It's a little complicated, but for the math-lovers, your APY% is calculated by the following formula:

Earned Interest = 0.5% APY x Average Daily Balance x (# days in month / # days in year).

Additional 0.1% earned for every $1,000 of purchases on Wise cards up to a max of 0.5%. So total potential APY % is up to 1%. This resets every month back to the base APY % of 0.5%.

Don't understand? Not to worry - you can trust us and that extra money we drop into your account every month (if you've made deposits, that is). 

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