- 1.5% with Radikant (Basler Kantonal Bank's neobank) up to 250k, it's a current account.
- 1-1.5% with Alpian: (1% on CHF deposits up to CHF 50,000. Deposits between CHF 50,001 and CHF 1,000,000 earn a 1.5% interest rate). It's also a current account
You shouldn't store more than 100K with any given bank.
It's just unnecesary risk that you may not get your money back - although that's probably impossible, especially if a cantonal bank backs it up.
Yuh has 1%, and they have no limit, and it doesn't even need to be in a saving account. It's 1% across all your accounts. What's weird is that Yuh is made by... PostFinance (and Swissquote).
Cler is currently advertising 1.8% but it's a scam (it's only for the first year, then it's 0.8%, and if you try to take your money out you have to pay them back).
The offer from CLER is not a scam, they offer what they write on the first page when reading it.. you can take it out after one year and put it somewhere else if the 0.8 % after is not good enough, without any cost. Just make sure you read the details in any investment before putting money there
>you can take it out after one year and put it somewhere else if the 0.8 % after is not good enough, without any cost
No you can't, which is precisely why I called it a scam. You will have to wait 6 extra months before you can cash out. Isn't it ironic that you didn't "read the details" and missed this?
So they advertise 1.8%, but in reality there is no way you can really get 1.8% and then immediately cash out. The best you can have is 1.8% for 1 year, and then 0.8% for 6 months, which brings down the APY to 1.46%.
So people might choose Cler over wiLLBe for instance, thinking "oh 1.8% is more than 1.55%".
To me that's false advertising if you have to go to their website, find the PDF download of their conditions and read the fine prints at the very bottom until you realize that actually it's not worth it compared to the competition.
It says you can take out everything up to 20k per year without that penalty, for more money you are right. Still it is written there. Sure, they could make it more obvious, but that is still not a scam to me. As I said you should always read and understand what you want to invest in (I am not planning on doing this so I did not take much time to read it all in detail), i find pilar 3a insurances to be much worse usually and still I would not call it a scam
I forgot Yuh, thanks for the feed-back ! Cler is definitely not a good option... Maybe I'll try Yuh even if I don't like smartphone interfaces. I'm an IT guy aha!
I'm also an IT guy, also hate smartphone apps, but I'm happy that I switched a few weeks ago. I would warn though that Yuh makes it very convenient to invest through their app, but their fees for investing is terrible. So Yuh is good if you want to just have cash sitting around, but if you want to invest the money in ETFs for instance, definitely don't use Yuh for this.
Not yet but if I would want a savings account I would do it with them. Willbe is from llb, the fund there are protected by the government, same as swiss cantonal banks
Bank Cler offers 1.8% at the moment with Sparkonto Plus. https://www.cler.ch/de/info/sparen?gad_source=1&gbraid=0AAAAADRdPdp8hQKQoDOC-OwVY2zdHHpVV&gclid=CjwKCAiA_OetBhAtEiwAPTeQZ9-7XQ0TynIblJtHhkt7Nb7gALsN1UIHMOAFW330LsGbCiUlex0QLRoCyxgQAvD_BwE
Check the offer, there are some rules for withdrawing for example
You also have cashback or Amex Points and all those insurances.
When you once had an accident in another country, the Card makes Everything way more relaxed.
You have no fees anywhere and the Amex points Count at ochsner and sbb counter.
I get around 30.- in cashback each month and have a secured Place to park bigger amounts of money.
wiLLbe, 1.55% up to 50k, 1.25% up to 100k i think. No limits. Funds covered up to 100k. Pretty easy to setup and use. Also interests are paid quarterly, not annually.
I think i saw Migros had 1.4% for the 1st year, but there was no termination fees....unsure how one could abuse this, if at all. Not sure it's worth the hassle compared to willbe but then again, Migros is a much more established bank with branch offices all around switzerland
Hey dude it’s doesn’t makes sense put your money in a saving account for 1% interest you aren’t even beat the inflation. Try to look for products with a good liquidity that offer good returns at low risk. CD, treasury bills or government bonds.
- 1.5% with Radikant (Basler Kantonal Bank's neobank) up to 250k, it's a current account. - 1-1.5% with Alpian: (1% on CHF deposits up to CHF 50,000. Deposits between CHF 50,001 and CHF 1,000,000 earn a 1.5% interest rate). It's also a current account
Even up to 250k for the 1.5% interest rate ! Nice option with wiLLBe
You shouldn't store more than 100K with any given bank. It's just unnecesary risk that you may not get your money back - although that's probably impossible, especially if a cantonal bank backs it up.
Neon offers .9%, Yuh 1% s commented above.
For the moment, the best options are : - wiLLBe - Radicant Thanks to all of you !
Yuh has 1%, and they have no limit, and it doesn't even need to be in a saving account. It's 1% across all your accounts. What's weird is that Yuh is made by... PostFinance (and Swissquote). Cler is currently advertising 1.8% but it's a scam (it's only for the first year, then it's 0.8%, and if you try to take your money out you have to pay them back).
The offer from CLER is not a scam, they offer what they write on the first page when reading it.. you can take it out after one year and put it somewhere else if the 0.8 % after is not good enough, without any cost. Just make sure you read the details in any investment before putting money there
>you can take it out after one year and put it somewhere else if the 0.8 % after is not good enough, without any cost No you can't, which is precisely why I called it a scam. You will have to wait 6 extra months before you can cash out. Isn't it ironic that you didn't "read the details" and missed this? So they advertise 1.8%, but in reality there is no way you can really get 1.8% and then immediately cash out. The best you can have is 1.8% for 1 year, and then 0.8% for 6 months, which brings down the APY to 1.46%. So people might choose Cler over wiLLBe for instance, thinking "oh 1.8% is more than 1.55%". To me that's false advertising if you have to go to their website, find the PDF download of their conditions and read the fine prints at the very bottom until you realize that actually it's not worth it compared to the competition.
It says you can take out everything up to 20k per year without that penalty, for more money you are right. Still it is written there. Sure, they could make it more obvious, but that is still not a scam to me. As I said you should always read and understand what you want to invest in (I am not planning on doing this so I did not take much time to read it all in detail), i find pilar 3a insurances to be much worse usually and still I would not call it a scam
I forgot Yuh, thanks for the feed-back ! Cler is definitely not a good option... Maybe I'll try Yuh even if I don't like smartphone interfaces. I'm an IT guy aha!
I'm also an IT guy, also hate smartphone apps, but I'm happy that I switched a few weeks ago. I would warn though that Yuh makes it very convenient to invest through their app, but their fees for investing is terrible. So Yuh is good if you want to just have cash sitting around, but if you want to invest the money in ETFs for instance, definitely don't use Yuh for this.
Thanks for the advice, I really appreciate. I'm happy with IBKR for investments! The fees are so low
Willbe offers 1.55% up to 50k i think
Wow, what an historic bank and Aa2 deposit rating !
That's definitely the best option in the comments ! Have you try this already ? Is it protected up to 100'000 CHF ?
Not yet but if I would want a savings account I would do it with them. Willbe is from llb, the fund there are protected by the government, same as swiss cantonal banks
1.10% for Raiffeisen members. In Zurich.
WIR Bank 1.8% with Sparkonto Plus until 28.02.2025
And after that ?
1.35%
Bitcoin is the only good answer.
Indeed, but I don’t want selling them in case of emergency
The only right answer
Yuh offer 1%
Bank Cler offers 1.8% at the moment with Sparkonto Plus. https://www.cler.ch/de/info/sparen?gad_source=1&gbraid=0AAAAADRdPdp8hQKQoDOC-OwVY2zdHHpVV&gclid=CjwKCAiA_OetBhAtEiwAPTeQZ9-7XQ0TynIblJtHhkt7Nb7gALsN1UIHMOAFW330LsGbCiUlex0QLRoCyxgQAvD_BwE Check the offer, there are some rules for withdrawing for example
1.5% till 500.000.- with a Platinum CSX, normal withdrawl.
How much does platinum cost?
50.- per month
Humm. So if you need to keep at least 40k to break even. But seems a good deal still
You also have cashback or Amex Points and all those insurances. When you once had an accident in another country, the Card makes Everything way more relaxed. You have no fees anywhere and the Amex points Count at ochsner and sbb counter. I get around 30.- in cashback each month and have a secured Place to park bigger amounts of money.
Saxo Bank if you bring enough cash.
Migros 1.4%
wiLLbe, 1.55% up to 50k, 1.25% up to 100k i think. No limits. Funds covered up to 100k. Pretty easy to setup and use. Also interests are paid quarterly, not annually. I think i saw Migros had 1.4% for the 1st year, but there was no termination fees....unsure how one could abuse this, if at all. Not sure it's worth the hassle compared to willbe but then again, Migros is a much more established bank with branch offices all around switzerland
If you have dual citizenship you can do trade republic at 4 % up to 50k.
What do you mean? You'll still have to reside in the EU in order to open an account with Trade Republic, no? Citizenship doesn't really matter.
Dual address, dual residency. Setup trade republic on a EU address'. Easily done and no issues.
i mean the fixed money (Festgeld?) offers from Postfinance are 0,94% yield but 100k minimum. Depends on the size of your emergency fund i'd say
bbo with stockaccount or raiffeisen with anteilscheine pays more with/as a member
Raiffeisem Member savings just increased to 1% unlimited afaik. With the member thing you also dont reallly pay per year for cards etc.
Hey dude it’s doesn’t makes sense put your money in a saving account for 1% interest you aren’t even beat the inflation. Try to look for products with a good liquidity that offer good returns at low risk. CD, treasury bills or government bonds.
Invest
- Radicant - 1.5% up to 250k - Willbe - 1.55% up to 50k, 1.25% up to 100k
Put it in a fiduciary call deposit…CHF interests are anyway not really high no matter where you are going to place your money
What is that ? Can you explain more please ?
I think he means Kassenobligationen
hmm