Newcastle Permanent Smart Saver

The details shown below are for the Smart Saver Account

The details shown below are for the Smart Saver Account (under 25)

Choose the version of this loan that suits you best

  • Smart Saver Account

  • Smart Saver Account (under 25)

0% p.a.(for $0 and over)

2.40% p.a. (for $0 and over)

Newcastle Permanent Smart Saver

0% p.a.(for $0 and over)

2.40% p.a. (for $0 and over)

0% p.a.(for $0 and over)

3.00% p.a. (for $0 and over)

Newcastle Permanent Smart Saver

0% p.a.(for $0 and over)

3.00% p.a. (for $0 and over)

Mozo Review   Newcastle Permanent Smart Saver Review

Last updated: 21 February 2019.

What's hot:
  • 2.40% special interest rate

  • 2019 Mozo Experts Choice Award

  • Two free withdrawals per month

  • No monthly account fees

What's not:
  • 0% interest rate if conditions aren’t met

Mozo snapshot:

With one of the highest special interest rates on the market at 2.40%, the Newcastle Permanent Smart Saver Account will help you reach your savings goal as quickly as possible. Throw in zero monthly account fees and free internet banking and you’ve got a savings account that will give accounts from competitor banks a run for their money.

It certainly impressed the Mozo judges, with the Smart Saver Account (for under 25's) taking out a 2019 Mozo Experts Choice Award in the Pocket Money Regular Saver category.  

Key features:

The Newcastle Permanent Smart Saver Account offers a high special interest rate of 2.4% which will be perfect for earning you as much interest as possible. To earn the special rate you’ll need to grow the balance of the account by at least $150 a month, or if you’re under the age of 25 you’ll need to grow it by just $10 a month, otherwise you’ll receive no interest at all.

Unlike many other online savers you’ll be given the flexibility of making up to two withdrawals each month. Just make you stay under two though, because you won’t receive the 2.4% interest rate if you exceed that.

With no monthly account keeping costs and free internet banking you also won’t have to worry about fees eating away at your interest.

You’ll also receive a Newcastle Permanent Visa Debit card to use with your account so you’ll be able to tap and go using Visa payWave and be protected under Visa’s Zero Liability policy. However, account holders must be over the age of 16 to apply for the card. 

Who it's good for:

The Newcastle Permanent Smart Saver Account is good for savers young and old who are able to increase their account balance each month in order to reach the special 2.4% interest rate.

Any catches?

As with most savings accounts, the Smart Saver isn’t made for ATM withdrawals, as a $0.60 ATM fee applies for cash withdrawals within the Newcastle Permanent ATM network.

Details

Rates and fees information correct as at 20 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • Balances from $0: 2.40% p.a.

  • Increase account balance by $150 (excluding interest) and no more than two withdrawals in the month

Fees
  • $0.00

  • none

  • 2 free transactions from network ATM, EFTPOS, and counter withdrawals. Free internet banking, BPay, Visa Debit purchases and counter deposits.

  • $0.00

  • Newcastle Permanent

  • $0.00

  • $0.00

  • $2.50

  • $0.60

  • $0.00

  • $0.00

  • none

Other financial bits
  • $1.00

  • $0.00

  • Monthly

Features
  • yes

  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • yes

  • yes

  • no

  • none

  • none

  • none

Details

Rates and fees information correct as at 20 March 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • Balances from $0: 3.00% p.a.

  • Increase account balance by $10 (excluding interest) and no more than two withdrawals in the month

Fees
  • $0.00

  • none

  • 2 free transactions from network ATM, EFTPOS, and counter withdrawals. Free internet banking, BPay, Visa Debit purchases and counter deposits.

  • $0.00

  • Newcastle Permanent

  • $0.00

  • $0.00

  • $2.50

  • $0.60

  • $0.00

  • $0.00

  • none

Other financial bits
  • $1.00

  • $0.00

  • Monthly

Features
  • yes

  • $1,000.00

  • yes

  • no

  • yes

  • yes

  • no

  • no

  • yes

  • yes

  • no

  • Account for customers under 25 years of age and automatically rolls to the standard Smart Saver after the owner turns 25.

  • none

  • Under 25

Customer Reviews

How are Newcastle Permanent savings accounts rated by the Mozo community?

Overall customer rating
8.4/10
Price
7.6/10
Features
7.0/10
Customer service
8.6/10
Convenience
8.5/10
Trust
8.7/10
Newcastle Permanent

About Newcastle Permanent

Newcastle Permanent is an independent, mutual retail financial services provider which offers a genuine alternative to traditional banks. It has comprehensive range of retail banking products and services such as savings accounts, bank accounts, home loans, personal loans, credit cards, and insurance. Newcastle permanent also provides meaningful support for the communities it serves.

See Newcastle Permanent savings accounts

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$0.00

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2.50% p.a. (for $1 and over)

0.15% p.a.(for $1 and over)

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2.80% p.a. (for $0 to $250,000)

0.50% p.a.(for $0 and over)

$0.00

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HSBC

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3.10% p.a. (for $0 to $1,000,000)

0% p.a.(for $0 and over)

$0.00

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ANZ

ANZ

Progress Saver

2.40% p.a. (for $0 and over)

0.01% p.a.(for $0 and over)

$0.00

Promoted

Bank of Queensland

Bank of Queensland

Fast Track Starter Account

4.00% p.a. (for $0 to $10,000)

0.50% p.a.(for $0 and over)

$0.00

Promoted

RaboDirect

RaboDirect

High Interest Savings Account

3.05% p.a. (for $0 to $250,001)

1.80% p.a.(for $0 to $250,001)

$0.00

Promoted

Suncorp

Suncorp

Growth Saver Account

2.60% p.a. (for $0 and over)

0.20% p.a.(for $0 and over)

$0.00