Choose the version of this product that suits you best
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Smart Saver Account |
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Smart Saver Youth Account (under 25) |
With a special interest rate of 4.50%, the Newcastle Permanent Smart Saver Account can be a good tool to have when trying to reach your savings goals. 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.
The Newcastle Permanent Smart Saver Account offers a special interest rate of 4.50% as long as you grow the balance of the account each month and make no more than 2 withdrawals, otherwise you’ll receive only 0.05%.
If you're under 25 it's an even sweeter deal - you’ll need to grow your balance by any amount and make no more than two withdrawals each month, to score a 5.00% special interest rate.
Unlike many other online savers you’ll be given the flexibility of making up to two withdrawals each month. Just make sure you stay under two though, because you won’t receive the bonus 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.
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 interest rate.
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Balances from $0: 0.05% p.a. |
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Balances from $0: 4.50% p.a. |
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Increase account balance by any amount (excluding interest) and make no more than two withdrawals in the month |
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$0.00 |
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n/a |
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2 free counter withdrawals. Free internet banking, BPay and counter deposits. |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$3.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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yes |
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no |
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no |
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yes |
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yes |
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no |
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none |
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none |
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none |
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Balances from $0: 0.05% p.a. |
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Balances from $0: 5.00% p.a. |
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Increase account balance by any amount (excluding interest) and make no more than two withdrawals in the month |
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$0.00 |
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n/a |
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2 free counter withdrawals. Free internet banking, BPay and counter deposits. |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$3.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$0.00 |
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$0.00 |
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Monthly |
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no |
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n/a |
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no |
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no |
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no |
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yes |
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no |
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no |
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yes |
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yes |
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no |
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Account for customers under 25 years of age and automatically rolls to the standard Smart Saver after the owner turns 25. |
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none |
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Under 25 |
I only use Newcastle permanent for savings accounts, but I've found it so easy to open and manage my account. I don't like making phone calls so I was glad to not have to call anyone to open an account, and they provide great interest rates.
Read full reviewI only use Newcastle permanent for savings accounts, but I've found it so easy to open and manage my account. I don't like making phone calls so I was glad to not have to call anyone to open an account, and they provide great interest rates.
Because all so nice and friendly.
Read full reviewBecause all so nice and friendly.
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.
Read full reviewPros - 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.
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
0% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
2.00% p.a.(for $0 to $250,000)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
2.00% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.35% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Reward Saver Account
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
0% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
High Interest Savings Account
5.75% p.a. (for $0 to $250,001)
Yes up to $250,000
4.40% p.a.(for $0 to $250,001)
Savings+Bonus
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
2.00% p.a.(for $0 to $250,000)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
2.00% p.a.(for $0 and over)
Savings Accelerator
3.35% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
Reward Saver Account
0% p.a.(for $0 and over)
5.25% p.a. (for $0 to $1,000,000)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000