1 live product
Newcastle Permanent
Best match at selected term
4.70%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$1,000
Finding the best rates…
Term Deposits Comparison
Bank One
Newcastle Permanent
Best available
Up to 4.70% p.a.
Line-up
1 live product
VS
Newcastle Permanent vs Westpac
Compare Newcastle Permanent and Westpac term deposits in March 2026. Newcastle Permanent offers rates up to 4.70% p.a. across 16 term lengths, while Westpac reaches 3.55% p.a. across 17 terms.
Tune The Comparison
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VS
1 live product
Westpac
Best match at selected term
3.55%p.a.
Term Deposit
Pays maturity across a 12-month term.
Term
12 months
Payout
maturity
Min deposit
$5,000
Live edge
Newcastle Permanent currently pays 1.15% more at 12 months, worth about $115 extra on $10,000.
1.15% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Newcastle Permanent | Westpac |
|---|---|---|
| Rate at selected term | 4.70% | 3.55% |
| Best headline rate | 4.70% | 3.55% |
| Minimum deposit | $1,000 | $5,000 |
| Interest payment | maturity | maturity |
| Terms available | 40 | 39 |
All Newcastle Permanent Products
Every tracked term deposits option from Newcastle Permanent.
All Westpac Products
Every tracked term deposits option from Westpac.
Newcastle Permanent's best term deposit rate is 4.70% p.a. across 40 variants, while Westpac offers up to 3.55% p.a. across 39 variants. Newcastle Permanent pays 1.15% more, earning you an extra $575 on a $50,000 deposit over 12 months.
Newcastle Permanent offers terms of 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 2 years, 3 years, 4 years, 5 years, while Westpac covers 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 1 year, 1.9166666666666667 years, 2.9166666666666665 years, 3.9166666666666665 years, 4.916666666666667 years, 5 years.
Quick Comparison
| Feature | Newcastle Permanent | Westpac |
|---|---|---|
| Best Rate | 4.70% | 3.55% |
| Min Deposit | $1,000 | $5,000 |
| Terms Available | 16 | 17 |
Common Questions
Newcastle Permanent vs Westpac FAQs
Which bank has the better term deposit rate, Newcastle Permanent or Westpac?
Newcastle Permanent currently offers the higher rate at 4.70% p.a. Compare specific terms and deposit amounts for the most accurate comparison.
What term deposit rates does Newcastle Permanent offer in 2026?
Newcastle Permanent's best term deposit rate is 4.70% p.a. They offer 16 different term lengths.
What term deposit rates does Westpac offer in 2026?
Westpac's best term deposit rate is 3.55% p.a. They offer 17 different term lengths.
How much more interest can I earn with Newcastle Permanent on a $50,000 term deposit?
At current rates, Newcastle Permanent pays approximately $575 more per year on a $50,000 deposit, based on their 1.15% rate advantage.