Whenever you add or receive money, we’ll buy units in the fund you have 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.
On occasion, we might need to temporarily limit the amount of money you can withdraw, send, or spend each day. But you'll always be able to get full access to your money within 2 working days.
Yield product in Australia
If you choose to hold your money as Yield, we’ll invest it in the following fund: Franklin Templeton Government Cash Fund (AUD).
Your money will be in an Australia-based fund that invests in government-backed securities. 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.
It can take up to 2 working days to complete a buy or sell order for your units.
How to see your gains
Go on the Yield option on your balance or Jar to see what you’ve gained since switching it to Yield.
We add any additional gains to your total balance every working day, but these don’t show up in your transactions. It won't show on weekends, so the day before a weekend or public holiday, you'll see a larger gain in place of the upcoming non-working days.
If you're a US tax resident
Yield is currently not available for US tax residents, but you might be eligible to earn interest on your money if you live in the US.
Learn more about earning interest on your Wise account if you live in the US