Introducing Yield: a flexible way to grow your multi-currency cash balances with competitive returns

Shannon Scott5 minutes
Company newsFinance
Introducing Yield: a flexible way to grow your multi-currency cash balances with competitive returns

For the better part of the past decade, businesses have been sitting on idle cash with limited opportunity to generate compelling returns, due to both historical low interest rates and the limitations of legacy financial systems. As rates have risen, opportunities have grown, but businesses still have limited choices beyond restrictive term deposits for AUD and little-to-no returns on non-AUD balances. As a result, businesses with money raised or revenue earned in foreign currencies have been left at a disadvantage. 

Meet Airwallex Yield - a new and flexible means of earning competitive returns on multi-currency balances. This means a greater opportunity to invest in growth initiatives, pay down debt, or simply to boost your bottom line without having to worry about taking on high risk. 

Airwallex customers in Australia will now have the opportunity to earn up to three times the returns on their AUD funds compared to big banks and for the first time earn returns on USD through Airwallex’s investment in JP Morgan’s low-risk money market funds. It's a more flexible alternative to term deposits and provides the opportunity to earn higher returns than a traditional savings account. Plus you can invest in Yield directly from your existing Airwallex Wallet cash balances, making it easy to get started and move money when you need short-term liquidity.  

With Airwallex Yield, you’ll be able to:

  • Earn market-leading returns on your AUD and USD balances. Airwallex Yield currently offers 3.63% returns on AUD balances and 3.99% returns on USD balances, compared to an average of 1.38% for business saver accounts with the big banks for AUD and 1.50% for USD*.

  • Benefit from no minimum lock-up period or penalties. You can move your money in and out of your Airwallex Yield account as needed, without any penalties. 

  • Grow your funds with a low-risk, highly graded liquid investment with Airwallex’s investment into JP Morgan Liquidity Funds

Imagine the possibilities:

  • With Airwallex Yield, you can finally earn a decent return on your surplus cash, without having to sacrifice flexibility or liquidity.

  • You can use your extra earnings to invest in your business, grow your team, or simply give yourself a little more financial breathing room.

  • And because Airwallex Yield is easy to use, you can spend less time managing your finances and more time doing what you love, which is running your business.

Qualifying businesses with a minimum investment of $500K AUD or USD equivalent can open up an Airwallex Yield account today. Yield will be available to all customers regardless of investment size early next year and to customers in additional markets in 2024. Learn more and join the waitlist here.

*Disclaimer: This information doesn’t take into account your objectives, financial situation, or needs. If you are a customer of Airwallex Capital Pty Ltd (AFSL No. 549026), it is important for you to read the Product Disclosure Statement (PDS) for Airwallex Yield, which will be made available to you at the time of onboarding. Airwallex Yield is brought to you by Airwallex Capital Pty Ltd (AFSL No. 549026). All investments carry risk. *Target returns are after fees and accurate and updated as at 9 April, 2024 (AEDT).

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Shannon Scott
SVP, Global Head of Product

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