Tyro Bank Account
savings accountstaleterms checked
Bank Account is a savings account from Tyro. It pays 2.90% p.a. in a month in which the conditions below are met and 0.50% when they are not.
Rate tiers
Every balance band in the bank's feed: base is the rate when the bonus conditions are not all met, bonus the add-on for meeting them, conditional the two together.
| Balance | Base | Bonus | Conditional |
|---|---|---|---|
| $0+ | 0.50% | 2.40% | 2.90% |
The bonus is paid on top of the base rate in a month in which the conditions are met; conditional is the two together, and the base rate is what is paid otherwise.
The feed states no cap on the balance that earns the bonus.
Conditions
For the bonus rate
- Bonus rate earned on funds in the account greater than 30 days. LONGER THAN 30 DAYS
- Bonus rate earned on funds in the account greater than 60 days. LONGER THAN 60 DAYS
- Bonus rate earned on funds in the account greater than 90 days. LONGER THAN 90 DAYS
Other conditions
- not updated by the bank since 2026-02-15, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed
Features
- app
- yes
- notifications
- yes
- transactions
- unlimited
Other features, in the bank's words:
- Seamless reconciliation with integrated bank feeds to Xero. Schedule batch payments in Xero – including BPAY and bank transfers, and Xero Payroll.
Fees, limits and who can open it
- monthly fee
- no monthly fee stated
- interest paid
- monthly
- interest calculated
- daily
- open to
- business customers
Who can open it, in the bank's own words:
- business: You must have an active ABN.
- You must be a Tyro EFTPOS/eCommerce customer.
About this account
A fee-free, interest earning business bank account that provides the flexibility to move money using the Tyro App.
Data
- Tyro's own page for this account.
- The bank's documents its product record links to: terms and conditions.
- Our verbatim snapshot of the bank's product record (source), as fetched on 22 October 2026.
- We read the bank's own page and terms against this page on 1 November 2026: bank-account, terms-and-conditions, transaction-account; conditions they state and its feed does not are listed above.
/au/finance/savings-accounts/v1/brands/tyro-payments.json: this bank's accounts and every balance band as JSON; Tyro's page lists them.- The bank last updated this record on 15 February 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.
Other accounts at Tyro
All of Tyro's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.
We receive no payment from any lender for inclusion or ranking.
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.