Switching your Balance or Jar to Interest doesn’t change what you can do with it.
Whenever you add or receive money, we’ll buy units in the fund we’ve 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.
When you hold a Balance or Jar as Interest, you can have as much access to your money as possible. To do this, we give you instant access to all of your money. This may be revised from time to time depending on the fund volatility and returns.
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 your Balance or Jar 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 (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 |
Your balance or Jar will be held in a fund that invests in short-terms loans backed by governments. 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 available next trading cut-off time — which is 7:00 am UK time.
It can take up to 2 working days to complete buy and sell orders for your units.
*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 SGD balance or Jar in a Money Market Fund — LionGlobal SGD Money Market Fund SGD Class A, managed by Lion Global Investors Ltd.
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 — which is 2:30 pm SGT.
It can take up to 2 working days to complete a buy or sell order for your units.
How can I access my gains?
We offer an accumulating share class. This means that any gains from the underlying assets (e.g. interest from the short-term loans) are reinvested by the fund manager back into the fund. Gains (“returns”) are not guaranteed and the value of your investment may go up or down.
When you spend or send from your balance, or withdraw money from a Jar, we sell the equivalent number of units. So to access your gains you just need to spend or withdraw your money.
Interest-earning funds are currently not available for US customers, but you might be still eligible to earn interest on your money if you live in the US.
Learn more about earning interest on your Wise account it you live in the US