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.
- Base rate
- 1.8%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Credit 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 calendar month. | 1.8% | $250000 plus | monthly |
| Variable Credit 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 calendar month. | 1.4% | $10000 - $49999 | monthly |
| Variable Credit 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 calendar month. | 0.01% | Up to $9999 | monthly |
| Variable Credit 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 calendar month. | 1.8% | $50000 - $249999 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Foreign Currency Conversion Capped at $0.00 | Purchase | 3% of transaction |
| Real Time Gross Settlements (RTGS) - Outward NPBS fee Capped at $0.00 | Withdrawal | $30.00 |
| Document and Miscellaneous Service Capped at $0.00 · $60/hour (min $10/copy). | Enquiry | Variable |
| Real Time Gross Settlements (RTGS) - Outward Third party financial institution fee Capped at $0.00 · Unascertainable | Withdrawal | Variable |
| Visa Cash Advance Capped at $0.00 | Cash advance | $5.00 |
| Financial Institution Cheque Replacement Capped at $0.00 | Replacement | $15.00 |
| Dishonour (Direct Debit and Cheque) Capped at $0.00 | Dishonour | $9.00 |
Features
- Bill payment (BPAY) — BPAY View
- Digital banking
- Internet Banking and Mobile Banking
- Real-time payments (NPP)
- OSKO
- Free transactions — 6
- 6 free branch transactions per month. Additional free transactions may apply (up to a maximum of 30 per month), based on account balance and/or automatic transfers in place.
- 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 wallet
Eligibility
- Residency status — Available to permanent Australian Residents
- Must be 55 years of age or over; receiving an eligible government pension; or a Member of the Association of Independent Retirees.
- 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_specialmonthlyinterest · View on CDR.gov.au · View Source Data (JSON)