Woolworths Team NetPlus Summary
Description
An at-call online savings account with daily variable interest paid monthly and no monthly activity requirement.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | Woolworths Team NetPlus |
|---|---|
| Maximum variable rate | 2.00% p.a. |
| Ongoing interest rate | 2.00% p.a. |
| Base interest rate | 2.00% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 2.00% |
|---|---|
| Ongoing | 2.00% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 2.00% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 2.00% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Interest is calculated daily and credited at the end of each month.
- No introductory offer is established. Membership requires a separate refundable $1 share. Other service and transaction charges may apply.
- No monthly deposit, balance-growth, card-purchase or withdrawal-count interest test. The published rate is uncapped and funds are available at call. No account fees under the current TMD.
- Withdrawals are through internet banking or BPAY. Staff-assisted withdrawals incur fees under the current account summary. Direct credits are allowed, no direct debits or card access under that summary. The older product page lists broader access, confirm any assisted service with the bank.
- The August 2026 summary lists a $1 opening deposit. The TMD states no minimum ongoing balance. These are separate from a monthly qualifying-deposit requirement.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with Woolworths Team.
- Membership is open to Woolworths and Endeavour Group team members, their immediate family members and people with an affinity to Woolworths, such as Everyday Rewards members and contractors. Affinity membership is subject to approval under the Constitution. Retired employees, continuing members and qualifying transferred or legacy members may also qualify. Existing membership continues after employment ends. Joining requires identity checks and one refundable $1 member share. Confirm eligibility with Woolworths Team Bank.
- This comparison covers personal savings use.
More from Woolworths Team
Similar products
Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 29 Oct 2026.