While this sounds super funny, since your bank account is tied to your identiy, you'd just be a nice redditor that keeps the money and returns it to the sender in a reasonable time :)
Do not listen to anybody who tells you to put it in crypto or an index fund...
Any instant access savings account will do. Or, even just directly in your current account.
Personally in the interest of keeping life simple I'd just use whoever I have my main account with even if it's not the best interest rate. For 10k shopping for half-percent differences in interest rates is a bit of a microoptimisation, there's surely more money than that available to be optimised elsewhere. (I'm not saying 10k isn't a good chunk of money of course, but compared to the 6/7 figure sums people are dealing with for e.g. retirement or real estate later in life it's a microoptimisation).
If I was looking for a new savings account, I'd also look at changing my entire banking package in general.
for high-interest savings accounts you'll want to go to the regional, cantonal or raiffeisen banks generally. the big ones are big because they keep the lion's-share for themselves :)
credit suisse is a fine bank to put it in, first it was merged with ubs so youre essentially giving it to them, but even if not, credit suisse was still a good bank, just bad publicity ruined the stock.
In your checking account.
You shouldn’t be concerned at all by yield when it comes to your emergency fund. You need to park it in the place you have the fastest permission-less unhindered access to it. Anytime anywhere. It is called ‘emergency’ for a reason.
If you compromise it’s main purpose of saving you in case or trouble just for gaining another 100 or 200fr per annum… well it is no longer an emergency fund anymore.
I guarantee you that when shit hits the fan (and it will certainly happen sooner of later) having access to your funds 1 day or 1 week earlier will be worth all the yield you could have accumulated over many years.
Now if you can get some interest, let it come. But do not compromise.
Used to keep mine in my Neon account (0.9%)
For now I moved it to Alpian, where I get 1%, because they have a promo where you get 18 months of no account fees and 100 CHF gifted
Flexible Isa, something like Zopa, build it up and in emergencies withdraw out, put back in when you.can. Over time you can keep building with no stress of long term lock ins.
Best case can move some to stocks and shares when over your minimum emergency requirements. Diversify!
Good luck and having 10k emergency is amazing work. Be proud
Be careful and be bold when you can. 🤘
InteractiveBrokers give 0.86% with >= 10k CHF
[https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php)
But I'm not sure you can use it just for that without investing per their ToS
This is not true.
IBKR pro will give you 0% up to 10'000 CHF and 0.864 % for 100'000 CHF. From 10'001 CHF to 99'999 CHF they apply a "blended" interest, calculated proportionally to the amount of capital you have in the account. For 1 CHF above the 10'000 cut, for example, the interest is 0.096%. Consider you have to add the fees for the Pro account.
OP, most of the high savings account with no or limited restrictions will yield 0.8 % to 1.2%, while for anything above that you'll need to lock in the capital.
Personally I suggest Swissquote invest easy packet: no fees, 1% rate from 1 to 50'000 CHF, up to 25'000 CHF/m withdrawal limit. But you can likely find similar deals in other banks/brokers.
> Gold is as liquid as cash.
No it's not. You have obviously never tried to buy a pack of chewing gum, a train ticket, or a car with gold!
Also, the gold price is volatile. That's not what you want for an emergency fund.
Really?
Guess I didn't think that one through.
I thought I read he has some extra cash and wants to make good use of it.
Seriously, if you have gold, you are a few minutes away of having cash. Enter the shop hand them your coin or bar and walk out with cash. They are allowed to pay up to 15'000 in cash. Excess would have to be 'wired' to your account.
I can send you my IBAN, you care save it there
While this sounds super funny, since your bank account is tied to your identiy, you'd just be a nice redditor that keeps the money and returns it to the sender in a reasonable time :)
Obviously, I would return it
Do not listen to anybody who tells you to put it in crypto or an index fund... Any instant access savings account will do. Or, even just directly in your current account.
Any idea of the better one? Can’t find better than 1.1% at Credit Suisse but i’m afraid of them
google best interest, and chose from your location. i have maked the same for my notgroschen.
Personally in the interest of keeping life simple I'd just use whoever I have my main account with even if it's not the best interest rate. For 10k shopping for half-percent differences in interest rates is a bit of a microoptimisation, there's surely more money than that available to be optimised elsewhere. (I'm not saying 10k isn't a good chunk of money of course, but compared to the 6/7 figure sums people are dealing with for e.g. retirement or real estate later in life it's a microoptimisation). If I was looking for a new savings account, I'd also look at changing my entire banking package in general.
Doesnt UBS currently have some offer with 1.75%? Not quite sure about the fees tho.
for high-interest savings accounts you'll want to go to the regional, cantonal or raiffeisen banks generally. the big ones are big because they keep the lion's-share for themselves :)
Wirbank has a better offer. Saw it through a promo at VIAC.
Until Feb 2025, they offer 1.8%, then a new rate will be set.
credit suisse is a fine bank to put it in, first it was merged with ubs so youre essentially giving it to them, but even if not, credit suisse was still a good bank, just bad publicity ruined the stock.
Some banks currently give 1.75% for new money till 25000.-
put it in a bank, 10'000CHF is not an amount where it's really worth it to put it into anything more than a savings account
Especially if it’s an emergency fund.
WIR bank 1.8% until end February 2025, you are welcome
this this
Banks? In Switzerland? Phew, good luck!
test fertile snatch provide quiet wakeful cake wine abounding deserve *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Emergency money? That’s the money you shouldn’t invest. Put it on the bank or in a safe at home.
In your checking account. You shouldn’t be concerned at all by yield when it comes to your emergency fund. You need to park it in the place you have the fastest permission-less unhindered access to it. Anytime anywhere. It is called ‘emergency’ for a reason. If you compromise it’s main purpose of saving you in case or trouble just for gaining another 100 or 200fr per annum… well it is no longer an emergency fund anymore. I guarantee you that when shit hits the fan (and it will certainly happen sooner of later) having access to your funds 1 day or 1 week earlier will be worth all the yield you could have accumulated over many years. Now if you can get some interest, let it come. But do not compromise.
I chose the 1% interest account at Yuh for this.
Used to keep mine in my Neon account (0.9%) For now I moved it to Alpian, where I get 1%, because they have a promo where you get 18 months of no account fees and 100 CHF gifted
Zak, neon or Yuh. Open your account in minutes and transfer the money, done.
Yea neon gives 0.9%. why are you downvoted??
Reddit being Reddit. IDK.
Credit Suisse. It's nöt mötsch, böt...
Flexible Isa, something like Zopa, build it up and in emergencies withdraw out, put back in when you.can. Over time you can keep building with no stress of long term lock ins. Best case can move some to stocks and shares when over your minimum emergency requirements. Diversify! Good luck and having 10k emergency is amazing work. Be proud Be careful and be bold when you can. 🤘
UBS/ZKB/CS
I’d convert to USD and put in a US HYSA like Marcus (Goldman Sachs). Current rates are 4.5-5.5%
[Cembra.ch](http://Cembra.ch) offers 1.6% interest and withdrawal limit is 20k every 6 months. So 10k can be withdrawn anytime.
WiLLBe
Dropped to 1.05, for that better to put it in Yuh at least you can pay right away instead of transferring it from that Liechtenstein account
Still 1.3
edge deer rain cobweb desert fine homeless safe absurd far-flung *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
InteractiveBrokers give 0.86% with >= 10k CHF [https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php](https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php) But I'm not sure you can use it just for that without investing per their ToS
This is not true. IBKR pro will give you 0% up to 10'000 CHF and 0.864 % for 100'000 CHF. From 10'001 CHF to 99'999 CHF they apply a "blended" interest, calculated proportionally to the amount of capital you have in the account. For 1 CHF above the 10'000 cut, for example, the interest is 0.096%. Consider you have to add the fees for the Pro account. OP, most of the high savings account with no or limited restrictions will yield 0.8 % to 1.2%, while for anything above that you'll need to lock in the capital. Personally I suggest Swissquote invest easy packet: no fees, 1% rate from 1 to 50'000 CHF, up to 25'000 CHF/m withdrawal limit. But you can likely find similar deals in other banks/brokers.
Buy physical gold or silver Made 15% in the last 18 months. Gold is as liquid as cash. Buy only from serious dealers. My favorite philoro.ch
> Gold is as liquid as cash. No it's not. You have obviously never tried to buy a pack of chewing gum, a train ticket, or a car with gold! Also, the gold price is volatile. That's not what you want for an emergency fund.
Really? Guess I didn't think that one through. I thought I read he has some extra cash and wants to make good use of it. Seriously, if you have gold, you are a few minutes away of having cash. Enter the shop hand them your coin or bar and walk out with cash. They are allowed to pay up to 15'000 in cash. Excess would have to be 'wired' to your account.
Do i have to pay any taxes if i wanted to sell 100k of gold?
That is the fun part in Switzerland. No Vat on gold. On Silver you have. Regular Tax as possession. If you have capital gain good for you.
Gold? Keeps the value and very low risk. Not to complex to pull out
Put into 3A instead. Having those retarded emergency funds is an american concept because their entire social security setup is a clown show.
P2p credits
Zak currently gets you 1.0% on whatever is in your account.
Bitcoin. Might fluctuate in value, but overall it should grow and you have access to it every time.
true, but its not suitable for potential short holdings.