Newcastle Permanent logo

Newcastle Permanent Term Deposit

Advertiser disclosure
Best rate (up to 1 year)
4.60% p.a.6 months ($1,000 to $)
Minimum Deposit
$1,000.00
Interest paid to another bank?
yes

Mozo editorial review Newcastle Permanent Term Deposit - last updated: 19 February 2024

binocular icon
What's hot
  • Earn 4.50% on an 1 year term
  • Option to have interest paid to another bank
What's not
  • Automatic rollover
Mozo snapshot

If you’re serious about saving and need a place to stash your cash, then look no further than the Newcastle Permanent Term Deposit. Whether you’re looking to lock away for savings for five months or five years, this term deposit is filled with a range of options that can suit your savings goals. And for added flexibility, you'll even be able to have your interest paid to another bank! 


key icon
Key features

On the hunt for a term deposit that’s fuss-free and flexible? Then the Newcastle Permanent Term Deposit could be just what you’re looking for. This product features terms from as short as one month to as long as five years, so you’re bound to find a term that’s right for you. 

You’ll be able to earn up to 4.50% in interest on an 1 year term, or if you’re thinking of investing your funds for a little longer, you could earn 4.00% on a two year term. There are no fees to worry about and you’ll have the ability to have your interest paid to another bank via a direct credit. 

To open a term deposit with Newcastle Permanent, you’ll only need a $1,000 deposit, plus there’s no maximum deposit limit either, so you’ll be able to invest as much as you’d like.  

Just keep in mind that this term deposit does come with automatic rollover, so you will need to decide what you’d like to do with your funds before the term reaches maturity. If you are thinking of rolling over your term, just be sure your rate is still competitive by comparing other term deposit options. 


snapshot
Who is it good for

With a range of terms and interest rates, the Newcastle Permanent Term Deposit could be a great pick for savers looking to invest their funds with a customer-owned bank. 


question icon
Any catches

The Newcastle Permanent Term Deposit features an automatic rollover, which means once your investment reaches its maturity date, it will automatically be rolled over onto a new term. So unless you want to continue with your investment, you’ll need to withdraw the funds beforehand. Also, just keep in mind that if you withdraw your funds early, your interest rate will drop to 0.01% p.a.


Details

Rates and fees information correct as at 30 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

1.00% p.a. ($1,000+)

1.00% p.a. ($1,000+)

3.50% p.a. ($1,000+)

3.50% p.a. ($1,000+)

3.50% p.a. ($1,000+)

4.60% p.a. ($1,000+)

3.80% p.a. ($1,000+)

3.80% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.50% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.00% p.a. ($1,000+)

4.00% p.a. ($1,000+)

Other financial bits

$1,000.00

none

Features

yes

yes

none

none

Different interest rates apply to different amounts or different interest payment frequencies.

Customer Reviews

This product does not currently have any community reviews. Be the first to write one.

About Newcastle Permanent

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Judo Bank
Judo Bank

Term Deposit

5.10% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

Term Deposit

4.75% p.a.

$1,000.00

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

Term Deposit

4.80% p.a.

$5,000.00

Yes up to $250,000

Compare other business term deposits