HomeSavings AccountsNewcastle PermanentSmart Saver Account for Youth

Newcastle Permanent Smart Saver Account for Youth

The Newcastle Permanent Smart Saver for Youth high interest savings account offers rates up to 4.50% p.a.


Updated 28 August 2025


Fact checked and verified. Updated 28 August 2025
Interest Rates
$0 to $49,999(% p.a.)
Rate Type
Interest

Base variable interest rate

0.05%

Bonus variable interest rate when conditions are met

4.45%

Total variable interest rate including maximum bonus*

4.50%

$50,000 to $249,999(% p.a.)
Rate Type
Interest

Base variable interest rate

0.05%

Bonus variable interest rate when conditions are met

4.20%

Total variable interest rate including maximum bonus*

4.25%

$250,000+(% p.a.)
Rate Type
Interest

Base variable interest rate

0.05%

Bonus variable interest rate when conditions are met

3.95%

Total variable interest rate including maximum bonus*

4.00%

Once your account reaches a given balance tier, the interest rate for that tier will apply to the whole balance.
Product Details
This at-call savings account is designed to help members under 25 reach their savings goals."
- Newcastle Permanent
Fees

•

No monthly account fee

•

Other fees and charges may apply

Features

•

For anyone aged 24 and under

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Newcastle Permanent website.

More information
Terms & Conditions, eligibility critera, fees and charges may apply.

* The maximum variable interest rate is inclusive of any applicable introductory or bonus rates which may apply.
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