000 to $100,000 portion
4.50% p.a.
$100,000 to $250,000 portion
4.50% p.a.
Above $250,000
4.50% p.a.
Different portions of your balance earn different rates.
How to get the best rate
  • Grow the balance by at least $1 by month end.
  • Make no more than 2 withdrawals each month.
Who can open it
  • Conditions are assessed on a calendar-month basis.
  • Interest is credited on the last day of the month.

Business Cash Management Account

Earn 0.90% p.a. on balances of $10,000 and over with no fixed terms or withdrawal penalties.

Last updated: 27 Sept 2026

Advertised rate
Up to 0.90% p.a.
Highest tier on the portion above $10,000
Open account
Rate details
Ongoing rate
Up to 0.90% p.a.
First $10,000
0.01% p.a.
Above $10,000
0.90% p.a.
Different portions of your balance earn different rates.
How to get the best rate
  • No monthly conditions.
Who can open it
  • Available to Australian businesses and incorporated entities.
  • Balances under $10,000 earn 0.01% p.a.; 0.90% p.a. on balances of $10,000+.

Rates, eligibility and product terms can change. Check the bank's official page before opening an account.