Wirex One is our next-generation banking app, launching very soon. It’s built for people who want more from their finances: private banking-level features, true ownership of their assets, and a single app that handles spending, earning, and investing without compromise. We’ve covered the ownership model and the membership tiers in recent weeks, and now want to focus on one of the most compelling parts of the product: how it gets more out of your money.
Savings Rates vs. Yield Rates
If you’ve ever wondered why your savings account rate is so low, it’s because the business model is built for the institution, not the end consumer. The institution holding your money is lending it out, investing it, and earning significantly more than it passes back to you. This is made worst given that central banks in major economies have been keeping interest rates high for some time now.
All the while, institutional money market funds, lending desks, and DeFi protocols have been generating 4–6% APY on stablecoin and cash-equivalent positions.
The infrastructure to earn better yield – far superior to your high-street savings account – has existed for years; it just hasn’t been packaged in a way that’s genuinely accessible to consumers. Too much complexity, too much lock-up risk, and too little transparency.
How Wirex One Closes the Gap
Wirex One offers up to 9.75% APY on fixed stablecoins and crypto through institutional-grade DeFi protocols. It might sound complex, but there’s not technical knowledge required: as a consumer, it works in the background, the same way a savings account should – deposit, earn on your balance, and withdraw when you want.
Up to 9.75% APY: On stablecoins and crypto
Fully liquid: no lock-up periods, meaning you can access it whenever you need it
Yield boosts by membership tier: Up to +3% additional on stablecoins, +1.5% on crypto for higher tiers, based entirely on the amount of WPAY (Wirex’s native token) you hold in your portfolio. Read more about the membership model here.
Flexible or fixed terms: Choose whether to keep funds fully liquid or fix for a higher rate
Earn from day one: Yield starts working on your balance as soon as you deposit, with no setup or extra steps needed
The Infrastructure Behind It
The yield available through Wirex One isn’t being generated by an experimental protocol. It’s backed by eleven years of Wirex infrastructure: Principal Membership of both Visa and Mastercard, $20 billion+ in transactions processed, and zero security breaches. The same platform that powers stablecoin banking for 8 million+ users across 130+ countries is what sits underneath your earn balance.
Wirex One launches soon, and for the first time, institutional-grade yield is available to everyday consumers through a clean, simple app, without the minimum investment, complexity, or lock-up. Your money should be working harder, and now it can.