Newcastle Permanent Smart Saver Account (Under 25)
savings accountage limited
Smart Saver Account (Under 25) is a savings account from Newcastle Permanent. At $50,000 it pays 6.25% p.a. in a month in which the bank's conditions, which its feed does not state, are met and 0.05% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0 – $49,999.99 | 0.05% | 6.20% | 6.25% |
| $50,000.01 – $249,999.99 | 0.05% | 5.45% | 5.50% |
| $250,000.01+ | 0.05% | 5.20% | 5.25% |
Some rows are paid on the whole balance and some, marked stepped, on the part of the balance in the band, as the feed states them.
The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.
The bonus rate changes with the balance; the bands above show what the feed states for each.
Conditions
For the bonus rate
- bonus conditions not stated in the feed
Features
- card
- Visa Debit Card
- app
- yes
- Osko
- yes
- PayID
- yes
- BPAY
- yes
- transactions
- unlimited
- wallets
- Apple Pay, Google Pay
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- other fees named
- Document and Miscellaneous Service, Foreign Currency Conversion, Real Time Gross Settlements (RTGS) - Inward Third party financial institution fee, Real Time Gross Settlements (RTGS) - Outward Third party financial institution fee (no amount in the feed)
- interest paid
- monthly
- interest calculated
- daily
- age
- up to age 24
- open to
- personal customers
- age limited
- open only to people of certain ages (kids, youth or seniors accounts)
Who can open it, in the bank's own words:
- age 24 and under: Customers must be under 25 to qualify for this product
- residency: Available to permanent Australian Residents
About this account
This at-call savings account is designed to help members under 25 reach their savings goals.
Data
- Newcastle Permanent's own page for this account.
- The bank's documents its product record links to: terms and conditions, fees, eligibility.
- Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
/au/finance/savings-accounts/v1/brands/newcastle-permanent.json: this bank's accounts and every balance band as JSON; Newcastle Permanent's page lists them.- The bank last updated this record on 13 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at Newcastle Permanent
- Online Savings Account (Including Intro) savings account, 1.00% base at $50,000
- Smart Saver Account savings account, 5.60% conditional at $50,000
- Business Cash Management Account cash management account, 1.12% base at $50,000
- Business Cheque Accountstale transaction account, 0.00% base at $50,000
- Club Accountstale transaction account, 0.00% base at $50,000
- Everyday Accountstale transaction account, 0.01% base at $50,000
- Special Monthly Interest transaction account, 1.60% base at $50,000
All of Newcastle Permanent's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
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