Woolworths Team Bank Bonus Saver Account
Bonus rate
A savings account from Woolworths Team Bank, paying up to 4.90% a year when you meet the bonus conditions.
- Base rate up to
- 0.10%
- Introductory rate
- None
- Maximum balance
- $100,000
Rate with bonus, up to
Rates by balance
| Balance | Base rate | Bonus | Total |
|---|---|---|---|
| $0 to $100,000 | 0.10% | +4.80% | 4.90% |
| $100,000 and over | 0.10% | None | 0.10% |
Who can open it
- Age to open
- Any
- Maximum balance
- $100,000
Who it's for
- Membership is open to team members of Woolworths and Endeavour Groups, their immediate family members, and those with an affinity to Woolworths Group.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
4.90%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.10%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A low base rate. Only 0.10% in any month you miss the bonus conditions.
- A balance cap. Interest is paid on up to $100,000, so it suits smaller balances.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 4.90%
- Bonus conditions
- Yes
- Most it pays
- 4.90%
- Bonus conditions
- None
- Most it pays
- 4.95%
- Bonus conditions
- None
