Newcastle Permanent
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Newcastle Permanent is a customer-owned banking brand within Newcastle Greater Mutual Group. It offers savings and transaction accounts, term deposits, home loans and personal loans, with services available through digital banking, branches and an Australian-based customer support team. The group was formed in 2023 through the merger of Newcastle Permanent and Greater Bank, with both brands continuing to serve customers.
| Legal name | Newcastle Greater Mutual Group Ltd |
|---|---|
| ABN | 96087651992 |
| Group history | Newcastle Permanent and Greater Bank merged into NGM Group on 1 March 2023 [1] |
Savings rates
Compare allRates p.a. at a balance of $699.
| Online Savings Account (including Intro) | Visit | 1.00% | 1.00%Ongoing cap: No cap | No cap | 5.25%3 mths | No cap | 3 mths | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Smart Saver Account | Visit | 0.05% | 5.00%Ongoing cap: $50K | $50K | - | - | - | 0 | - | $0.01 | 0 | - | 2 | 25 | - | $0 | - |
| Smart Saver Account (under 25) | Visit | 0.05% | 6.00%Ongoing cap: $50K | $50K | - | - | - | 0 | - | $0.01 | 0 | - | 2 | - | 24 | $0 | - |
| Special Monthly Interest | Visit | 0.01% | 0.01%Ongoing cap: $10K | $10K | - | - | - | 0 | - | $0 | 0 | - | - | - | - | $0 | - |
Source: noren.com.au
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Savings products
Online Savings Account (including Intro)
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements. An introductory offer is available to eligible customers.
Smart Saver Account
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Smart Saver Account (under 25)
A variable-rate savings account. Bonus interest depends on meeting the account’s monthly requirements.
Special Monthly Interest
A variable-rate savings account. The reviewed ongoing rate has no monthly activity requirements.
Useful links
Similar institutions
Sources and review
- Institution background (newcastlepermanent.com.au)
- APRA ADI register (apra.gov.au)
Newcastle Permanent data reviewed . Next profile review due .