What is Airwallex Yield?
- Airwallex Yield is a broker-dealer product that gives you a simple way to invest your idle cash. You can invest your USD balance 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 of 16:00 ET on a business day, your transaction will normally settle to your cash balance within 1-2 business hours. 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?"
* 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 US dollars in a money market fund (the latest rates are available in on our pricing page)**. Airwallex Yield invests in the underlying fund JPMorgan U.S. Government Money Market Fund OGVXX (Capital Share Class), which invests in a range of liquid 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.
- Returns are based on the underlying fund's performance over a 7-day period, which are then annualized. Past performance is not indicative of future results. All investments carry risk. For more details on the fees, refer to “What are the fees to invest through Yield?” below.
** Indicative rate is based on historical annualized rate of underlying funds, net of Airwallex fees and assumes subscription to the Accelerate tier.
Who can use Airwallex Yield?
- Existing clients of Airwallex US with a registered US business address in select States (see below) can apply to open a Yield account. You will need to have an Airwallex USD wallet. This product is only offered to corporations and not to individuals.
| Division | Eligible states | States pending approval |
| Northeast | New York, Pennsylvania, Rhode Island, Vermont | Connecticut, Maine, Massachusetts, New Hampshire, New Jersey |
| Midwest | Iowa, Kansas, Michigan | Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin |
| South | Delaware, Florida, Kentucky, North Carolin, Oklahoma | Alabama, Arkansas, Georgia, Louisiana, Maryland, Mississippi, South Carolina, Tennessee, Virginia, West Virginia, Arizona, New Mexico, Texas |
| West | Alaska, California, Colorado, Idaho, Nevada, Washington, Wyoming | Hawaii, Montana, Oregon, Utah |
- Please note that only the account owner can open Yield. Once onboarding is completed, any user with Yield wallet permissions can view and complete transactions.
What currencies can I invest in?
- You can invest in US Dollars.
What are the fees to invest through Yield?
- Please click here to read the Airwallex US Yield Fee Schedule.^
^ This information is for general guidance only and does not constitute tax advice. Tax treatment 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.
U.S. brokerage services are offered through Airwallex Capital US LLC. (“Airwallex Capital”). Airwallex Capital is a broker-dealer that is registered with and is a member of FINRA and SIPC. Past performance does not guarantee future returns. Airwallex Capital does not provide investment advice or recommendations, and this information does not take into account your investment profile or financial situation. You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.
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