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 covers the investment up to £85,000, but this is not the same protection as a standard deposit account.

Not ideal if: 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 return3.23% net After 0.55% annual management fee; gross 3.78%

USD net return3.41% net After 0.28% annual fee

EUR net return1.75% net After 0.26% annual fee

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 statusUp to £85,000 on investment FCA regulated under investment rules , not the same as standard FSCS 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 accepted. No minimum balance is required to activate interest.

Not ideal if: 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 covers the investment up to £85,000, but this is not the same protection as a standard deposit account.

Returns added every working day, liquid and flexible

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

FCA regulated, BlackRock-managed money market fund

FSCS protection up to £85,000 on the investment

Competitive GBP net rate of 3.23%

No withdrawal penalties

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

0.55% annual management 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

3.23% net AER equivalent (GBP, after 0.55% fee), variable

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, April 2026

Our Verdict on the Wise Savings Business Bank Account

You should 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: 3.22% GBP, 3.39% USD, 1.8% EUR after fees, are variable, not guaranteed.

We rate it as a genuinely 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.

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: 3.22% GBP, 3.39% USD, 1.8% 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 fund holding government-backed assets.

• 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 the real differentiator no UK deposit account matches.

Say you run an importer with USD and EUR balances. You switch on Interest, so the cash earns between a client paying you and when you pay a supplier. That cross-currency use is exactly where Wise fits.

You should 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. That’s the trade-off.

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.

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. One relationship, not two applications.

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 fee to set up the account.

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 management fee taken from the fund’s gross yield. It’s 0.55% on GBP, 0.28% on USD and 0.26% on EUR.

The rates we quote are already net of those fees, so 3.22% 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.

You should weigh that fee against a fee-free deposit account, because a bank savings account charges nothing on the balance. That’s the real cost of the multi-currency flexibility.

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 annual management 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

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

You’ll feel that proximity for the saver specifically. When a client pays a EUR invoice into your Wise account, you move it into the EUR fund to earn while it waits, then pull it back 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 genuinely hard to match.

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 a real edge over a standalone deposit account that sits outside your accounting stack entirely. 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 money between your balance and the fund is quick and carries no withdrawal penalty, though as an investment a sale settles rather than being strictly instant. The fund holds per currency, so you choose which of 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 no maximum cap on what you can hold in the fund.

Overseas Payments and FX Fees

You should 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 cheap FX and an interest-bearing balance is the genuine advantage. Not the same as a sterling-only deposit.

Wise Savings Customer Reviews and Ratings

You should read the headline score in context, because it isn’t about the Interest fund. When we checked in June 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.

You’ll find what we did: praise for the speed and transparency of currency conversion and payments; the engine the Interest product plugs into. Few reviews speak to the fund directly, so treat the score as a proxy for the platform.

You should read it as a payments business that does multi-currency money movement better than almost anyone. 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 the only product that earns a return on GBP, USD and EUR simultaneously in one 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 the simplicity argument is real for businesses that want to keep everything in one place.

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

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