Terms and Conditions
These terms and conditions govern this offer (Offer Terms).
These Offer Terms are to be read in conjunction with the Tyro Terms and Conditions (General Terms and Conditions) and the Tyro Bank Account Terms and Conditions (together the Tyro Terms and Conditions). If these Offer Terms are inconsistent with the Tyro Terms and Conditions, these Offer Terms prevail to the extent of the inconsistency.
Capitalised terms in these Offer Terms have the meaning given to them in the Tyro Terms and Conditions unless otherwise defined in these Offer Terms. ‘You’ and ‘your’ means the person(s) who apply for, and are provided with, Tyro Bank Account.
The Offer is available between 12:00am 13 November 2024 (Sydney time) to 11:59pm 28 February 2025 (Sydney time) (Offer Period).
To be eligible for this Offer, all of the following criteria must be met (Eligibility Criteria)
- you must apply to open a new Tyro Bank Account with Tyro during the Offer Period (New Tyro Bank Account);
- you must not be an existing Tyro Bank Account holder; and
- the New Tyro Bank Account application must be approved by Tyro within the Offer Period.
Provided the Eligibility Criteria are met and notwithstanding clauses C.16.1 and C.16.2 of the Tyro Bank Account Terms and Conditions, your New Tyro Bank Account will accrue interest on the daily cleared credit balance of your New Tyro Bank Account at an introductory fixed interest rate of 5% p.a. (the Introductory Interest Rate). Interest will accrue at the Introductory Interest Rate until the earlier of the first 6 months from the date that we issue the New Tyro Bank Account to you (Promotional Rate Period) and the day you instruct us to close your New Tyro Bank Account.
Following the end of the Promotional Rate Period, the interest rate applied to your New Tyro Bank Account will be as per clauses C.16.1 – C.16.3 of the Tyro Bank Account Terms and Conditions.
This Offer is not applicable in conjunction with any other Tyro offer.
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