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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% 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% 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: 26 March 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% 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 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. 

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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

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 29 March 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: 0.00% p.a.

Balances from $0: 4.50% p.a.

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

Fees

$0.00

n/a

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

$0.00

Newcastle Permanent

$0.00

$0.00

$3.00

$0.00

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

yes

$1,000.00

no

no

yes

yes

no

no

yes

yes

no

none

none

none

Details

Rates and fees information correct as at 29 March 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: 0.00% p.a.

Balances from $0: 5.00% p.a.

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

Fees

$0.00

n/a

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

$0.00

Newcastle Permanent

$0.00

$0.00

$3.00

$0.00

$0.00

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

yes

$1,000.00

no

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

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Latest reviews of Newcastle Permanent Smart Saver Savings Account

About Newcastle Permanent

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Macquarie

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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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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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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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Reward Saver

5.25% p.a. (for $0 to $100,000)

0.30% p.a.(for $0 and over)

Yes up to $250,000

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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

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ubank

Save Account

5.10% p.a. (for $0 to $250,000)

0.10% p.a.(for $0 and over)

Yes up to $250,000

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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

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Unity Bank

MoneyMAX

No Current Offer

4.75% p.a.(for $1 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)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

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)

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ubank

Save Account

5.10% p.a. (for $0 to $250,000)

Yes up to $250,000

0.10% p.a.(for $0 and over)

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AMP Bank

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)

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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)

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Bankwest

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)

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Unity Bank

MoneyMAX

No Current Offer

Yes up to $250,000

4.75% p.a.(for $1 and over)

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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)

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