When you make a return using Wise Interest, you pay two fees: a Wise fee, also known as the service fee, and a fund manager fee.
The Wise fee
We calculate this fee daily based on the amount you hold and we charge it on the first day of the following month.
We’ll always take the service fee from a balance — we don’t charge it to Jars. If you've got a Jar set to Interest, we’ll charge the fee to your balance that’s in the same currency.
If you don’t have enough money in your balance to pay the fee, we’ll take it from another one that does have money in it.
| Your country | Currency | Fund and fund manager | Annual Wise fee |
|---|---|---|---|
| UK | GBP | BlackRock ICS Sterling Government Liquidity Fund Premier Acc T0 (GBP) Managed by BlackRock* | 0.46% |
| EUR | BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock | 0.17% | |
| EUR | [JPMorgan Liquidity Funds - EUR Government CNAV Fund] (https://am.jpmorgan.com/dk/en/asset-management/liq/products/jpm-eur-government-cnav-w-t0-acc-lu2757993600) Managed by JPMorgan Asset Management | 0.13% | |
| USD | BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock | 0.19% | |
| Select EEA countries (check availability) | GBP | BlackRock ICS Sterling Government Liquidity Fund Premier Acc T0 (GBP) Managed by BlackRock* | 0.46% |
| EUR | BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock | 0.17% | |
| USD | BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock | 0.19% | |
| USD | JPMorgan Liquidity Funds - USD Treasury CNAV Fund Managed by JPMorgan Asset Management | 0.15% | |
| Singapore | SGD | LionGlobal SGD Money Market Fund Managed by Lion Global Investors Ltd. | 0.427% |
| USD | FTGF Western Asset US Government Managed by Franklin Templeton | 0.08% | |
| Australia | AUD | Franklin Government Cash Fund Managed by Franklin Templeton | 0.569% |
| USD | Franklin Government Cash Fund (USD) Managed by Franklin Templeton | 0.569% |
*Customers opening a balance or jar after 14th of February 2024 will invest in one of two available share classes of the same BlackRock ICS Sterling Government Liquidity Fund. Either 'Premier Acc (GBP) (Accumulating) IE00B43PVC83' OR 'Premier Acc T0 (GBP) (Accumulating) IE00B40L6351'
For customers in Singapore and Australia, the Wise fee is inclusive of GST.
The fund manager fee
The fund management fee is charged by the fund manager. It’s automatically reflected in the value of your investment, so you’ll never see it charged to your Wise account.
| Your country | Fund and fund manager | Annual fund manager fee |
|---|---|---|
| UK** and selected EEA countries | BlackRock ICS Sterling Government Liquidity Fund Premier Acc T0 (GBP) Managed by BlackRock*** | 0.10%** |
| BlackRock ICS Sterling Government Liquidity Fund Premier Acc T1 (GBP) Managed by BlackRock*** | 0.10%** | |
| JPMorgan Liquidity Funds - EUR Government CNAV Fund Managed by JPMorgan Asset Management | 0.16%** | |
| BlackRock ICS Sterling Government Liquidity Fund Premier Acc T0 (GBP) Managed by BlackRock*** | 0.10%** | |
| BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock | 0.10%** | |
| JPMorgan Liquidity Funds - USD Treasury CNAV Fund Managed by JPMorgan Asset Management | 0.16%** | |
| Singapore**** | LionGlobal SGD Money Market Fund Managed by Lion Global Investors Ltd. | 0.25% |
| FTGF Western Asset US Government Liquidity Fund Managed by Franklin Templeton | 0.60% | |
| Australia | Franklin Government Cash Fund Managed by Franklin Templeton | 0.15% |
| Franklin Government Cash Fund (USD) Managed by Franklin Templeton | 0.15% |
**In the UK and EEA, BlackRock provides Wise with a rebate of 0.04%. JPMorgan Asset Management provides Wise with a rebate of 0.08%. Wise passes this saving on to you through a reduced Wise fee.
***Customers opening a balance or jar after 14th of February 2024 will invest in one of two available share classes of the same BlackRock ICS Sterling Government Liquidity Fund. Either 'Premier Acc (GBP) (Accumulating) IE00B43PVC83' OR 'Premier Acc T0 (GBP) (Accumulating) IE00B40L6351'
****In Singapore, Lion Global Investors Ltd provides Wise with a rebate of 0.125% and Franklin Templeton provides Wise with a rebate of 0.30%. Wise passes this saving on to you through a reduced Wise fee.
An example of how the fees work
If you are a customer in the UK and you invest 1,000 GBP for a year — and the fees stay the same — the total fees spread over the year would be £5.60. This £5.60 is made up of the 0.46% Wise fee (£4.60) and the 0.10% fund manager fee (£1).
The Wise fee is the only fee you’ll actually pay out of your Wise account, though — the fund manager fee is just included in the value of your investment.
If you live in the US, this guidance doesn’t apply to you. Find out about earning interest on your Wise USD balance if you live in the US.