Newcastle Permanent
Special Monthly Interest
A flexible everyday account specially designed for pensioners and retirees offering the peace of mind knowing their retirement savings or pension income is working hard and earning interest.
Savings & transaction accountsBank updated 1 Sept 2026
At a glance
- Base rate
- 0.01%
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableCredit interest you earn is worked out as strata interest at the annual rate divided by 365 on the portion of the balance within each strata. It is paid to the account on the last day of each calenda… | — | — | up to $10,000 | 0.01% | — | paid every 1 mo |
| VariableCredit interest you earn is worked out as strata interest at the annual rate divided by 365 on the portion of the balance within each strata. It is paid to the account on the last day of each calenda… | — | — | $10,000–$50,000 | 1.40% | — | paid every 1 mo |
| VariableCredit interest you earn is worked out as strata interest at the annual rate divided by 365 on the portion of the balance within each strata. It is paid to the account on the last day of each calenda… | — | — | $250,000+ | 1.80% | — | paid every 1 mo |
| VariableCredit interest you earn is worked out as strata interest at the annual rate divided by 365 on the portion of the balance within each strata. It is paid to the account on the last day of each calenda… | — | — | $50,000–$250,000 | 1.80% | — | paid every 1 mo |
§ 02 — Fees · 14
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Visa Cash Advance Fee | Cash advance | $5 | — | — |
| Cheque Clearance | Deposit | $0.50 | — | — |
| Real Time Gross Settlements (RTGS) - Inward NPBS fee | Deposit | $12 | — | — |
| Real Time Gross Settlements (RTGS) - Inward Third party financial institution fee | Deposit | Varies | — | Unascertainable |
| Dishonour (Direct Debit and Cheque) | Dishonour | $9 | — | — |
| Document and Miscellaneous Service | Enquiry | Varies | — | $60/hour (min $10/copy). |
| Account Overdrawn | Event | $5 | — | — |
| Foreign Currency Conversion | Purchase | 3.00% of transaction | — | — |
| Card Replacement Overseas | Replacement | $100 | — | — |
| Financial Institution Cheque Replacement | Replacement | $15 | — | — |
| Branch Withdrawal | Withdrawal | $3 | — | 6 free Branch Withdrawals per month. Can qualify for additional free transactions (up to 30) as per the product schedule. |
| Financial Institution Cheque Fee | Withdrawal | $10 | — | 2 free per month, $10 after that |
| Real Time Gross Settlements (RTGS) - Outward Third party financial institution fee | Withdrawal | Varies | — | Unascertainable |
| Real Time Gross Settlements (RTGS) | Withdrawal | $30 | — | When you send an RTGS |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsApple PayGoogle Pay
- · Cheque book available (must be 18+).
§ 04 — Eligibility & limits
- · Residency: Available to permanent Australian Residents
- · Available to individuals
- · Must be 55 years of age or over; receiving an eligible government pension; or a Member of the Association of Independent Retirees.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Newcastle Permanent Building Society under the Consumer Data Right, last changed by them on 1 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.