Smart Saver Account (under 25)
This at-call savings account is designed to help members under 25 reach their savings goals.
- Base rate
- 0.05%
- Bonus rate
- 5.7%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Standard interest is earned every calendar month that your smart saver account has maintained a positive balance. The standard variable rate applies to your entire balance, regardless of if the bonus conditions are met. | 0.05% | Entire Balance | monthly |
| Bonus To qualify for bonus interest, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure. · To qualify for bonus interest, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure. | 4.95% | $50000 - $100000 | monthly |
| Bonus To qualify for bonus interest, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure. · To qualify for bonus interest, you must grow your balance by any amount (excluding interest earned) from the first to the last day of the month and make no more than 2 withdrawals within the calendar month. If an account is closed, no bonus interest will be payable for the month of closure. | 4.95% | $100000 - $250000 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Financial Institution Cheque Replacement Capped at $0.00 | Replacement | $15.00 |
| Real Time Gross Settlements (RTGS) - Inward Third party financial institution fee Capped at $0.00 · Unascertainable | Deposit | Variable |
| Real Time Gross Settlements (RTGS) - Inward NPBS fee Capped at $0.00 | Deposit | $12.00 |
| Real Time Gross Settlements (RTGS) - Outward NPBS fee Capped at $0.00 | Withdrawal | $30.00 |
| Financial Institution Cheque | Withdrawal | $10.00 |
| Document and Miscellaneous Service Capped at $0.00 · $60/hour (min $10/copy) | Enquiry | Variable |
| Card Replacement Overseas Capped at $0.00 | Replacement | $100.00 |
Features
- Real-time payments (NPP)
- OSKO
- Free transactions — 2
- 2 free branch withdrawals per month.
- Unlimited transactions
- Unlimited free BPay, Visa Debit card purchase (when pressing the credit button), eftpos, Automatic transfers, and Internet banking transactions (branch transactions not included). Subject to amount limits
- PayID
- OSKO
- Digital banking
- Internet Banking and Mobile Banking
- Bill payment (BPAY) — BPAY View
- Card access — Visa Debit Card
- Visa Debit Cards are only available for accounts opened pre-1 May 2024.
Eligibility
- Maximum age — 24 yearsCustomers must be under 25 to qualify for this product
- Residency status — Available to permanent Australian Residents
- Individuals onlyThis account is for personal use by individuals
More Information
Published by Newcastle Permanent Building Society under the Consumer Data Right · Last updated 24 June 2026 · Product ID AC_smartsaveryouth · View on CDR.gov.au