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.
This feature is 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
What happens when you switch to Interest?
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. Because the fund’s assets are issued or guaranteed by the government, they are extremely low risk. These funds are specifically designed to preserve capital and keep your money stable. 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 switch to Interest, we hold 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 interests rates dropping to 0% or lower. Government defaults are unlikely. This means that while your investment is not guaranteed, the risk is low.
Access to your invested money
Limits and timeframes for accessing your money will depend on your country of residency.
Learn more about managing your Balance or Jar when it's held as Interest
Find out more
You can visit BlackRock’s EUR, GBP and USD fund pages to learn more about the securities held by our interest-earning funds. Here, you can find information about:
The funds’ risk, performance and portfolio characteristics
The funds’ Key Investor Information Document (KIID)
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.
Click on ‘Weekly SOI’ (Schedule of Investments) on the page of the relevant fund if you want a detailed view.
Learn more about taxes when you use Interest