Airwallex Yield allows clients to earn competitive returns on funds held within their Airwallex Wallet.
Through Airwallex Yield, customers can invest both Australian and US dollars into the Airwallex Yield Liquidity Fund, which invests nearly all of its assets in a low-risk, highly-liquid money market fund managed by JP Morgan Asset Management. Funds can be withdrawn at any time, with most withdrawals settling within 1-3 business days.*
What is a money market fund?
A money market fund is a fund that invests in a range of highly liquid, diversified and low risk assets. Assets in money market funds typically include cash and cash-like investments with short maturities and high ratings such as certificates of deposit, treasury bills and commercial paper.
What is a unit?
In a unit trust structure, when you invest your money, it is pooled with other investor funds. Each currency class unit represents an equal share in the net assets of the Fund, however, no investor in the respective currency class units is entitled to any specific (or part of an) asset of the Fund. The rights of unitholders are set out in the Constitution which can be found in the Product Disclosure Statements.
What Currencies am I able to earn a return on?
🇦🇺 AUD 3.93% (as of 3rd March 2025)
🇺🇸 USD 3.94% (as of 3rd March 2025)
Returns are earned daily and are reflected in your Yield balances. Target returns represent annualised rates of return net of fees. See the Product Disclosure Statements for more information.
What does Airwallex Yield actually invest in?
Airwallex Yield Liquidity Fund invests nearly all of its assets in JP Morgan money market funds, which in turn invests in a wide variety of highly liquid and low-risk assets. These assets include bonds issued by central banks like the US Federal Reserve and the Reserve Bank of Australia, as well as short-term assets from major international banks. Some examples of current assets include:
- Medium-term ANZ Bank notes
- Barclays Bank commercial paper
- Bank of Tokyo Certificates of Deposit
Both the underlying AUD and USD funds have received the highest ratings from top rating agencies, including an ‘AAAm’ rating from Standard & Poors, which indicates an extremely strong capacity to maintain principal stability and limit potential losses due to credit risk. Most of the funds' assets are highly liquid, maturing within 60 business days.
How does Airwallex keep my assets safe?
Airwallex Yield is a managed Investment scheme product and all investments carry risks.
While Yield is not a savings account and is not covered by the Financial Claims Scheme (FCS) or the Australian Government Guarantee Scheme, money market funds are generally considered low risk. The Airwallex Yield Fund is a feeder fund and its rates closely track those of the underlying JPMorgan Liquidity funds, which closely follows the local cash rate and is AAA-rated.
Customer funds invested in Airwallex Yield are always segregated from Airwallex’s operational funds during the time that they are held in the Fund. The holdings in the JP Morgan funds are held securely in custody by Artega Investment Administration, a licensed custodian. The Fund is also managed by a regulated trustee, K2 Asset Management Ltd.
What is the difference between interest earned on a deposit and rate of return on an investment?
Interest rate on deposits
Interest rates on deposits refer to the percentage of the deposit that a financial institution pays to the depositor as income. This interest is typically based on the deposit's principal and does not include factors like price appreciation or dividends, which are more relevant to investment products. The interest rate on a deposit is usually fixed or variable and is paid periodically (e.g., monthly or annually)
Return on Investment
Return on investment is the percentage gain or loss on an investment relative to its initial cost, over a specified period of time. It can include several components such as capital gains, dividends, or interest, depending on the type of investment. It accounts for both the price appreciation (or depreciation) of the asset and any income it generates.
What are the fees for Airwallex Yield in Australia?
Please refer to the Unit Class Product Disclosure Statement for the breakdown.
Definitions
| Deposit (Application) | A settled investment in the Yield account. |
| Withdrawal (Redemption) | A withdrawal of funds from the Yield account. |
| Unit | A unit in the Yield portfolio purchased via a Deposit |
| Unit Price | The market value of a unit as at the specified date |
Where can I find further information about Airwallex Yield?
- Financial Services Guide
- AUD Class Product Disclosure Statement
- USD Class Product Disclosure Statement
- Additional Information Document
- Target Market Determination
- Fund Constitution
*Excluding the end of month distribution period. Withdrawals will not be processed until the distribution period has ended. For further information, please refer to the Product Disclosure Statements
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