Wise Savings Review (2026): Rates, Fees and Verdict

Wise Business Interest (Assets)

Wise Interest is not a savings account.

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Overview Account Details Eligibility Pros & Cons Key Features

Best for: International businesses holding GBP, USD, and EUR who already use Wise

Watch out: This is not a deposit account, capital is at risk and returns are not guaranteed. The 5-year rolling average (3.03%) is not the current rate. The 0.55% annual fee is deducted from returns. FSCS investment claims may be covered up to £85,000 if Wise Assets fails with a shortfall, but market losses are not protected and this is not deposit protection.

Not ideal if: You need FSCS-protected deposit protection, you want a guaranteed rate, or you are unfamiliar with money market fund risk.

GBP net return3.32% net After 0.55% annual fee (Wise 0.45% + BlackRock 0.10%); gross 3.87%

USD net return3.44% net After 0.28% annual fee (Wise 0.18% + BlackRock 0.10%)

EUR net return2.02% net After 0.26% annual fee (Wise 0.16% + BlackRock 0.10%)

Product typeMoney market fund Not a deposit account , capital at risk, returns not guaranteed

AccessFlexible withdrawal Returns added every working day; no notice period

FSCS statusInvestment cover to £85,000 Eligible FSCS investment claims if Wise Assets fails with a shortfall; market losses not covered; not deposit protection

Annual fee (GBP)0.55% Deducted from returns; net rates quoted above

Account requiredWise Business account

Eligibility: UK businesses with an active Wise Business account. Wise Interest is available in GBP, USD, and EUR , currencies you hold in your Wise account. Provided by Wise Assets UK Ltd (FCA reg. 839689), not a bank. This is an investment product: capital is at risk and returns are not guaranteed. Sole traders, limited companies and partnerships are typically accepted, but Wise cannot onboard every business type, so availability depends on your business. No minimum balance is required to activate interest.

Not ideal if: You need FSCS-protected deposit protection, you want a guaranteed rate, or you are unfamiliar with money market fund risk.

Watch out: This is not a deposit account, capital is at risk and returns are not guaranteed. The 5-year rolling average (3.03%) is not the current rate. The 0.55% annual fee is deducted from returns. FSCS investment claims may be covered up to £85,000 if Wise Assets fails with a shortfall, but market losses are not protected and this is not deposit protection.

Returns added every working day, liquid and flexible

Multi-currency: GBP, USD, and EUR in one account

FCA regulated, BlackRock-managed money market fund

Eligible FSCS investment claims may be covered to £85,000 if Wise Assets fails (not market losses)

Competitive GBP net rate of 3.32%

No withdrawal penalties

Not a deposit account, capital at risk, returns not guaranteed

0.55% combined annual fee on GBP reduces gross returns

FSCS applies to the investment, not as a standard deposit guarantee

Rate tracks central bank rate and can fall

3.32% net (GBP, after 0.55% fee), variable rate (not an AER)

Money market fund, not a savings deposit account

Multi-currency: GBP, USD, EUR

FCA regulated by Wise Assets UK Ltd (reg. 839689)

Verified against wise.com/gb/interest, 18 August 2026

Our Verdict on Wise Business Interest

Be clear on what this is before anything else: Wise Interest is a money market fund managed with BlackRock, not a savings deposit. Your capital is at risk, and the net yields: 3.32% GBP, 3.44% USD, 2.02% EUR after fees, are variable, not guaranteed.

We rate it a useful home for idle multi-currency cash if you already run Wise. Returns are added every working day and stay accessible. Just don’t mistake it for an FSCS-protected savings account; the protection here is different.

Your money buys units in one of three BlackRock Institutional Cash Series (ICS) money market funds, by currency: the ICS Sterling Government Liquidity Fund (GBP), the ICS US Treasury Fund (USD) and the ICS Euro Government Liquidity Fund (EUR), each holding short-term government-backed assets.

How your money is protected. This is the part to get right, because three different regimes apply depending on where the cash sits.

Key Pros and Cons

You get a competitive, liquid return across three currencies in one place, and we rate that breadth highly.

What you give up is the deposit guarantee. It’s an investment, so capital’s at risk, and protection is the FSCS investment limit of £85,000, not the £120,000 deposit scheme.

You’d still choose it for international cash, with eyes open. The catch is the risk profile, not the rate.

• Net yields after fees: 3.32% GBP, 3.44% USD, 2.02% EUR (variable).
• Returns added every working day and accessible at any time.
• Multi-currency: GBP, USD and EUR in one Wise account.
• BlackRock-managed money market funds: ICS Sterling Government Liquidity (GBP), ICS US Treasury (USD) and ICS Euro Government Liquidity (EUR).

• Not a deposit: capital is at risk and returns aren’t guaranteed.
• FSCS investment cover £85,000, not the £120,000 deposit limit.
• Annual fee of 0.55% (GBP) is deducted from the gross yield.
• Yield is variable and tracks short-term rates, so it can fall.

Who Wise Savings Is Best For

You’ll get the most from Wise Interest if you already hold GBP, USD or EUR on Wise and you want that idle cash earning rather than sitting flat. The multi-currency angle is something no UK deposit account we reviewed offers.

An importer holding USD and EUR balances can switch on Interest, so the cash earns between a client paying in and a supplier being paid.

Look elsewhere if you want a guaranteed, FSCS-protected deposit and can’t accept capital at risk. A specialist savings bank such as Allica or Cynergy gives you the £120,000 deposit guarantee Wise can’t.

Wise Savings Account Eligibility and Application

Who Can Open a Wise Savings Account

You can use Wise Interest if you hold a Wise Business account, and the fund is available in GBP, USD and EUR. It’s provided as an investment by Wise Assets UK Ltd, a subsidiary of Wise Payments, not by a deposit-taking bank.

Wise cannot onboard every business type, so the option depends on your business: if you do not see it in your account, Wise cannot offer it to you.

You won’t open it as a standalone product. It lives inside the Wise account you already run, so the multi-currency account comes first and Interest is a feature you switch on per currency.

What You Need to Apply

Application for Wise Business is online, and you’ll need your business details plus identity verification for the owners and directors. Wise runs the standard checks, and there’s a one-off £50 set-up fee for its Business feature set.

Once your account is live, you enable Interest on a currency balance in a few taps, with no separate application. You move money into the fund from that balance whenever you choose.

Read the risk disclosures before you switch it on, because it’s an investment decision, not a deposit. Be sure you’re comfortable holding a money market fund before you move your VAT or payroll reserve into it.

Wise Savings Account Fees and Pricing

Monthly Fees and Plan Options

You don’t pay a monthly plan fee for Interest itself; the cost is an annual fee taken from the fund’s gross yield, made up of a Wise service fee plus a 0.10% BlackRock fund-manager fee. It totals 0.55% on GBP, 0.28% on USD and 0.26% on EUR.

The rates we quote are already net of those fees, so 3.32% GBP is what you actually earn after the 0.55% is deducted. There are no tiers or plans to choose; the fee depends only on the currency.

Weigh that fee against a fee-free deposit account, which charges nothing on the balance. That is the cost of the multi-currency flexibility.

What that means in cash. At the 3.32% net GBP rate Wise showed on 5 August 2026, a full year at the same rate would earn roughly the following, before any tax:

Transaction Fees and Charges

You won’t pay a withdrawal penalty to move money out of the fund; returns aren’t locked away, and you can sell back to your balance at any time. The combined annual fee is the only charge on the holding itself.

You’ll pay Wise’s usual FX fee to move cash between currencies on the wider account, but that’s separate from the fund. When you pay a supplier, you sell back to your balance first; there’s no exit charge on the Interest holding.

Wise Savings Features and Business Banking Tools

Invoicing and Expense Management

There is far more around this fund than a standalone savings account offers, because it sits inside the Wise multi-currency account. The same account handles invoicing, batch payments to suppliers, and team expense cards.

The advantage is that Interest sits alongside the currencies you already receive and spend through Wise. A EUR invoice can go into the EUR fund to earn while it waits, then come back out to pay a supplier, all without leaving Wise.

You won’t replace full accounting software with it, but for an international business the combination of multi-currency payments and an interest-bearing fund in one place is unusual among the options we reviewed.

Integrations and Accounting Software

You can connect Wise to the main accounting platforms, so the returns the fund earns and the payments around it flow into your books. Wise integrates with Xero, QuickBooks and Sage rather than keeping your data siloed.

That keeps your multi-currency cash and your bookkeeping joined up. When your accountant reconciles the quarter, the fund returns and the FX transactions land in the same feed, which matters more when you’re juggling three currencies.

We rate that connected setup as an edge over a standalone deposit account that sits outside your accounting software. Here the cash, the payments and the books stay in one system.

Wise Savings Card Usage and Payments

Spending, Transfers and Limits

You don’t spend directly from the fund, and there’s no separate card for it; it’s an investment holding, so money moves by transfer within Wise. Your Wise card and payments draw on your ordinary balance, not the Interest holding.

Moving cash in and out carries no withdrawal penalty. As a Business customer you can transfer up to £500,000 equivalent a day out of Interest without delay; larger amounts take up to two working days. The fund holds each currency separately, so you choose GBP, USD or EUR to put to work.

When a supplier invoice lands and you need the cash, you sell back to your balance and pay out as normal. There’s no fixed minimum that affects most businesses, and Wise notes that access could be limited in unusually unstable markets.

Overseas Payments and FX Fees

Treat overseas payments as the wider Wise account’s job, not the fund’s. This is where Wise earns its reputation: when you pay an overseas supplier, Wise converts near the mid-market rate with a transparent, low FX fee.

The fund itself doesn’t convert currency; it holds GBP, USD or EUR separately, and you earn the relevant net yield on each. For a business settling foreign invoices monthly, that pairing of low-cost FX and an interest-bearing balance is the advantage, which a sterling-only deposit cannot offer.

Wise Savings Customer Reviews and Ratings

Read the headline score in context, because it isn’t about the Interest fund. When we checked in August 2026, Wise held around 4.3 out of 5 on Trustpilot from more than 280,000 reviews; an excellent rating, earned mostly by its money-transfer service.

When we read the reviews, most of the praise was for the speed and transparency of Wise’s currency conversion and payments. Few reviews discuss Interest directly, so the score mainly tells you how customers rate the wider Wise platform.

This is a payments business built around multi-currency money movement. When you pay an overseas supplier or chase a foreign invoice, that core competence is what makes the interest-bearing balance useful.

Alternatives to Wise Interest

Wise Interest is one of very few products that earn a return on GBP, USD and EUR at once in a single account. If multi-currency is not your priority, several dedicated savings accounts beat it on rate and offer full FSCS deposit protection.

If you already bank with Monzo Business or Starling Bank, built-in savings pots may cover your needs without a separate application. Neither matches the AER on a dedicated account, but keeping everything in one place still appeals to businesses that value simplicity.

Choose Wise Interest if your business holds multiple currencies and you want all of them earning. Choose a dedicated savings account if you want FSCS deposit protection, a guaranteed-rate option, or simply the highest GBP yield.

Final Verdict

FAQs