What is Airwallex Yield?
- Airwallex Yield gives you a simple, low-risk way to invest your idle cash. You can invest both your SGD and USD balances and start earning returns instantly.* You can withdraw your funds from Yield at any time, with funds settling to your cash balances in your Airwallex account.
- If you choose to withdraw money or deposit money into Yield before the cutoff time, your transaction will normally settle to your cash balance the next business day. To find out more about cutoff times, see “How long does it take for funds to move in and out of my Airwallex Yield account (SG)?"
How does Yield work?
- Through Airwallex Yield, customers can earn returns on both Singapore and US dollars in low-risk money market funds (3.71% for USD and 1.91% for SGD*). A money market fund is a fund that invests in a range of liquid, 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.
*Indicative rate is based on the 7 day annualised historical rate of the underlying funds as of 2 June 2025, net of Airwallex fees. Yield is not a savings or deposit product. Investments involve risks, including the possible loss of principal amount invested. You should seek advice from a financial adviser before making any investment decision. In the event that you choose not to seek advice from a financial adviser, you should consider whether the investment is suitable for you.
What returns could I earn on my Yield account?
- Through Airwallex Yield, customers can earn returns on invest both Singaporean and US dollars in low-risk money market funds (3.71% for USD and 1.91% for SGD)*.
- Airwallex Yield invests into Goldman Sachs USD Standard VNAV Fund, Institutional Accumulation Class (USD) and Fullerton SGD Cash Fund, Class A (SGD), which have historically tracked local cash interest rates for the region.
*Indicative rate is based on the 7 day annualised historical rate of the underlying funds as of 2 June 2025, net of Airwallex fees. Yield is not a savings or deposit product. Investments involve risks, including the possible loss of principal amount invested. You should seek advice from a financial adviser before making any investment decision. In the event that you choose not to seek advice from a financial adviser, you should consider whether the investment is suitable for you.
Who can use Airwallex Yield
Any existing client of Airwallex Singapore can apply to open a Yield account. You will need to have an Airwallex wallet in the currency you want to invest into.
Please note that only the account owner can open Yield. Once onboarding is completed, any user with Yield wallet permissions can view & complete transactions.
What currencies can I invest?
- You can invest in Singapore and US Dollars.
What are the fees to invest through Yield?
You pay two fees when you use the Airwallex Capital (Singapore) Pte. Ltd. (Airwallex) yield product. The first is a fund-level fee, and the second is an Airwallex management fee.
- Fund Level Fees - The Goldman Sachs US$ Standard VNAV Fund fee is 0.1% funds' net asset value of the units in the customer's Airwallex Yield account, and the Fullerton SGD Cash Fund fee is 0.16%, a portion of these fees may be rebated to Airwallex. These fund fees are inclusive of GST. This fee is deducted by the Fund Manager from the fund on a daily basis and reflected in the unit price, meaning that it is automatically reflected in your Yield balance, and you won't see it directly charged to your account.
- The Airwallex fee is 0.5% of the funds' net asset value of the units in the customer's Airwallex Yield account, (exclusive of GST, where applicable). This fee is calculated daily and charged by selling units in your account at the end of each month, and deducting the amount from your account. Please note that it takes several days at the end of each month and the beginning of the following month to process the Airwallex fee. The exact amount of fees charged by Airwallex will be displayed in your monthly statement.
For example, if you are a Singapore customer investing in the SGD Fund and you hold SGD$1,000 for a year and the Unit price stays the same throughout the year, you will pay a total fee (excluding GST) of SGD$6.60, SGD$5 of which will go to Airwallex and SGD$1.60 of which will go to the fund issuer(s).
The Airwallex portion of the fees (0.50% for SGD, 0.50% for USD) will be subject to GST at the prevailing rate. Businesses registered for GST in Singapore may be eligible to claim input tax on these charges, subject to the Goods and Services Tax Act 1993 and applicable regulations.***
***This information is for general guidance only and does not constitute tax advice. Tax treatment, including GST and input tax claims, depends on your individual circumstances and current tax laws. Airwallex does not provide tax advice; please consult a qualified tax professional for your specific situation.