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 into 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)?”
*Yield is not a savings or deposit product. Investments involve risks, including the possible loss of the 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.
How does Yield work and what returns could I earn on my Yield balance?
- Through Airwallex Yield, customers can earn returns on both Singapore and US dollars in low-risk money market funds (the latest rates are available in the Yield section of the wallet or on our pricing page)¹.. 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.
- The returns reflect the performance of an investment in the underlying fund2 over the 7 calendar day period for USD, and 5 business day period for SGD, ending on the date stated, which is then annualised. Past performance is not indicative of future results. All investments carry risk.
1 Click here to learn more. Yield is not a savings or deposit product. Investments involve risks, including the possible loss of the 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.
2 Underlying funds for USD is Goldman Sachs US$ Standard VNAV Fund, Institutional Class and for SGD is Fullerton SGD Cash Fund Class A
Who can use Airwallex Yield?
Any existing client of Airwallex Singapore can apply to open a Yield account.Yield applications can be filled in by account owners or account admins and must be submitted by an account owner. If you are an account admin, we’ll walk you through transferring the application to an account owner for signing at the end of the application Once onboarding is completed, any user with Yield permissions can view the account.
What currencies can I invest?
- You can invest in Singapore and US Dollars.
What are the fees to invest through Yield?
Please click here to read the Airwallex Singapore Yield Fee Schedule.