Give your money a boost

When you invest in Interest, you're buying units in a fund that holds government-guaranteed assets. These include, for example, short-term Australian government fixed income securities and bank deposits. You earn a return through the value of your investment currency growing. Any increase in value is added to your currency total every working day, so you don't have to wait a month to see what's yours. To see how much your investment has grown, look at your currency details. Returns are not guaranteed.

The fund is called the Franklin Government Cash Fund. This investment product is offered by Wise Investments Australia and it is not a deposit account. Any investments that you make with Wise Investments will not be protected under the Australian Financial Claims Scheme.

Learn more about how Interest works

When you use Interest, you can send and spend your money whenever you want — including your gains. If your money is in a Jar, you'll need to move it to your main account if you want to spend it.

You can transfer up to 200,000 AUD (or equivalent) each day from Interest currencies. Any amount over 200,000 AUD (or equivalent) adds a processing time of up to 2 working days.

In certain circumstances we might need to temporarily limit the amount of money you can withdraw, send or spend each day. But you'd still always be able to get full access to your money within 2 working days.

Learn more about managing your money

Interest is considered low risk because the assets the fund invests in are government-guaranteed. The fund that Interest uses is designed to be stable and it's unlikely your money could go down in value. There are two scenarios where your money would go down in value when invested in a government-guaranteed asset:

The first is if the government can't repay its debt. We only offer funds that invest in assets backed by governments with high credit ratings; based on historical data and external ratings, this scenario is unlikely.

The second is if interest rates drop to 0% or lower. Interest rates are currently higher.

Learn more about safety

For AUD: You pay two separate fees when you invest with Interest.

The Wise fee of 0.57% including 10% GST covers the cost of buying and selling units on your behalf. The fund manager fee is 0.15%. The Wise fee is charged every month and we always take this fee from a currency. The fund manager fee for the management of your investment is charged by the fund manager Franklin Templeton, and is automatically reflected in the value of your investment so you won't see it leave your account.

This means you'll pay an annual Wise fee of 7.20 AUD if you hold 1,000 AUD in Interest.

Learn more about fees

For EUR: The annual fee is 0.53% and includes what you pay Wise (0.38%) and what you pay the fund manager (0.15%). This means you'll pay an annual fee of 5.30 EUR if you hold 1,000 EUR in Interest.

For USD: The annual fee is 0.72% and includes what you pay Wise (0.57%) and what you pay the fund manager (0.15%). This means you'll pay an annual fee of 7.20 USD if you hold 1,000 USD in Interest.

For NZD: You pay two separate fees when you invest with Interest.

The Wise fee of 0.42% covers the cost of buying and selling units on your behalf. The fund manager fee is 0.15%. The Wise fee is charged every month and we always take this fee from a currency. The fund manager fee for the management of your investment is charged by the fund manager Franklin Templeton, and is automatically reflected in the value of your investment so you won't see it leave your account. This means you'll pay an annual Wise fee of 5.70 NZD if you hold 1,000 NZD in Interest.

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 here. You can also request a report with information that can help you complete your tax return.

Learn more about taxes