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Old 07.01.2011, 19:22
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Bank interest rate?

I want to put some money in savings account but the interest rate is really low as you must know. Is there some system where you can lock your money in the bank for say 3-4 years and get much higher interest rate?
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Old 07.01.2011, 23:03
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Re: Bank interest rate?

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I want to put some money in savings account but the interest rate is really low as you must know. Is there some system where you can lock your money in the bank for say 3-4 years and get much higher interest rate?
all the higher rates you would hope to get in CH are based on the official CH interest rate set by the Swiss National Bank.

for example : http://www.postfinance.ch/en/priv/pr...ion/offer.html

3 years ago the 7 year CHF rate was 2.35%.

you might get a better rate in EUR but then you have to hedge the FX de/appreciation.

swings and roundabouts at the moment. it's not a good time to be an old fashioned saver.
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Old 07.01.2011, 23:20
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Re: Bank interest rate?

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swings and roundabouts at the moment.
Thanks for the link. So 10 years will give me only 1.875% interest rate

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it's not a good time to be an old fashioned saver.
What shall one do with the money then? I wish I had more so I could buy property.
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Old 08.01.2011, 03:08
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Re: Bank interest rate?

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Thanks for the link. So 10 years will give me only 1.875% interest rate

What shall one do with the money then? I wish I had more so I could buy property.
at the post yes those are the rates. there may be better deals else where. i think comparis.ch have a page on this

as for advice on what to do with your money, i'm not silly enough to even try. i'm sure someone will along in a bit to suggest ways of relieving you or your hard earned cash! (c;
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Old 08.01.2011, 10:45
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Re: Bank interest rate?

You could look at moving the money offshore into Australian Dollars.
The interest rate is pretty good via HSBC World Bank.
1 year fixed deposit.If you want to think outside the box.
Also no withholding tax.

http://www.offshore.hsbc.com/1/2/int...-rates-savings

Last edited by MarkH; 08.01.2011 at 11:02.
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Old 08.01.2011, 10:50
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Re: Bank interest rate?

I sent my money to NZ where I get 6 percent interest and the money is government guaranteed.
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Old 08.01.2011, 10:51
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I have 3 suggestions for you;

1. Gold
2. Gold
3. Gold

Much better payback compared to interest and you can get out anytime.....
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Old 08.01.2011, 15:04
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Re: Bank interest rate?

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I want to put some money in savings account but the interest rate is really low as you must know. Is there some system where you can lock your money in the bank for say 3-4 years and get much higher interest rate?
If you plan on leaving the country medium term the Swiss Franc is seemingly highly valued now, so it's not a bad time to transfer the funds back home. If you're going to stay here long term you may also benefit from transferring the money out of the country, but there is exchange risk that when you transfer it back in you'll have lost in CHF (due to further appreciation).

Gold is not a safe investment, go into it only if you understand the risks.

If you make AVC's to your pension fund, or open a 3a account you can save on the tax bill now, even if the returns aren't much better than a bank account they will appreciate tax free (that 1.875% is gross, you'll have to hand some of it back otherwise).
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We actually don't keep track of that record... You need to call the European fecal standards and measuremments office in Zürich, their number is listed on thier website
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Old 14.10.2011, 17:57
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Re: Bank interest rate?

Any updates on where to park money for stable yearly interest rates?
Current rates at Swiss banks are disappointingly low. It is especially interesting to see that an e-Deposito account at PostFinance yields 1% interest whereas the similar Aktiv-Sparen plan at Germany's Postbank gives you 2%.
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Old 14.10.2011, 18:36
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Re: Bank interest rate?

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I have 3 suggestions for you;

1. Gold
2. Gold
3. Gold

Much better payback compared to interest and you can get out anytime.....
Gold pays zero interest, costs money to hold & will in all probability worth less in the investment time frame.
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Old 14.10.2011, 18:40
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Re: Bank interest rate?

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Thanks for the link. So 10 years will give me only 1.875% interest rate

What shall one do with the money then? I wish I had more so I could buy property.
Hint: The stock markets are heavily undervalued. They have been moving upwards during the last couple of days but its' probably a short lived development so don't watch that too closely. Two to five years down the road they will definitely be worth much more than they are today (look at past graphs of how the markets behave in the 5 years or so after a recession). So if you have money you can invest and forget about and then come back to in some years you'll have some comfortable gains.
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Old 15.10.2011, 00:05
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Re: Bank interest rate?

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Hint: The stock markets are heavily undervalued. They have been moving upwards during the last couple of days but its' probably a short lived development so don't watch that too closely. Two to five years down the road they will definitely be worth much more than they are today (look at past graphs of how the markets behave in the 5 years or so after a recession). So if you have money you can invest and forget about and then come back to in some years you'll have some comfortable gains.
really? i haven't really been following, but i expect stock markets to be heavily over-valued. i imagine the effects of the recession will be felt over the next 5 years or so and there will be good opportunities to pick up some stocks at good valuations.

Last edited by Phil_MCR; 15.10.2011 at 10:44.
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Old 15.10.2011, 09:55
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Re: Bank interest rate?

I have just put my excess funds into the e-deposito account at Postfinance at 1% interest.Gonna be difficult to beat that I think.
You can withdraw 100 000 sFr. per annum and the notice period
on larger amounts is only 3 months.

I also have an interest growth account at Credit Suisse at 0.625%.
You can only withdraw 25 000 sfr. per annum with 6 month notice period
on larger amounts.
UBS,ZKB etc. not much better.
Anyone knows of better rates with not more than a 6 month withdrawal
notice period?
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Old 15.10.2011, 10:49
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Re: Bank interest rate?

Because of the flight to safety, the banks have very little use for any money you give them, which explains the issue.
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Old 15.10.2011, 14:16
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Re: Bank interest rate?

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I want to put some money in savings account but the interest rate is really low as you must know. Is there some system where you can lock your money in the bank for say 3-4 years and get much higher interest rate?
not at the moment. you'll just have to live with the low interest rate. i also have the 1% from postfinance.
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Old 15.10.2011, 17:29
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Re: Bank interest rate?

http://business.iafrica.com/personal...ts/757790.html

Looks like gold is popular at present.
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Old 15.10.2011, 18:02
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Re: Bank interest rate?

http://www.sbb.ch/en/station-service...oney-bank.html
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Old 15.10.2011, 18:14
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Re: Bank interest rate?

Has a 80 000 sfr. limit.Always a catch somewhere.
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Old 16.10.2011, 13:12
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Re: Bank interest rate?

You can put some money into a 3a pension fund which pays 2%, for example, https://www.postfinance.ch/en/priv/p...c3a/apply.html

But for relatively small amounts; more if you are self employed
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Old 16.10.2011, 14:11
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Re: Bank interest rate?

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You can put some money into a 3a pension fund which pays 2%, for example, https://www.postfinance.ch/en/priv/p...c3a/apply.html

But for relatively small amounts; more if you are self employed
that's true. one thing to watch out for is the fact that these rates are not guaranteed and are subject to changes. so it might be 2% now but could be 1.5% later.
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