| Quote: | |  | |
| But, I understand that the 3a and Fz accounts are held by the trust but is just maintained by the bank. Its actually under the control of the trust (stiftung ??) and so in case the bank has problems, the money is still safe with the trust. Please feel free to correct me if my understanding on this is incorrect.. | |
| | |
That is true but if the money is a deposit then there is no guarantee to be paid out ie deposits might not be covered as they are used as float by banks - and hence they pay you interest on deposits - well they do if you call .75% interest and not insult...