Business Banking

Tyro Business Term Deposit

Set aside funds for future payments such as your Business Activity Statements (BAS) or make the most of your savings. Lock away a competitive interest rate with our range of term deposits. Available exclusively to Tyro EFTPOS and eCommerce customers, with an open Tyro Bank Account.

Grow your business savings

Open one or more term deposits; starting with as little as $1,000 up to a maximum of $1,000,000 per term deposit. Funds will be automatically transferred from your fee-free Tyro Bank Account`. Interest paid at account maturity1.

Your money is protected

Rest assured that your money is protected with the extra security of the Australian Financial Claims Scheme2.

Open a term deposit in minutes`

Click on the Banking tab in the Tyro App, then click on the ‘Add Term Deposit’ button. Follow the steps to open a Term Deposit.

Let’s get started!

Step 1: Download the Tyro App
Download it on the App Store Get it on Google Play

Step 2: Click on the Banking tab

Step 3: Click on the ‘Add Term Deposit‘ button

Step 4: Select the deposit amount you wish to invest in and choose your term

Step 5: Follow the prompts to open a Term Deposit