Offering More Customers a Flexible Way to Grow their Business Account Cash Balances

Last spring we introduced Yield in beta to wholesale customers. Yield is a revolutionary product designed to empower businesses with flexible ways to save and grow their funds.

Since its launch, Yield has been embraced by Airwallex customers with over $100M AUD in funds now earning returns. Businesses are able to maximise their cash balances with competitive rates compared to the banks without the stress of lock-up periods.

Today, we are thrilled to announce the expansion of Yield, making it accessible to even more businesses in Australia. Responding to the demand from our customer base, Airwallex is now the first payments company in Australia to be granted an AFSL licence to provide access to investment products to businesses regardless of size. With this license, we are now able lower the minimum initial application for Yield to $10,000 AUD, democratising access like never before. 

At Airwallex, we understand that every business is unique, with varying financial needs and goals. With this expansion, we aim to cater to a broader spectrum of businesses, from startups and SMEs to larger enterprises, providing them with a business account that  optimises their cash management strategies.

Airwallex Yield offers a range of benefits¹ that are tailored to meet the evolving needs of modern businesses:

• Competitive returns: Yield offers a return of 3.72 percent for AUD balances and 3.94 percent on USD balances (compared to a 1.06 percent p.a. and 0.50 percent p.a. respectively)*².  

• No lock-up period or penalties: Unlike traditional term deposits, you can move your money in and out of your Airwallex Yield account as needed.

• Easy access to USD returns: You can generate returns on your USD balances, just as easy as you would AUD, no foreign accounts or entities required.  

• Safety meets growth: Grow your funds with a low-risk, highly graded, liquid investment with Airwallex’s investment into JP Morgan money market funds. 

• Xero bank feed integration: Sync your Yield balances and returns to Xero in real time for faster reconciliation - coming soon in late July.

We invite businesses of all sizes and industries to explore the possibilities of Yield. If you are an existing Airwallex customer, simply log into your Airwallex account, navigate to the Wallet tab, and click the Airwallex Yield ‘Get Started’ button. You’ll be able to move funds to Yield and start generating returns in minutes. 

If you are new to Airwallex, sign up for an account here and visit our website to learn more about Yield and Airwallex’s other financial products.

1.  The risks of Airwallex Yield can be found in Section 4 of the USD and AUD PDSs available at www.airwallex.com/au/terms. All investments carry risk. Past performance is not indicative of future performance. 

2.  Average of CBA, Westpac, ANZ, and NAB business saver per annum rates as of 1 July 2024

*Disclaimer: This information doesn’t take into account your objectives, financial situation, or needs. It is important for you to read the Product Disclosure Statement (PDS) for Airwallex Yield, which is available from Airwallex Capital Pty Ltd (AFSL No. 549026) at www.airwallex.com/au/terms and issued by K2 Asset Management Ltd (ABN 95 085 445 094, AFSL No. 244 393), a wholly-owned subsidiary of K2 Asset Management Holdings Ltd. All investments carry risk. *Target returns of Airwallex Yield are net of fees as at 6 August 2024 and indicate past 1-day annualised returns of the relevant underlying JPMorgan Liquidity Funds