Newcastle Permanent Savings Accounts

Newcastle Permanent is a provider of savings accounts, as well as other banking solutions such as loans, insurance, term deposits and credit cards.

Compare Newcastle Permanent savings accounts 

Considering a savings account from Newcastle Permanent? The table below displays a snapshot of Newcastle Permanent savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver profile in NSW with $10,000 in current savings.

To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here. Or you can search our database for a savings account to suit your needs.

Compare Savings Accounts

What savings accounts does Newcastle Permanent offer?

Newcastle Permanent offers the following savings accounts at the time of writing:

Smart Saver Account

A savings account that rewards disciplined savers. Interest is paid to those who increase their account balance by at least $150 each month and make no more than two withdrawals.

Online Savings Account

An online account for Newcastle Permanent customers with an Everyday Account, home loan, or credit facility with Newcastle Permanent. The account offers an introductory bonus interest rate offer.

Under 25s Smart Saver Account

Designed to encourage saving, this account rewards those under 25s who grow their balance by jat least $10 each month and make no more than 2 withdrawals. 

Special Monthly Interest Account

A flexible, everyday account specially designed for pensioners, retirees and over 55s.

You can view the current interest rates on Newcastle Permanent savings accounts in our comparison tables.

Do Newcastle Permanent savings accounts require a linked transaction account?

Some Newcastle Permanent savings accounts require a linked Newcastle Permanent transaction account. Check their website for specific product details. 

You can compare transaction accounts with Canstar to potentially find one that suits your requirements.

Compare Transaction Accounts

Does Newcastle Permanent charge fees on its savings accounts?

Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. Newcastle Permanent charges the following fees on its savings account at the time of writing:

  • $2.50 Branch withdrawal fee
  • $0.60 eftpos fee

Other fees may also apply. For more information on fees and how they apply, please check the Product Disclosure Statement (PDS).

What does Newcastle Permanent offer in terms of mobile banking for savings accounts?

Newcastle Permanent offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of Newcastle Permanent’s mobile banking include:

  • Make almost instant ‘Osko’ payments to any other participating Australian financial institution.
  • Create and manage profiles so more than one person can use the same device.
  • Manage devices that you have registered to use the app.

How to apply for a Newcastle Permanent savings account

Before applying for a Newcastle Permanent savings account, consider comparing it against other savings accounts on the market to ensure it is the right one for you. You can then apply for a Newcastle Permanent savings account online, provided you have the correct documentation:

  • At least one form of ID, such as your driver’s license or passport
  • Accurate personal information, such as your name, date of birth, address, email address and phone number
  • Australian Tax File Number

Once your account is opened, Newcastle Permanent may require you to transfer in a minimum amount before your account can be activated – check the PDS document for more information on how much you might need to deposit.

Related article: How to change bank accounts

Eligibility requirements

Before applying for a Newcastle Permanent savings account, you may also have to meet the eligibility requirements. For example, you must be:

  • An Australian permanent resident
  • 18 years or older

What other banking products does Newcastle Permanent provide?

Newcastle Permanent provides several other products to consumers, including:

  • Loans
  • Insurance
  • Term Deposits
  • Credit Cards

About Newcastle Permanent

Newcastle Permanent is a customer-owned financial institution that was established in 1903. With 59 branches across regional NSW and more than 320,000 customers, Newcastle Permanent claims to be one of the largest building societies in Australia.


Written by: Maddie Clarey | Last updated: August 27, 2018