BankMate

Savings account · Up to 24 years

Newcastle Permanent Smart Saver Account (under 25)

6.00%p.a. total

0.05% base + 5.95% bonus when the conditions are met

1st of 151 savings accounts · market average 4.37%

Go to Newcastle PermanentCompare with another accountCompare with Newcastle Permanent's term deposit

The RBA raised the cash rate to 4.60% on 30 September. Smart Saver Account (under 25) moved on 9 October, 9 days later.

What the bonus asks

2 things each month
Each month
  1. A balance that ends the month higher than it started
  2. At most 2 withdrawals
A month without them

Pays the 0.05% base rate on the whole balance.

Who can open it

Anyone under 25

Balance

The bonus is paid on balances up to $50,000.

Compare all 151 accounts

Rate history

Last change 9 Oct
  • Smart Saver Account (under 25)
  • RBA cash rate
  • Market average
4.005.006.00AprJunAugOctToday6.00% p.a. today

October 20261 change

  1. 9Fri
    • 5.75 → 6.00Bonus rate 5.70% → 5.95% · 9 days after the RBA rise to 4.60%
      +0.25

May 20261 change

  1. 15Fri
    • 5.50 → 5.75Bonus rate 5.45% → 5.70% · 9 days after the RBA rise to 4.35%
      +0.25

March 20261 change

  1. 27Fri
    • 5.25 → 5.50Bonus rate 5.20% → 5.45% · 9 days after the RBA rise to 4.10%
      +0.25

  1. #1MarMar 2026: ranked 1 of 64
  2. #1AprApr 2026: ranked 1 of 76
  3. #1MayMay 2026: ranked 1 of 79
  4. #1JunJune 2026: ranked 1 of 79
  5. #1JulJuly 2026: ranked 1 of 80
  6. #1AugAug 2026: ranked 1 of 80
  7. #2SepSep 2026: ranked 2 of 120
  8. #1OctOct 2026: ranked 1 of 150
  9. #1NowNov 2026: ranked 1 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 5% for every one of the last 9 months.

A year meeting the conditions
$3,000
A year without meeting the conditions
$25
Against the average (4.37%)
+$816

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $50k6.00%
$50k – $250k5.25%
$250k+5.00%

Smart Saver for under 25s. Bonus interest is paid for any month in which the balance grows by any amount (excluding interest) from the first to the last day of the month and no more than 2 withdrawals are made. Every account holder must be under 25 on the first day of the month.

Notes from savers

to leave a note.

Other Newcastle Permanent accounts: Smart Saver Account 5.00%

Pays 6.00% p.a. total (0.05% base plus 5.95% bonus) as of 1 November 2026. Ranks 1st of 151 savings accounts tracked by BankMate, 1.63 points above the average of 4.37%. The rate last rose on 9 October 2026, 9 days after the RBA raised the cash rate to 4.60%. From Newcastle Permanent's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·