Source: Wise
Wise introduced a new Interest feature for Canadian businesses and users, allowing its customers to earn a return on balances held in multiple currencies in one account. The Wise Interest feature offers eligible users the ability to earn 2.22% in CAD, 3.14% in USD, 0.8% in EUR and 2.21% in GBP with a Wise multi-currency account.
The financial services company noted you can access the funds instantly, with no minimum balance requirements or lock-up periods. The feature is also easy to activate in the Wise app.