Earn a return by investing your money in an interest-earning fund that holds government-guaranteed assets. Spend any time, all while you grow.
This page is for UK customers only.
It covers:
Gains and using your money
Fund details and safety
Rates and fees
Taxes
1. Gains and using your money
Get your gains daily
Your returns are added to your money every working day, but you won’t see them in your transaction history. To see how much your money has grown, look at your balance or jar details.
Use your money any time
You can send and spend your money any time — including your gains. Just like with a current account.
Transfer 10,000 GBP daily without delay
You can always transfer more — it adds a processing time of up to 2 working days.
| Daily transfer total | Processing time |
|---|---|
| Up to 10,000 GBP (or equivalent) | None |
| Any amount over 10,000 GBP | Up to 2 working days |
This is to help us keep your service fee low and offer you the best rate possible.
Your daily transfer total applies only when you transfer money out of Interest balances and Jars. It includes money you send outside Wise, convert between currencies, and move between balances and Jars. It doesn’t include spending with your card, ATM withdrawals, or direct debits.
2. Fund details and safety
To offer you a good return while keeping your money safe, we’ve partnered with BlackRock, the world’s largest asset manager.
The funds, offered through Wise Assets, are:
For GBP — the BlackRock ICS Sterling Government Liquidity Fund
For USD — the BlackRock ICS US Treasury Fund
For EUR — the BlackRock ICS Euro Government Liquidity Fund
Government-guaranteed assets
Interest is considered low risk because the assets the fund invests in are government-guaranteed.
When an asset is government-guaranteed (usually a bond or loan), it means the government has agreed to repay the money, even if the original borrower can't. Because the government is reliable at repaying debt, these types of assets are considered very low risk.
FSCS protection up to 85,000 GBP
You may be eligible for protection up to £85,000 under the Financial Services Compensation Scheme (FSCS).
Designed for safety and stability
Government-guaranteed assets are one of the safest investments you can make. Your money would only go down in value if:
The government can’t repay its debt. This is very unlikely because we only offer funds that invest in assets backed by governments with high credit ratings.
Interest rates drop to 0% or lower. Interest rates are currently much higher, and are unlikely to drop to 0% any time soon.
Access to your money could be limited if markets become unstable. This would help preserve your investment, and would only be temporary.
3. Rates and fees
Rates follow the central bank
When you’re turning on Interest, the rate we show is how much your money could grow over a year. It’s based on the fund’s rate of return in the last 7 days. It follows the rate set by the central bank of the currency, which can vary throughout the year.
The current rates do not guarantee future growth.
How the GBP fund has performed
The GBP fund has returned a 0.93% annual average over the last 5 years, excluding Wise fees. This table shows past performance of both the BlackRock ICS Sterling Government Liquidity Fund and the Bank of England (BoE) rate.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fund rate | 0.6% | 0.2% | 0% | 1.2% | 4.6% |
| BoE rate | 0.7% | 0.2% | 0.1% | 1.5% | 4.7% |
How the USD fund has performed
The USD fund has returned a 1.53% annual average over the last 5 years, excluding Wise fees. This table shows past performance of both the BlackRock ICS US Treasury Fund and the US Federal Reserve (Fed) rate.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fund rate | 2.1% | 0.4% | 0% | 1.5% | 5.0% |
| Fed rate | 2.2% | 0.4 | 0% | 1.7% | 5.0% |
How the EUR fund has performed
The EUR fund has returned a -0.22% annual average over the last 5 years, excluding Wise fees. This table shows past performance of both the BlackRock ICS Euro Government Liquidity Fund and the European Central Bank (ECB) rate.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fund rate | -0.6% | -0.7% | -0.7% | -0.2% | 3.1% |
| ECB rate | -0.4% | -0.5% | -0.5% | 0.1% | 3.3% |
Fees are factored into rates
When you turn on Interest, the fees we show you are already factored into the annual variable rate.
There are two fees, a Wise fee and a fund manager fee. Both fees are based on the daily amount you hold in Interest. The Wise fee is charged monthly and will be taken out of your balance on the 1st of every month. The fund manager includes their fee in the value of your investment, so you won’t see it charged as a separate fee.
If you’re turning on Interest for GBP
The annual fee is 0.56% and includes what you pay Wise (0.46%) and what you pay the fund manager (0.10%). This means if you hold 1,000 GBP in Interest, you’ll pay an annual fee of 5.60 GBP.
If you’re turning on Interest for USD
The annual fee is 0.29% and includes what you pay Wise (0.19%) and what you pay the fund manager (0.10%). This means if you hold 1,000 USD in Interest, you’ll pay an annual fee of 2.90 USD.
If you’re turning on Interest for EUR
The annual fee is 0.27% and includes what you pay Wise (0.17%) and what you pay the fund manager (0.10%). This means if you hold 1,000 EUR in Interest, you’ll pay an annual fee of 2.70 EUR.
4. Taxes
You may have to pay tax if you use Interest — for example, capital gains tax. This depends on the country you pay tax in and your financial circumstances. We unfortunately can’t give you tax advice, but you can learn more about requirements in different countries in the FAQ below.
You can also request a report with information that can help you complete your tax return.
If you still have questions about your taxes, we recommend speaking to a tax advisor.