Newcastle Online Savings Account (including Intro) Summary
Description
This high interest at-call savings account is designed to offer maximum flexibility with no monthly account or transaction fees.
Benefits
- Introductory rate of 5.25% p.a. for 3 months for eligible customers.
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
More benefits
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- The introductory offer is temporary, lasting 3 months. The ongoing rate then applies.
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Details
Key details
| Product name | Newcastle Online Savings Account (including Intro) |
|---|---|
| Maximum variable rate | 5.25% p.a. (Introductory, first 3 months) |
| Ongoing interest rate | 1.00% p.a. |
| Base interest rate | 1.00% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 1.00% |
|---|---|
| Ongoing | 1.00% |
| Ongoing cap | No cap |
| Intro | 5.25% |
| Intro cap | No cap |
| Intro period | 3 mths |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 1.00% p.a..
- Introductory: 5.25% p.a. for 3 months for eligible customers. No upper cap.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 1.00% | Whole balance | All balances |
| Introductory total, first 3 months | 5.25% | Whole balance | All balances |
Source: noren.com.au
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Requirements
- Provider fee review 29 October 2026: this savings account has no monthly account-keeping fee. This does not waive transaction, statement, special-service or separately linked-account charges, their published conditions still apply.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Newcastle.
- Available to permanent Australian Residents
- All account owners have an Everyday Account or a Home Loan or a Credit Facility with Newcastle Permanent
- This account is for personal use by individuals (no age restrictions apply) including for Trusts and Self-Managed Superannuation Funds (SMSF) with personal trustees.
- Parent/guardian opening is available for children under 14. Source age is unspecified rather than a universal minimum of 14.
Introductory eligibility
- All account owners must hold an Everyday Account, Home Loan or Credit Facility and must not have been eligible for an Online Savings introductory rate in the preceding six months. Three months from opening, fixed introductory margin, variable base.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected and verified on 31 Oct 2026.