Finding the best rates…
Bank One
Best available
Up to 5.25% p.a.
Line-up
1 live product
Compare Newcastle Permanent and Westpac savings accounts side by side. In March 2026, Newcastle Permanent offers 1 account with rates up to 5.25% p.a., while Westpac has 4 accounts reaching 5.25% p.a.
1 live product
Best available rate
Smart Saver Account (Under 25)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.05%
Bonus
5.20%
Conditions
Bonus rules apply
4 live products
Best available rate
Westpac Life (Under 35)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.15%
Conditions
Bonus rules apply
Live edge
Newcastle Permanent and Westpac are level on headline savings rate. Base rate and bonus conditions will decide the better real-world option.
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Newcastle Permanent | Westpac |
|---|---|---|
| Max rate | 5.25% | 5.25% |
| Base rate | 0.05% | 0.10% |
| Bonus rate | 5.20% | 5.15% |
| Has conditions | Yes | Yes |
Every tracked savings accounts option from Newcastle Permanent.
Every tracked savings accounts option from Westpac.
In March 2026, Newcastle Permanent's Smart Saver Account (Under 25) offers up to 5.25% p.a. (0.05% base + 5.20% bonus), while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). Both banks are offering the same headline rate.
Newcastle Permanent's rate applies on balances up to $49,999.
Newcastle Permanent has 1 savings product and Westpac has 4, giving you a range of options to compare.
| Feature | Newcastle Permanent | Westpac |
|---|---|---|
| Max Rate | 5.25% | 5.25% |
| Base Rate | 0.05% | 0.10% |
| Bonus Rate | 5.20% | 5.15% |
| Conditions Required |
Common Questions
Newcastle Permanent currently offers the higher rate at 5.25% p.a., compared to 5.25% p.a. Rates are sourced from live data and change frequently.
Newcastle Permanent's best savings rate is 5.25% p.a. on the Smart Saver Account (Under 25), consisting of a 0.05% base rate and 5.20% bonus rate. This rate requires meeting monthly bonus conditions.
Westpac's best savings rate is 5.25% p.a. on the Westpac Life (Under 35), consisting of a 0.10% base rate and 5.15% bonus rate. This rate requires meeting monthly bonus conditions.
Both Newcastle Permanent and Westpac require meeting monthly conditions to earn their full bonus rates.
Bank Two
Best available
Up to 5.25% p.a.
Line-up
4 live products
| Yes |
| Yes |
| Balance Cap | $49,999 | $30,000 |
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