ATLANTA, March 7, 2006 (PRIMEZONE) -- NetBank, Inc. (Nasdaq:NTBK), a diversified financial services provider and parent company of NetBank(r) (www.netbank.com), today announced a new affiliation with OnRebate.com, an online marketplace that processes and fulfills rebates for a variety of consumer product manufacturers. OnRebate.com users have the opportunity to earn up to $160 in cash rewards for opening and funding a variety of NetBank accounts.
"Alliances such as the one we are announcing today allow NetBank to market our services to consumers who share similar characteristics to our existing customer base -- mainly tech-savvy persons who appreciate the value and convenience of doing business online," said Jerry McCoy, chief marketing executive, NetBank, Inc. "Consumers are using technology to simplify their lives. OnRebate.com users enjoy a faster, more convenient way of receiving rebates on products they buy. As a NetBank customer, they can enjoy the same convenient connection to their money, and receive some additional cash to put in their account."
Customers who open a NetBank account can receive up to $160 in cash rewards in the following ways:
-- $70 for opening and funding a checking account with a minimum
deposit of $50 and maintaining an average daily balance of $500
for at least one month
-- $70 for opening and funding a Money Market account with a minimum
deposit of $100 and maintaining an average daily balance of $1,000
for at least one month
-- $20 for opening and funding a Certificate of Deposit account with
a minimum amount of $1,000 and a term of at least 12 months
OnRebate.com users can learn more about earning rewards through NetBank by visiting www.netbank.com/onrebate.
About NetBank, Inc.
NetBank, Inc. (Nasdaq:NTBK) operates with a revolutionary business model through a diverse group of complementary financial services businesses that leverage technology for more efficient and cost effective delivery of services. Its primary areas of operation include personal and small business banking, retail and wholesale mortgage lending, and transaction processing. For more information, please visit www.netbankinc.com.