Wise is now offering its US based business and personal customers the opportunity to opt-in to receiving 3.92% APY on their USD balances. This new feature of the Wise Account will allow customers to earn interest on USD balances while keeping the flexibility to send, spend and receive money internationally with instant access to their funds.
Business and personal customers that hold USD will be able to utilize this feature while managing global business growth and operations or personal international financial needs. Plus, those who opt-in to receive interest are eligible for FDIC pass-through insurance up to $250,0002 through Wise’s program bank JPMorgan Chase Bank, N.A.
Wise’s interest feature isn’t a checking or savings account — there are no additional limits to the amount customers can hold in the account and no balance minimums or fees involved. Opting…
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