NetBank Partners with Vesdia Corp. to Help Consumers Save More; Members of NestEggz Retirement Savings Program Can Earn More Through Online Banking

Business Wire

January 6, 2004

ATLANTA, Jan 6, 2004 (BUSINESS WIRE) -- NetBank(R) (Nasdaq: NTBK)(www.netbank.com), the country's first commercially successful Internet bank, today announced a new affiliation with Vesdia Corporation. NetBank will provide members of Vesdia's "NestEggz" retirement savings program with up to a $50 contribution toward their savings goals when they open and maintain a money market or checking account.

"NestEggz helps people achieve one of their most challenging financial goals - saving toward their retirement," said Eve McDowell, chief sales & customer fulfillment executive at NetBank. "And NetBank's superior deposit rates can help NestEggz members earn a higher rate of return on their savings while managing their accounts in the industry's most convenient and versatile setting."

Contributions can be earned from NetBank in the following ways:

-- $25 for opening and funding a NetVantage Money Market(TM) account, or NetValue or SuperValue checking account, which within six months of being opened has an average monthly balance of $500 or more

-- $25 for keeping your money market or checking account open for more than six months

"Our affiliation with NetBank provides our members with a convenient and user-friendly method to manage their finances while strengthening the earnings power of their money no matter where they live in the country," said Mike Mitchell, Vesdia's chief financial officer.

Members can learn more about earning rebates for their NestEggz accounts by visiting www.nesteggz.com.

About NetBank

NetBank, the country's first commercially successful Internet bank, serves retail and business customers in all 50 states and more than 20 foreign countries. Its full line of financial services is designed around the needs and lifestyles of its customers. Through a branchless business model, NetBank operates at a fraction of the cost of a traditional bank. Since its start in 1996, NetBank has passed its cost savings to customers through more competitive deposit rates and free account services, such as online bill payment. Through its mortgage lending subsidiaries, Market Street Mortgage(R) and RBMG(R), NetBank ranks as a top 30 U.S. mortgage lender. NetBank, Equal Housing Lender and Member FDIC, is a primary operating subsidiary of NetBank, Inc. (Nasdaq: NTBK), a diversified financial services company. For more information on NetBank's products and services, please visit www.netbank.com.

About Vesdia Corporation

Headquartered in Atlanta, Vesdia is the nation's leading microinvesting technology company. Through its nationwide network of retailers and name brands, Vesdia's patent-protected technology enables individual investors to save towards major life events without incurring out-of-pocket expenses. In addition to serving as the "savings engine" behind its own award-winning savings programs, BabyMint and NestEggz, the company's proprietary technology is also licensed by financial institutions, retailers, and credit card issuers to facilitate customer loyalty. For more information please visit http://www.vesdia.com.

SOURCE: NetBank(R)

CONTACT: NetBank, Atlanta

Rich Jeffers, 678-942-7596

rjeffers@netbank.com

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