Wise: Launches Interest product
- Wise the global tech company building the best way to move money around the world
- Launched a new product that allows customers in the UK to earn in line with local interest rates
- This sets a whole new standard for holding money for people and businesses
- Now able to hold their money in government-backed assets that follow the respective interest rate offered by the Bank of England
- The new product means customers will no longer have to give money to their bank for free in the hope
- The overall cost of the product is 0.29% including the fund manager costs
