We offer Yield as part of our Assets product in Australia.
Right now, Yield is available to Wise consumer and business customers with an account currently registered in Australia.
If your address is in Australia, you can switch your balances and Jars to the Yield fund, which is the Franklin Government Cash Fund, and is provided by Franklin Templeton.
What happens if I hold Yield, but move countries?
Any money that you invested in a balance or Jar before you moved countries will remain invested.
Once you’ve moved countries:
You can continue to add money into existing Yield balances or Jars — we'll invest it as usual
You can't switch other balances or Jars to Yield until you move back to a country where they're available
If you decide to switch your invested balances or Jars back to Cash, you can't switch that balance or Jar back to Yield
There are some exceptions:
US and Brazil — if your new address is in one of these countries, we’ll switch your invested balances and Jars back to Cash. This means we’ll sell all your units as soon as the address has been updated
Can I use Yield if I’m a US citizen or tax payer?
Not yet. Because of how our fund partner is regulated, we can’t onboard US citizens or taxpayers.
Learn about earning with your Wise account if you live in the US
Can I use Yield if I’m a dual tax resident?
Unfortunately, Yield is currently available to Australian customers with a single tax residence, as long as that tax residence country is not the US.