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Newcastle Permanent Smart Saver

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

Choose the version of this product that suits you best

Name
Smart Saver Account
Smart Saver Youth Account (under 25)
  • Smart Saver Account
  • Smart Saver Youth Account (under 25)
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
4.50% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000
Interest rate
0.05% p.a.(for $0 and over)
Maximum rate
5.00% p.a. (for $0 and over)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review Newcastle Permanent Smart Saver - last updated: 1 May 2024

binocular icon
What's hot
  • 4.50% p.a. special interest rate
  • Two free withdrawals per month
  • No monthly account fees
What's not
  • 0.05% interest rate if conditions aren’t met
Mozo snapshot

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.

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Key features

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.


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Who is it 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 interest rate.

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Any catches

Details

Rates and fees information correct as at 25 July 2024. 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: 0.05% p.a.

Balances from $0: 4.50% p.a.

Increase account balance by any amount (excluding interest) and make no more than two withdrawals in the month

Fees

$0.00

n/a

2 free counter withdrawals. Free internet banking, BPay and counter deposits.

n/a

n/a

n/a

$0.00

$3.00

$0.00

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

yes

no

no

yes

yes

no

none

none

none

Details

Rates and fees information correct as at 25 July 2024. 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: 0.05% p.a.

Balances from $0: 5.00% p.a.

Increase account balance by any amount (excluding interest) and make no more than two withdrawals in the month

Fees

$0.00

n/a

2 free counter withdrawals. Free internet banking, BPay and counter deposits.

n/a

n/a

n/a

$0.00

$3.00

$0.00

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

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
8.5/10
Price
7.7/10
Features
7.0/10
Customer service
8.6/10
Convenience
8.5/10
Trust
8.7/10
Based on 356 Newcastle Permanent savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Newcastle Permanent Smart Saver Savings Account

About Newcastle Permanent

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Macquarie

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

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ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

0.55% p.a.(for $0 and over)

Yes up to $250,000

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IMB Bank

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

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First Option Bank

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

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MyState Bank

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

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Rabobank

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

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Westpac

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

Thumbnail icon for ING
ING

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

Thumbnail icon for Macquarie
Macquarie

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)

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

0.55% p.a.(for $0 and over)

Thumbnail icon for IMB Bank
IMB Bank

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)

Thumbnail icon for MyState Bank
MyState Bank

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)

Thumbnail icon for Rabobank
Rabobank

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)

Thumbnail icon for First Option Bank
First Option Bank

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)

Thumbnail icon for Westpac
Westpac

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)

Thumbnail icon for ING
ING

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)

Thumbnail icon for IMB Bank
IMB Bank

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

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Auswide Bank

Ziggy Kids Saver

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

3.01% p.a. (for $0 and over)

Yes up to $250,000

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ANZ

Progress Saver

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

4.25% p.a. (for $0 and over)

Yes up to $250,000

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