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Airwallex offers Australian businesses savings rates on their US dollar balances


Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex.

Airwallex’s Yield also offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up periods or using term deposit.

The new Airwallex Yield offering allows qualified customers to:

Earn on their AUD and USD balances without having to open a foreign bank account, a first in Australia
Access market leading rates currently 3.39 per cent AUD balances and 4.07 per cent for USD balances, compared to an average of 1.38 per cent for business saver accounts with the big banks for AUD and 1.50 per cent for USD
Avoid lock-up periods and easily move funds between cash balances and their Yield account, unlike term deposit accounts
Grow funds in a product…

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