Reply To: Revolut • International transfer fee (USA) question

[John]

TooPoorToBeHere wrote:

Wise aren’t paying interest, they’re investing your money in a government bond via Blackrock. Your capital is at risk.

Pedantically correct but the risk is very small. Particularly, all the bonds in the funds have very short duration. Neither Blackrock, nor a fund consisting of short duration US or UK government bonds, is going to be permitted to fail and money will be printed to whatever degree necessary to prevent this. To all intents and purposes this *is* interest.

Is it taxable in exactly the same way as bank savings interest?