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.

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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.

Interest Rates
Current as at 11 August 2015

Days funds in account Base Rate Bonus Interest With Bonus Interest
Up to 30 days 1.00% p.a. n/a n/a
Longer than 30 days 1.00% p.a. 0.25% p.a. 1.25% p.a.
Longer than 60 days 1.00% p.a. 0.50% p.a. 1.50% p.a.
Longer than 90 days 1.00% p.a. 0.75% p.a. 1.75% p.a.

Interest rates are variable and subject to change. 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 Banking customers who do not opt to have EFTPOS funds remain in their Tyro Bank Account have their EFTPOS takings auto-swept to their nominated linked bank account and do not earn any interest.

Tyro & Xero

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.

More about Xero Integration

On the go with the Tyro App

Access 24/7 mobile banking

The Tyro App lets you access 24/7 mobile banking so you can stay on top of your business from anywhere plus intelligent notifications, bank transfer, BPAY® and direct debits.

Download the app:
App Store
Google Play

Introducing the Tyro App

Gain on-the-go insights and manage your business wherever you are

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Never run low

Just-in-time reminders will let you know if funds are low, so you can reschedule bill payments.

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Safe payments

Automatically receive a notification if a new payee is included in a batch.

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Monitor interest earned

Keep track of monthly interest on your EFTPOS transactions.

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Easy set-up for recurring payments

Set and forget your regular payments.

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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*.

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Track EFTPOS transactions

Hourly transactions to pick up on sales times and trends.

Fee-free. Interest-bearing

Flexible business banking

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7-day settlements

Flexible Settlements are paid into your account 7 days a week at a time of your choosing if you settle into the Tyro Bank Account, so you can earn interest and access your cash straight away.^

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Linked banking

For seamless cashflow management, link your Tyro Bank Account with any other Australian Financial Institution.

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Government guarantee

Security guaranteed. Your deposits are protected under the Financial Claims Scheme up to $250,000 per account holder.

For more information visit ASIC’s website.

There’s no need to wait

Start banking better today

Join the thousands of businesses that are banking better for their business today.

Get a Quote