How do I use Yield?

We offer Yield as part of our Assets product in Australia.

With Assets, you can decide how you'd like to hold the money in your balances or Jars. Currently, you can choose Cash or Yield available to all residents of Australia.

How do I switch between Cash and Yield?

By default, all of the money in your balances and Jars is held as Cash. You can switch them back and forth between Cash and Yield any time you want. To change how we hold your money:

1. Go to the balance or Jar you want to change

2. Under the balance information, select Options, then Earn

3. Choose from one of the options — the one you have set for this balance or Jar will say "What you have now"

If you change how your money is held in a balance or Jar, the icon will show as Pending while we make the change. This can take up to 2 working days — but it can take an extra working day if you’ve still got transactions in progress, or if we’re still processing a change.

What happens if I select Cash?

Your balances and Jars are held as Cash by default. This means you can’t grow your money, but it isn’t at risk in the market.

What happens if I select Yield?

This means we’ll invest all of your money in the Jar or balance in a fund that holds assets backed by the government. You can read more about the fund we have chosen for Yield in the Wise app.