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- Smart Saver Account (Under 25)
Smart Saver Account (Under 25)
- 2024 Award Winner
- Bonus interest with conditions
- Online banking
Maximum rate p.a.
5.00%*
Base rate p.a.
Not Applicable
Smart Saver Account (Under 25)
- 2024 Award Winner
- Bonus interest with conditions
- Online banking
Maximum rate p.a.
5.00%*
Base rate p.a.
Not Applicable
RateCity says
"Savers under the age of 25 can grow their nest egg and avoid ongoing fees with this award-winning savings account."
Pros and Cons
For Smart Saver Account (Under 25)
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
- Winner of Best Kids Savings Account, RateCity Gold Awards 2024
Drawbacks
Newcastle Permanent Rate Savings Account overview
For Smart Saver Account (Under 25)
Account Details
Maximum rate p.a.
5.00%*
Minimum age restrictions
Base rate p.a.
Not Applicable
Maximum age restrictions
24
Maximum rate condition
*Grow your balance by at least $10 and make no ...
Minimum opening deposit
$0
Interest calculation method
Whole Balance
Target Market Determination
Visit Newcastle Permanent to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
$0
Eftpos fee
$0
ATM withdrawal fee
$0
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$0
Over the counter withdrawal fee
$3
Other Restrictions
Interest is earned for every calendar month that your Smart Saver Account closing balance on the last day of the month is at least $10 higher than the opening balance on the first day of that month (excluding any amounts of interest earned on the account in that month) and no more than 2 withdrawals have been made from the account during that month.
