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Old 17.02.2015, 10:39
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Do offset accounts exist in Switzerland?

We are looking for the best account when getting a mortgage. In Australia we had an offset account which is great. Is there anything equivalent here?

Thanks for any help!
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Old 17.02.2015, 10:40
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Re: Do offset accounts exist in Switzerland?

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We are looking for the best account when getting a mortgage. In Australia we had an offset account which is great. Is there anything equivalent here?

Thanks for any help!
Sort of - but not in the UK/US/AUS way.

If you have substantial assets with a bank you'll get better rates for loans, leases and mortgages etc
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Old 17.02.2015, 10:46
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Re: Do offset accounts exist in Switzerland?

I haven't seen anything similar here. One thing that might be of interest to you is that the UBS LIBOR product allows unlimited repayments.

Since interest rates are near zero it doesn't make a difference.

Offset mortgages are more relevant for those taxing jurisdictions where interest income is taxable, but mortgage interest is non-deductible so that you have a more tax efficient outcome.

In Switzerland, they are both taxable/deductible, so there's no advantage to offset other than flexibility and convenience.
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Old 17.02.2015, 10:50
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Re: Do offset accounts exist in Switzerland?

What about this? Think it's fairly new...

http://www.ubs.com/ch/en/swissbank/p...overdraft.html
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