Newcastle Smart Saver Account (under 25) Summary
Description
This at-call savings account is designed to help members under 25 reach their savings goals.
Benefits
- No monthly savings-account fee.
Hoops
- Available up to age 24.
- For bonus interest, grow the balance by at least $0.01 each month. Check the full requirements below.
- No more than 2 withdrawals each month to retain bonus interest.
- Ongoing rate cap: $50,000. See the rate breakdown for higher balances.
On this page
Details
Key details
| Product name | Newcastle Smart Saver Account (under 25) |
|---|---|
| Maximum variable rate | 6.00% p.a. |
| Ongoing interest rate | 6.00% p.a. |
| Base interest rate | 0.05% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.05% |
|---|---|
| Ongoing | 6.00% |
| Ongoing cap | $50K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 0 |
| Dep $/mth | - |
| Growth/mth | $0.01 |
| Buys/mth | 0 |
| Txns/mth | - |
| W/d/mth | 2 |
| Min age | - |
| Max age | 24 |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.05% p.a., before bonus interest.
- Ongoing: 6.00% p.a. when bonus conditions are met. Up to $50k.
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.05% | Whole balance | All balances |
| Ongoing total, conditions met | 6.00% | This band only | First $50k |
| Ongoing total, conditions met | 5.25% | This band only | Over $50k to $250k |
| Ongoing total, conditions met | 5.00% | This band only | Over $250k |
Source: noren.com.au
Share/Export
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Requirements
- Grow the balance by any amount from the first to last calendar day, excluding interest, and make no more than two withdrawals. The base rate applies without bonus qualification.
- 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.
- Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Newcastle.
- This account is for personal use by individuals
- Customers must be under 25 to qualify for this product
- Available to permanent Australian Residents
- Personal savings use only. Under-25 product requires every joint holder to remain under 25, it converts the month after the oldest holder turns 25. Parent/guardian opening is available for under-14s.
More from Newcastle
Similar products
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.