We offer Interest and Stocks as part of our Assets product
You can switch to Wise Interest from a balance or Jar in certain currencies, if you’re eligible. Check if you are eligible to switch to Interest.
While Wise Interest isn't available in the US, there are other ways you can earn interest through Wise.
Learn more about earning interest on your Wise account if you live in the US
If you live in the UK, or in eligible countries in the EEA
This is information for customers with an address in the UK or an eligible EEA country.
What happens when you turn on Interest?
Your money is kept in a fund investing government-backed short-term loans. When those loans are repaid, they come with interest — which gets passed on to you. Because the fund’s assets are issued or guaranteed by the government, they are low-risk. However, investments, even in a low-risk fund, are never guaranteed.
The fund tracks the interest rate offered by the central bank of the currency it's in. Unlike traditional bank accounts, your return will change soon after any central bank rate changes. We’ll update the value of your money every working day, so there’s no more waiting a month to get what’s yours.
Understanding the risks
When you turn on Interest, we invest your money in a Public Debt Money Market Fund. This type of fund is trusted by banks and large corporations to keep their money safe and accessible, while giving them a return.
The main risks that can cause the value of the fund to decrease are the government defaulting or interest rates dropping to 0% or lower. Government defaults are unlikely. This means that while your investment is not guaranteed, the risk is low.
Find out more
You can visit BlackRock’s EUR, GBP and USD fund pages to learn more about the securities invested by our interest-earning funds. Here, you can find information about:
The funds’ risk, performance and portfolio characteristics
The funds’ Key Investor Information Documents (KIIDs)
A breakdown of the portfolio’s holdings: the instruments the funds contain
The holdings’ maturity: when the loans or government debt will expire and get repaid
Follow the link for Weekly SOI (Schedule of Investments) on the BlackRock pages for a detailed view.
Learn more about managing your Balance or Jar when it's invested as Interest.
If you live in Singapore
This is information for customers with an address in Singapore.
What happens when you switch to Interest?
If you turn on Interest for an SGD balance or Jar
Your money is kept in a fund holding government securities and short-term loans to corporations. When those loans are repaid, they come with interest — which gets passed on to you. We update the value of your money every working day. The fund invests in high quality short-term money market instruments and debt securities and aims to manage liquidity and risk while looking to provide a return which is comparable to that of SGD short-term deposits.
If you turn on Interest for an USD balance or Jar
Your money is kept in a fund holding government-backed short-term loans. When those loans are repaid, they come with interest — which gets passed on to you. We update the value of your money every working day.
While both SGD and USD Interest are low-risk funds, they are never guaranteed.
Understanding the risks
When you switch to SGD Interest, we hold your money in high quality short-term money market instruments and debt securities. The main risks that can cause the value of the fund to decrease are the corporations defaulting or interest rates dropping to 0% or lower. This means that while your investment is not guaranteed, the risk is low.
When you switch to USD Interest, we hold your money in a Public Debt Money Market Fund. The main risks that can cause the value of the fund to decrease are the government defaulting or interest rates dropping to 0% or lower. Government defaults are unlikely. This means that while your investment is not guaranteed, the risk is low.
Find out more
You can visit the Lion Global Investors (SGD fund) and Franklin Templeton (USD fund) pages to learn more about the securities held by our interest-earning funds. Here, you can find the funds’ risk, performance and portfolio characteristics fact sheets, prospectus, product highlight sheets and annual reports.
Learn more about managing your Balance or Jar when it's held as Interest