Digital Bank announced that its U.S. clients can take advantage of a 3.92 percent annual interest rate on their U.S. dollar account.
The feature allows the bank's clients to earn interest on their U.S. dollar balances while maintaining access to all account features.
In addition, all those who take advantage of this offer will be eligible for up to $250,000 in pass-through FDIC insurance, according to the FNG news portal.
The new feature has no limits on the amount clients can hold in their account and no extra or hidden fees.
To activate the feature, current users must verify their SSN/EIN, and new clients simply sign up for Wise.
The bank will notify clients directly of any rate changes, which may fluctuate.
It was previously reported that the digital bank had made changes to its management team.
Wise is a digital bank that began operations in 2011 and is regulated by the FCA and FinCen. The company supports transfers between 80 countries, and 54 currencies can be held in accounts. All standard banking features and services are free.
