Be prepared, save for business payments
Finally a business bank account that acts like it
Competitive interest rates calculated daily and paid monthly, no account keeping fees, no transaction fees and no penalties for accessing your funds. Save for business payments like quarterly BAS while earning interest on your cash.
Tyro Bank Account
Competitive interest rates
Earn more interest on your funds the longer you leave them in the account, and still have access to your funds when you need it.
Effective as of 13 July 2020
|Days funds in account||Base Rate||Bonus Interest||With Bonus Interest|
|Up to 30 days||0.25% p.a.||n/a||0.25% p.a.|
|Longer than 30 days||0.25% p.a.||0.25% p.a.||0.50% p.a.|
|Longer than 60 days||0.25% p.a.||0.50% p.a.||0.75% p.a.|
|Longer than 90 days||0.25% p.a.||0.75% p.a.||1.00% p.a.|
On 13 July 2020 the Base Rate on the Tyro Bank Account changed from 1.00% p.a. to 0.25% p.a. The Bonus Interest rate remained unchanged.
Rates effective 13 July 2020 but subject to change. Interest rates are variable and interest is calculated daily and paid monthly on the third business day. Bonus interest is paid on the portion of the balance that falls within each tier. Tyro EFTPOS and eCommerce Banking customers who do not opt to have funds remain in their Tyro Bank Account and have their daily takings auto-swept to their nominated linked bank account, do not earn any interest.
Effortless. Efficient. Integrated banking
Seamless reconciliation with integrated bank feeds to Xero. Schedule batch payments in Xero – including BPAY and bank transfers, and Xero Payroll.
Gain on-the-go insights and manage your business wherever you are
Never run low
Just-in-time reminders will let you know if funds are low, so you can reschedule bill payments.
Automatically receive a notification if a new payee is included in a batch.
Monitor interest earned
Keep track of monthly interest on your EFTPOS transactions.
Easy set-up for recurring payments
Set and forget your regular payments.
Voice command payments
Tyro was the first in Australia to allow payments to be made from its business bank account using Apple’s smartphone assistant, Siri*.
Track EFTPOS transactions
Hourly transactions to pick up on sales times and trends.