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Wise Interest and Stocks: What countries is it available in? Alternatives

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Fact checked by
Franklin Silva
Updated
May 20, 2024

Wise is a financial technology company based in London that was founded in 2011. Wise was launched to make international money transfers cheap, fair, and simple.

Currently, Wise offers a variety of features, such as sending and receiving money, holding balances in multiple currencies, using a debit card for spending, and even the option to open a cost-effective Wise Business account, all in the same place.

Also, it introduced an “Interest and Stocks” option, but is it available in your country? Do you have better alternatives? In this article, we will answer both questions!

Which countries can invest in Stocks at Wise?

Although Wise operates in 70+ countries, it’s important to note that investing in stocks is not available in all regions. Wise offers stocks as part of their Assets product. Currently, Stocks are only available in the UK, Singapore and some regions of the European Economic Area – EEA (Austria, Denmark, Estonia, Finland, France, Germany, Luxembourg, Netherlands, Norway, Spain and Sweden). 

With Assets, you can decide how you would like to hold the money in your Balances or Jars. Currently, you can choose Cash, Interest or Stocks. If you choose to hold your money as Stocks, Wise will invest all of the Balance or Jar1 in a fund they have chosen.

It is important to note that, with Business Wise accounts, not all types of businesses can do these operations. If you have a business account and do not see the option to switch a Jar or Balances to Interest or Stocks, Wise can’t onboard your business.

UK

Stocks are available to UK residents, both consumers and businesses; however, British overseas territories are currently not included in this offering. If your address is in the UK, you have the option to switch your Balances and Jars to:

Assets Fund
Stocks iShares World Equity Index Fund (LU) Class N2 EUR Managed by BlackRock

EEA

Stocks are available to consumers and businesses that are residents in the EEA, which includes Austria, Denmark, Estonia, Finland, France, Germany, Luxembourg, Netherlands, Norway, Spain and Sweden.

If your address is in one of the countries listed above, you can switch your Balances and Jars to:

Assets Fund
Stocks iShares World Equity Index Fund (LU) Class N2 EUR Managed by BlackRock

Singapore

Stocks are available for residents and businesses located in Singapore. If your address is within Singapore, you have the option to switch your Balances and Jars to:

Which countries can earn Interest at Wise?

As with Stocks, Interest is only available in select regions. Wise offers interests as part of their Assets product. As of this writing, Interest is only available to UK, Singapore and some EEA residents (Austria, Estonia, Finland, France, Germany, Hungary (in beta), Luxembourg, Netherlands, Norway, Spain and Sweden).

Wise allows you to manage your funds in the Assets service. When opting for Interest, Wise will invest all of your money in the Jar or Balance in the interest-earning fund they have chosen, depending on the currency.

It’s crucial to highlight that not all business types on Wise can access these features. If you hold a business account and don’t see the option to switch a Jar or Balances to Interest or Stocks, it indicates that Wise cannot currently onboard your business for these operations.

UK

Just like Stocks, Interests are available to consumers and businesses who are residents in the UK (British overseas territories not included). If you are a UK resident, you can switch your Balances and Jars to:

Assets Fund
Interest-earning fund (GBP) BlackRock ICS Sterling Government Liquidity Fund Premier Acc (GBP) Managed by BlackRock
Interest-earning fund (EUR) BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock
Interest-earning fund (USD) BlackRock ICS US Treasury Fund Premier ACC (USD) Managed by BlackRock

EEA

Interests are available to consumers and businesses that are residents in Austria, Estonia, Finland, France, Germany, Hungary (in beta), Luxembourg, Netherlands, Norway, Spain and Sweden.

If your address is in one of the countries listed above, you can switch your Balances and Jars to:

Assets Fund
Interest-earning fund (GBP) BlackRock ICS Sterling Government Liquidity Fund Premier Acc (GBP) Managed by BlackRock
Interest-earning fund (EUR) BlackRock ICS Euro Government Liquidity Fund Premier Acc T0 (EUR) Managed by BlackRock

Singapore

Interests are available to consumers and businesses that are residents in Singapore. If you are a Singaporean resident, you can switch your Balances and Jars to:

Assets Fund
Interest-earning fund (SGD) LionGlobal SGD Money Market Fund SGD Class A Managed by Lion Global Investors Ltd.
Interest-earning fund (USD) FTGF Western Asset US Government Liquidity Fund A USD ACC Managed by Franklin Templeton

Which countries can earn Cashback at Wise?

Currently, Wise is offering balance cashback to all customers in the European Economic Area (EEA).

Although being an EEA customer is not enough to receive cashback, you must be aware of some requirements. 

You will receive cashback for any funds and jars with a positive balance of EUR, GBP and USD held in your Wise account.

Although some cases do not allow you to receive cashback, as follows:

Source: Wise

How is Cashback calculated?

Wise provides monthly cashback on balances tied to EUR, GBP, and USD in your Wise account. It’s important to note that the cashback rate is variable. In January 2024, Wise offered an annualised cashback rate of:

  • 3.65% for EUR
  • 4.70% for GBP
  • 5.10% for USD

Wise Alternatives for Stocks and Interest

As Wise faces significant limitations in the provision of stocks and interests, our team has compiled a list of top platforms to evaluate as potential alternatives. These platforms boast a broader range of investment offerings, effectively addressing the limitations posed by Wise.

Award Winner

Interactive Brokers logo
#1 Best alternative overall
Min. deposit of €/$0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Minimum deposit$0
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
Products offeredStocks, ETFs, bonds, Forex, funds, commodities, options, futures and CFDs
Interest on uninvested cash4.83% in USD, 3.395% in EUR, 4.769% in GBP
Fractional sharesYes
Visit BrokerRead review

Award Winner

eToro logo
#2 Best for commission-free investing
Min. deposit of $10 (varies between countries)
Offers interest on uninvested cash balances
Demo account
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Minimum deposit$10 (varies across countries)
RegulatorsFCA, CySEC and ASIC.
Products offeredStocks, ETFs, Cryptos, and CFDs on Stocks, ETFs, Commodities, Forex, Indices, and Cryptocurrencies
Interest on uninvested cashUp to 5.3% in USD
Fractional sharesYes
Visit BrokerRead review

51% of retail CFD accounts lose money.

Award Winner

Saxo Bank logo
#3 Best for experienced investors
Excellent reputation
Wide range of assets covered
Offers interest on uninvested cash balances
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply - not available in the USA)
Minimum depositVaries between countries ($2,000 in most)*
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.
Products offeredStocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, Forex, Forex options, crypto FX, CFDs and commodities
Interest on uninvested cashUSD: Up to 4.08%; EUR: Up to 2.66%; GBP: Up to 3.95% (as of June 2024)
Fractional sharesNo
Visit BrokerRead review

62% of retail CFD accounts lose money.

Wise Interest and Stocks: What countries is it available in? Alternatives 1
#4 Best similar alternative
Users can hold and transact in multiple currencies
Provide competitive and real-time Fx rates
User-friendly interface app
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesEEA, Australia, New Zealand, Singapore, Japan, Brazil, Switzerland, the UK and the US
Minimum deposit$0
RegulatorsFCA, Bank of Lithuania, ASIC, SEC, FINRA, MAS
Products offeredStocks, ETFs, Crypto, MMFs and Commodities
Interest on uninvested cashRevolut US: Up to 4.25% in USD; Revolut International: 0%
Fractional sharesYes
Visit BrokerRead review

Investing involves risk of loss.

Award Winner

Lightyear logo
#5 Best for beginners investors
Low commission on stock trades
High interest on uninvested cash
Quick account opening process
See broker summary
Visit BrokerRead review
Broker summary
Supported CountriesEurope - with EUR as base currency (+GBP and HUF)
Account Minimum€/$/£1
RegulatorsESFA and FCA (as an Appointed Representative)
Products and MarketsStocks, ETFs and MMFs.
Interest on uninvested cashEUR: 3.00%, GBP: 4.50%, USD: 4.50% (as of June 2024)
Fractional sharesYes (only for US Shares)
Visit BrokerRead review

Terms apply, seek guidance if necessary. When you invest, your capital is at risk.

Award Winner

Webull logo
#6 Best for Low-Cost US Broker
Min. deposit of $0
Commission-free trading
Wide range of assets covered
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesUS, Australia, Hong Kong, Japan, Singapore and South Africa
Minimum deposit$0
RegulatorsSEC
Products offeredUS stocks, ETFs, Over-the-counter (OTC) securities, and options
Interest on uninvested cashUSD: 5.00%
Fractional sharesYes
Visit BrokerRead review
Broker Stocks Available? Stocks Country Availability Interest Available? Interest Country Availability
Wise ✔️ UK, EEA (Austria, Denmark, Estonia, Finland, France, Germany, Luxembourg, Netherlands, Norway, Spain and Sweden) and Singapore ✔️ UK, EEA (Austria, Estonia, Finland, France, Germany, Hungary (in beta), Luxembourg, Netherlands, Norway, Spain and Sweden) and Singapore
IBKR ✔️ Worldwide (exception apply) ✔️ Worldwide (exception apply)
eToro ✔️ Worldwide (exception apply)
Saxo Bank ✔️ Worldwide (exception apply) ✔️ Worldwide (exception apply)
Revolut ✔️ European Economic Area (EEA), Australia, New Zealand, Singapore, Japan, Brazil, Switzerland, the UK, and the US. ✔️ European Economic Area (EEA), Australia, New Zealand, Singapore, Japan, Brazil, Switzerland, the UK, and the US.
Lightyear ✔️ UK and EEA (excluding Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania and Sweden) ✔️ UK and EEA (excluding Bulgaria, Croatia, Czech Republic, Denmark, Poland, Romania and Sweden)
Webull ✔️ United States, Hong Kong, China, Singapore, Japan, the UK, and Australia ✔️ United States, Hong Kong, China, Singapore, Japan, the UK, and Australia

Bottom Line

Wise introduced investment options through its Assets product, allowing users to choose between Cash, Interest, or Stocks for their Balances or Jars. However, it’s essential to acknowledge that not all business types can access these features. The availability of Stocks and Interest varies across regions, with specific eligibility criteria for countries within the UK, EEA, and Singapore.

However, Wise is limited in terms of regions where it offers Assets and its overall product range. In this article, we’ve highlighted some of the best alternatives to Wise, in our opinion, such as eToro, Interactive Brokers, Saxo Bank, Revolut, Lightyear, and Robinhood.

Each alternative has pros and cons that should be carefully considered before deciding. These platforms provide a broader investment opportunity and cater to diverse investor preferences, offering valuable alternatives for users seeking a more extensive range of financial services beyond Wise’s current offerings.

FAQs

What happens if I hold my money in Interest or Stocks and I move to another country?

As a general rule, when relocating from another country, you can continue adding funds to your Wise balance or Jars, and Wise will manage your investments seamlessly. However, it’s essential to note that converting your balance and Jars into interests or stocks is only possible when you are in a country where Wise provides these operations. Additionally, be aware that once you convert your balance and Jars into cash, you won’t have the option to switch it back to interests and stocks.

It is important to mention that if you’re heading to Brazil or the US, Wise will sell all your units upon updating your address to convert your balance and Jars into cash. Similarly, if you’re moving from Singapore to Canada, Wise will sell all your units of USD interest and convert them into cash.

Is Wise Interest and Stocks available in the USA?

Not at this time. Due to the regulatory framework governing their fund partner, Wise are unable to onboard individuals who are US citizens or taxpayers. Additionally, if you hold dual citizenship with the US, you cannot convert your Balances and Jars to Interest or Stocks.

Is Wise Interest and Stocks available in Africa?

No, Wise Interest and Stocks is not available in any African countries, such as Angola or South Africa.

Is Wise Interest and Stocks available in Asia?

Only in Singapore. It is not available in other countries, such as Thailand, India and Indonesia.

Is Wise Interest and Stocks available in South America?

No, Wise Interest and Stocks is not available in South America. This includes Mexico, Brazil and Argentina.

Is Wise Interest and Stocks available in the MENA region?

No, it is not available in the UAE and other countries.


1A jar is a place in your Wise account where you can stash away money you want to use later, in any currency.

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About the author
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Mariana Vilaça
Fintech Analyst

Mariana is currently a finalist in Management and she also serves as a digital ambassador for Ernst & Young. Mariana's primary areas of interest revolve around the exact sciences, numbers, and the financial sector.

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