Bonus Saver Account
A savings account with monthly bonus interest on the first $100,000 when deposit and withdrawal conditions are met.
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Details
| Field | Value |
|---|---|
| Base | 0.10% |
| Ongoing | 4.90% |
| Ongoing cap | $100K |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | 1 |
| Dep $/mth | $100 |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | 0 |
| Min age | 18 |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Interest rates & fees
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Base rate component | 0.10% | This band only | All balances |
| Ongoing total, conditions met | 4.90% | This band only | First $100k |
| Ongoing total, conditions met | 0.10% | This band only | Over $100k |
Source: noren.com.au
This band only: the rate applies to the money within the listed balance range. Other portions earn their own rates.
Bonus requirements
For Bonus Saver Account, meet these requirements to earn the ongoing total rate shown above.
- 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.
- Make a deposit of at least $100 and no withdrawals during the same calendar month to earn bonus interest. There is no separate balance-growth or card-purchase requirement. If the conditions are not met, only base interest applies.
- The advertised total includes base interest. Bonus interest applies to the first $100,000, with only base interest on the excess. Comparisons above $100,000 use a balance-weighted rate. The CDR MAX_BALANCE entry explicitly describes a bonus-interest cap, it is not a maximum holding balance.
- No monthly administration fee. The product page says no minimum opening deposit, while the August 2026 account summary lists $1. No opening minimum is asserted here, confirm the opening requirement with the bank.
Qualification timing: Requirements are assessed in the current month. Check the settlement deadlines and exclusions in the requirements.
Fees
| Fee | Amount | Details |
|---|---|---|
| Monthly account fee | $0 | Monthly account fee. |
Source: noren.com.au
Showing reviewed fees only, other charges may apply
Rate history
| Observed | Base | Ongoing | Intro |
|---|---|---|---|
| 31 Oct 2026 | 0.10% | 4.90% | - |
Source: noren.com.au
Eligibility
- 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.
- Applicants must be at least 18 and living in Australia as a citizen, permanent resident or with a relevant work visa. Only one Bonus Saver account per customer, whether solely or jointly owned.
Similar products
Tools & support
Things you should know
- Check withdrawal access, linked-account requirements and transaction timing with the provider.
- Introductory and ongoing offers may have different eligibility and balance limits.
Collected on 30 Oct 2026. Pricing verified on 29 Oct 2026.