Savings account
Smart Saver Account
Current savings rate from Newcastle Permanent. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.
Where account balance falls into this band, rate applies to a portion of the balance. Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least higher by any amount than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month.
What to know
This page focuses on the ongoing rate: 4.50% p.a. That is the rate after any honeymoon period ends.
To earn the full rate, you need to meet these conditions: Where account balance falls into this band, rate applies to a portion of the balance. Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least higher by any amount than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month.
If you miss the conditions in a given month, you earn only the base rate: 0.05% p.a.
Eligibility: minimum age 25 .