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 by at least $150 a month, otherwise you’ll receive no interest at all.
If you're under 25 it's an even sweeter deal - you’ll need to grow your balance by just $10 and make no more than two withdrawals each month, to score a 4.50% 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.
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.
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.
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.
Balances from $0: 0.00% p.a. |
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Balances from $0: 4.50% p.a. |
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Increase account balance by $150 (excluding interest) and no more than two withdrawals in the month |
$0.00 |
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n/a |
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2 free transactions from network ATM, and counter withdrawals. Free internet banking, BPay, Visa Debit purchases and counter deposits. |
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$0.00 |
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Newcastle Permanent |
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$0.00 |
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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 |
$0.00 |
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$0.00 |
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Monthly |
yes |
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$1,000.00 |
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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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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 |
Balances from $0: 0.00% p.a. |
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Balances from $0: 5.00% p.a. |
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Increase account balance by $10 (excluding interest) and no more than two withdrawals in the month |
$0.00 |
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n/a |
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2 free transactions from network ATM, and counter withdrawals. Free internet banking, BPay, Visa Debit purchases and counter deposits. |
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$0.00 |
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Newcastle Permanent |
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$0.00 |
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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 |
$0.00 |
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$0.00 |
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Monthly |
yes |
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$1,000.00 |
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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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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 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
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
Reward Saver
5.25% p.a. (for $0 to $100,000)
0.30% p.a.(for $0 and over)
Yes up to $250,000
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
1.20% p.a.(for $0 to $5,000,000)
Yes up to $250,000
Save Account
5.10% p.a. (for $0 to $250,000)
0.10% p.a.(for $0 and over)
Yes up to $250,000
Hero Saver
4.60% p.a. (for $0 to $250,001)
1.00% p.a.(for $0 to $5,000,001)
Yes up to $250,000
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 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)
Save Account
5.10% p.a. (for $0 to $250,000)
Yes up to $250,000
0.10% p.a.(for $0 and over)
AMP Saver Account
5.40% p.a. (for $0 to $250,000)
Yes up to $250,000
1.20% p.a.(for $0 to $5,000,000)
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)
Hero Saver
4.60% p.a. (for $0 to $250,001)
Yes up to $250,000
1.00% p.a.(for $0 to $5,000,001)
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)