Pros - They will tell you if they have another product that would better suit your needs, great customer service, they have a large variety of products including insurance, great online banking and easy to use, have been with them for approx 40 years, no hidden fees or charges. Cons - Branches are only in the Newcastle area, some accounts do not gain interest if there have been any withdrawals that month, limited number of cheques before you have to pay for them.
Newcastle Permanent have the most local branches and are open on Saturdays. Their staff are always friendly and helpful. Their home loan rates are not the best though.
Newcastle Permanent is a building society instituted for the people of Newcastle and the Hunter Valley. They have continued to put Novocastrians and Hunter Valley communities first. Their staff are very much aware of the needs of their clients and offer great advice when opening new accounts or taking out loans. Having been with them for 46 years, I would not bank with any other institution.
Newcastle Permanent is the best banking facility around. They are all friendly, will do anything for you. They deserve to win anything going to show how much they are appreciated by their family of investors. Simply the best.
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From 1 Feb 2022, minimum deposit of at least $250 in the previous month.
Bonus rate of 1.20%. Deposit $2,000 each month and make 5 eligible payments from your Go Account. If you are between 18 and 25 deposit $1,000.
Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.
Make at least 1 deposit and no more than 1 withdrawal, including internal transfers or external payments.
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