Whenever you add or receive money, we’ll buy units in the fund you have chosen that are worth the same cash value. When you send or spend money (including using your Wise card), we’ll sell units worth the same cash value.
On occasion, we might need to temporarily limit the amount of money you can withdraw, send or spend each day. But you'll always be able to get full access to your money within 2 working days.
If your address is in the UK or in the European Economic Area*
If you choose to hold your money as Interest, we’ll invest it in the following Money Market Funds depending on the currency you select:
| Asset | Fund |
|---|---|
| Interest-earning fund (GBP) | BlackRock ICS Sterling Government Liquidity Fund Premier Acc T0 (GBP) Managed by BlackRock** |
| Interest-earning fund (EUR) | BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock |
| Interest-earning fund (USD) | BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock |
**Customers opening a balance or jar after 14th of February 2024 will invest in one of two available share classes of the same BlackRock ICS Sterling Government Liquidity Fund. Either 'Premier Acc (GBP) (Accumulating) IE00B43PVC83' OR 'Premier Acc T0 (GBP) (Accumulating) IE00B40L6351'
We only buy or sell units once per day. We handle the investment transactions behind the scenes — by buying or selling units in the fund at the available next trading cut-off time — which is 7:00 AM GMT.
It can take up to 2 working days to complete buy and sell orders for your units. Customers based in Germany, Hungary, Norway and Sweden can currently only use Interest for money they keep in Jars. Withdrawing money from the Jar will take up to two working days as the sell order needs to complete before we can make your money available to spend.
*Only available in some EEA countries — you'll see the option to change your balance or jar from Cash to Interest if you're eligible
If your address is in Singapore
If you choose to hold your money as Interest, we’ll invest your balance or Jar in the following Money Market Funds depending on the currency you select:
| Asset | Fund | Cut-off time (SGT) |
|---|---|---|
| Interest-earning fund (SGD) | Lion Global SGD Money Market Fund SGD Class A Managed by Lion Global Investors Ltd. | 2:30pm |
| Interest-earning fund (USD) | FTGF Western Asset US Government Liquidity Fund A USD ACC Managed by Franklin Templeton | 2:00am |
Your money will be in a Singapore-based fund that invests in short-term loans to large companies. When these loans are repaid with interest, the fund’s value grows.
We only buy or sell units once per day. We handle the investment transactions behind the scenes by buying or selling units in the fund at the next available trading cut-off time:
It can take up to 2 working days to complete a buy or sell order for your units.
How can I see my gains?
Click on the Interest button on your balance or Jar to see what you’ve gained since switching it to Interest. We add any additional gains to your total balance every working day, but these don’t show up in your transactions. It won't be shown on weekends, so the day before a weekend or public holiday, you'll see a larger gain in place of the upcoming non-working days.
If your address is in the US
Interest-earning funds are currently not available for US customers, but you might be eligible to earn interest on your money if you live in the US.
Please note that only your main USD, GBP or EUR balance can earn this type of interest — jars aren't eligible to receive interest at this time for US customers.
Learn more about earning interest on your Wise account if you live in the US