Wise Business Savings Review 2026: Rates, Risk and Who It Suits
Wise Interest: ~3.23% net GBP yield (after 0.55% fee) inside the Wise Business app — a money market fund, not a bank deposit; capital at risk, FSCS up to £85,000 on the investment.
- ~3.23% net GBP yield (after 0.55% annual fee). Not a savings account.
- Money market fund — capital at risk. FSCS up to £85,000 on the investment.
- Daily crediting. Instant access. Existing Wise Business users only.
Wise Interest pays ~3.23% net GBP yield on cash held in a Wise Business account after a 0.55% annual management fee. That’s the headline. The critical point: this is not a savings account. It’s a money market fund. Capital is at risk. Returns are variable.
We reviewed Wise Interest at wise.com/gb/interest in May 2026. If you already use Wise for international payments and hold idle GBP, USD, or EUR, enabling Interest takes two minutes. If you need FSCS-protected bank deposit cover, Allica Bank (4.08% AER) is the stronger choice.
Wise Business Savings at a Glance
Our Verdict
For existing Wise users with idle multi-currency cash: enabling Interest is the most convenient way to earn yield without a separate account. For businesses not on Wise, bank-based alternatives pay more and carry less risk.
We compared Wise Interest against leading instant-access bank deposits. The 3.23% net rate is below Allica’s 4.08% AER. The FSCS investment cover (£85,000) is lower than the £120,000 deposit protection at Allica, Aldermore, and ClearBank-backed providers. That gap matters if FSCS deposit cover is important to you.
Best For
- Businesses already on Wise with idle GBP, USD, or EUR balances
- International businesses who want multi-currency yield in one account
- Users comfortable with money market fund risk (not capital-guaranteed)
Not Ideal For
- Businesses not already on Wise — no rate or protection advantage over open-eligibility bank deposit providers
- Those who need FSCS deposit protection — Wise Interest is an investment, not a deposit
- Businesses wanting a guaranteed rate — money market yields fluctuate with central bank rates
Key Facts
Rate (GBP) ~3.23% net (after 0.55% fee) — variable Access Instant — funds stay in Wise Business account Product type Money market fund — not a bank deposit FSCS £85,000 (investment scheme) Annual fee 0.55% GBP — deducted from yield daily Interest Daily (each working day) Eligibility Wise Business account holders only Multi-currency GBP, USD, EUR
What Is Wise Business Savings and How Does It Work?
How the Account Works
Wise Interest routes your GBP, USD, or EUR balance into money market funds managed by BlackRock. When you enable it, your cash is allocated to fund units rather than sitting idle. Returns accrue daily and are added to your Wise balance each working day.
The GBP fund is the BlackRock Institutional Sterling Liquidity Fund, rated AAA by Moody’s and S&P. It invests in short-duration, high-quality instruments: UK Treasury bills, bank deposits, and commercial paper with short maturities. The fund is designed to maintain a stable net asset value, but it is not capital-guaranteed.
This is not a bank savings account. The 3.23% net rate is a yield based on 7-day fund performance, not a quoted AER in the deposit-account sense. Returns can fall if central bank rates fall. Capital is at risk, however small that risk is for a AAA-rated money market fund.
How Deposits and Withdrawals Work
Enable or disable Interest directly in the Wise Business app or web dashboard. There’s no separate application, no notice period, and no transfer out to a separate account. Your funds stay in Wise — they’re just allocated to the fund when Interest is enabled.
When a supplier invoice arrives at month-end and your cash flow needs to cover it, you pay directly from your Wise balance; the Interest allocation doesn’t create a delay. Funds are immediately accessible for Wise transfers, currency conversion, and card payments.
How Interest Is Earned
Returns accrue daily and are credited to your Wise balance each working day — unlike most bank savings accounts that credit monthly. For businesses monitoring cash flow closely, this daily crediting is a minor practical benefit.
The rate is published as net annual equivalent after the 0.55% fee for GBP (0.28% for USD, 0.26% for EUR). The fee is deducted from the fund yield, not charged to your account separately.
Wise Business Savings Products
Available Savings Options
Wise offers Interest across three currencies: GBP (~3.23% net), USD (~3.41% net), and EUR (~1.75% net) as of May 2026. All three can earn simultaneously inside one Wise Business account. Rates are based on 7-day fund performance and change regularly.
Currency Net rate Annual fee Fund provider GBP ~3.23% net 0.55% BlackRock Sterling Liquidity Fund USD ~3.41% net 0.28% BlackRock USD Liquidity Fund EUR ~1.75% net 0.26% BlackRock EUR Liquidity Fund
Key Differences Between the Available Accounts
All three currency funds use the same structure: money market fund, daily crediting, instant access, FCA-regulated under Wise Assets UK Ltd. USD earns a higher net rate than GBP because the fee (0.28%) is lower and US base rates remain elevated. EUR earns the lowest rate at ~1.75% net.
Which Businesses Each Option May Suit
GBP Interest suits UK-based businesses with idle sterling not immediately needed for payments. USD Interest suits businesses receiving dollar revenue who hold USD balances in Wise. EUR Interest suits businesses with EU clients who regularly hold euro balances.
If you run payroll from a UK bank account and your Wise balance is only for international transfers, the GBP fund is where the most UK-relevant yield sits.
Rates and Returns
Current Interest Rates
The GBP fund pays ~3.23% net per year after Wise’s 0.55% annual management fee. The gross yield is approximately 3.78%. Returns are based on the fund’s 7-day performance, not a fixed AER.
We verified the rate at wise.com/gb/interest in May 2026. It’s below Allica Bank (4.08% AER) and Aldermore 1-year fixed (4.16% AER). The gap is real and worth factoring into your decision.
Fixed vs Variable Rate Structure
Wise Interest is entirely variable. The rate tracks the underlying money market fund performance, which in turn tracks central bank base rates and short-term market conditions. There is no fixed-rate option and no guaranteed minimum.
If the Bank of England cuts rates, your cash flow between billing cycles earns less. This is a structural feature of money market funds — they move with rates rather than offering the certainty of a fixed-term deposit.
How and When Interest Is Paid
Returns are credited to your Wise balance every working day. On a typical month of 21 working days, you’ll see 21 small credits. This distinguishes Wise Interest from bank savings accounts that credit monthly — a minor benefit for daily cash flow monitoring.
What Can Change the Rate
The GBP yield changes when the Bank of England base rate changes, when short-term money market rates shift, or when the fund’s portfolio adjusts. Wise can also adjust its management fee, which directly affects the net rate. There is no rate floor and no notice period before a rate change.
Explore Wise Business Interest
Fees and Charges
Account Fees
There’s no separate savings fee. The only cost is the annual management fee: 0.55% for GBP, 0.28% for USD, 0.26% for EUR. It’s deducted from the fund yield daily — reducing your net rate, not billed separately.
Deposit and Withdrawal Fees
No deposit or withdrawal fee for Wise Interest. Enabling and disabling the feature is free. Withdrawing cash from Wise to a UK bank account is subject to standard Wise transfer fees, but the Interest feature itself carries no additional charge.
Transfer and Transaction Fees
No transfer fee within Wise. Funds earning Interest can be sent, converted, or used for card payments at the same speed and fee structure as any other Wise balance.
Other Charges to Watch
The 0.55% GBP fee is the main cost to track. On £100,000, that’s £550 per year — leaving a net yield of ~£3,230. Allica Bank earns £4,080 on the same balance with no management fee.
We ran the numbers at £50,000: Wise yields ~£1,615 net; Allica yields ~£2,040. The fee adds up. It’s not a dealbreaker for existing Wise users, but it matters if you’re choosing a provider.
Eligibility and Deposit Requirements
Who Can Open an Account
Wise Interest is available to UK-registered businesses holding a Wise Business account: sole traders, limited companies, and partnerships. We confirmed eligibility at wise.com/gb/interest in May 2026. You don’t need to apply separately — enable it directly from the Wise Business app or web dashboard.
Non-Wise businesses cannot access Wise Interest without first opening a Wise Business account. If your business doesn’t already use Wise for multi-currency payments, the rate and protection on offer don’t justify opening an account solely for the Interest feature.
Minimum and Maximum Deposit Limits
No stated minimum balance for Wise Interest. The feature applies to whatever GBP balance you hold in Wise. No stated maximum deposit limit, though the FSCS investment cover caps at £85,000.
Ineligible Business Types
Businesses not registered in the UK or ineligible for a Wise Business account cannot access Wise Interest. Non-UK businesses may have access to Wise Interest in their region — check wise.com for local eligibility.
Account Access and User Experience
Online Banking and App Experience
Wise Interest is managed entirely within the Wise Business app (iOS and Android) and the Wise web dashboard. There’s no separate login, no separate account number, and no application form. The Interest toggle is in the account settings section.
The dashboard shows your current yield rate, daily credits received, and total earned to date. The multi-currency view lets you see GBP, USD, and EUR balances side by side with their respective yields.
Managing Savings and Withdrawals
Disabling Interest takes effect the same working day; the balance returns to a standard Wise balance immediately. There’s no withdrawal process — the funds are already in your Wise account and can be sent, converted, or paid out without any additional step.
When a supplier invoice arrives at month-end and your cash flow is tight, you pay from your Wise balance directly — no inter-bank wait, no separate savings transfer, no notice period to serve. That immediacy is the product’s strongest operational argument.
How to Open an Account
Existing Wise Business users: open the app, navigate to the Interest section, and enable GBP Interest. No paperwork. Crediting begins the next working day.
New to Wise: open a Wise Business account first (online, typically approved same-day for UK businesses), then enable Interest. Non-Wise businesses considering Wise purely for Interest should first compare rates and protection against Allica Bank — a bank deposit at 4.08% AER with no account prerequisite and full deposit FSCS.
Security, Regulation and FSCS Protection
Regulation and Authorisation
Wise Payments Ltd is authorised by the FCA as an e-money institution (FRN: 900507). Wise Assets UK Ltd (FRN: 839689) is the FCA-authorised investment firm that manages the Interest feature. The BlackRock money market funds are themselves separately regulated and rated by major credit agencies.
FSCS Protection
Wise Interest is covered by FSCS up to £85,000 as an investment — not as a bank deposit. That’s not the same thing. If you need FSCS deposit protection — the type that applies at Allica Bank, Aldermore, and ClearBank-backed providers — Wise Interest doesn’t provide it.
FSCS deposit cover (up to £85,000 per institution) applies to bank accounts. Wise Interest FSCS cover (up to £85,000) applies to the investment held by Wise Assets UK Ltd. We verified this distinction against the FCA register and FSCS guidance in May 2026.
In practice, if Wise Assets UK Ltd were to fail, you’d have an FSCS investment claim up to £85,000. If the underlying BlackRock fund fell in value, FSCS would not cover that loss — capital risk remains with the fund, not Wise.
Your FSCS investment cover at Wise is separate from any FSCS deposit cover you hold at a UK bank. If you also hold deposits at Allica Bank, those are covered under a different FSCS protection pool.
Safeguarding and Security Features
As an e-money institution, Wise is required to safeguard client funds — holding them separately from Wise’s own assets in accounts at authorised UK banks. We verified Wise’s FCA registration and safeguarding obligations in May 2026. Safeguarding protects against Wise’s insolvency, but not against losses in the underlying funds.
Customer Reviews and Reputation
What Customers Like
We reviewed Wise’s Trustpilot profile in May 2026: 4.3/5 across all products. Positive feedback on Interest focuses on the convenience of earning yield without moving money to a separate account.
Multi-currency users value the ability to earn GBP, USD, and EUR yield simultaneously. No standard bank savings account does that in a single interface.
If you’re paying a supplier in euros at quarter-end and holding EUR in Wise, your float earns yield right up until the payment goes out. That’s the clearest operational win.
Common Complaints
The most common complaint: expecting a fixed, guaranteed rate and seeing the yield change week to week. That’s a fundamental feature of money market funds, not a product failure. The rate tracks central bank rates. When rates fall, your yield falls.
These are product structure issues, not service failures. Wise communicates the variable nature at wise.com/gb/interest. We didn’t find evidence of rate changes being hidden from customers.
Customer Support and Service
Support Channels and Availability
Wise Business support is available via in-app chat and the help centre at help.wise.com. Business accounts have access to dedicated support, though there is no dedicated UK phone line for Interest queries specifically.
Help Centre and Self-Service Resources
The Wise help centre at help.wise.com covers Interest rates, fund structure, FSCS protection, and how to enable or disable the feature. Wise also publishes the current net yield for each currency at wise.com/gb/interest, updated regularly based on 7-day fund performance.
Frequently Asked Questions
Is Wise Interest a savings account?
No. Wise Interest is exposure to money market funds managed by BlackRock. Your cash buys units in the fund; returns are variable and capital is at risk. It behaves like a savings account in terms of access, but it is an investment product, not a deposit.
Is my money FSCS protected with Wise Interest?
Up to £85,000 under the FSCS investment scheme — not the standard deposit scheme. Bank deposit providers such as Allica Bank and Aldermore offer FSCS deposit cover up to £85,000 per depositor per institution (£170,000 for joint accounts), which is a different and often more familiar form of protection.
What is the Wise Interest rate for GBP?
Approximately 3.23% net per year (after the 0.55% annual management fee) as of May 2026. The rate is variable and based on 7-day fund performance. Check the current rate at wise.com/gb/interest before depositing.
Can I use Wise Interest if I’m not already a Wise Business customer?
No. Wise Interest is only available to existing Wise Business account holders. If you’re not already on Wise, providers like Allica Bank (4.08% AER, instant access) offer competitive rates with full bank FSCS deposit protection and no account prerequisite.
Wise Business Savings vs Alternatives
We compared Wise Interest against the leading instant-access and fixed-rate options. ~3.23% net GBP is below the top bank deposit rates. The differentiator is multi-currency yield in a single app — no other provider here offers GBP, USD, and EUR yield simultaneously.
All Cards at a Glance
Compare key features side by side.
| Provider | Best For | Key Feature | Annual Fee | Action |
|---|---|---|---|---|
| International businesses holding GBP, USD, and EUR who already use Wise | Check provider | View Deal → | |
 | Established SMEs wanting FSCS-protected savings with a competitive rate | Check provider | View Deal → | |
 | Limited companies wanting competitive notice or fixed-term rates | Check provider | View Deal → |
Final Verdict: Is Wise Business Savings Worth It?
For existing Wise users with idle GBP, USD, or EUR: yes. Enabling Interest takes two minutes, the daily crediting is a practical plus, and there’s no reason to leave cash sitting idle if you’re already on Wise.
For businesses not already on Wise: the case is weaker. The 3.23% net rate is below Allica Bank (4.08% AER). The FSCS investment cover (£85,000) is lower and differently structured than deposit protection at bank-based providers. Opening Wise solely for Interest is hard to justify.
The bottom line: Wise Interest is a money market fund, not a savings account. If you need capital certainty and standard FSCS deposit cover, Allica Bank is the cleaner answer.
We reviewed Wise Interest at wise.com/gb/interest in May 2026. We sourced rate and fee data from Wise’s published yield page and help centre. We verified FSCS and regulatory status against the FCA register (register.fca.org.uk) and FSCS guidance (fscs.org.uk).
We sourced competitor rates from provider sites in May 2026 and cross-referenced with our verification database. All rates are variable and may have changed since our review date.
BusinessExpert earns a commission if you open a Wise Business account via our links. This does not affect our editorial assessment. Our verdict reflects the product’s suitability for different business types based on rate, protection, and access characteristics.