Hello, I am a Swede living in St Gallen with my Swedish GF. We have been here for about a year now, and we are after some initial doubts looking forward to stay here a few years. In Sweden I have a "pension-saving-insurance-thingy". I used to save few hundred CHF a month. I still fiddle with witch funds the savings are to be placed in. Making changes maybe every 1 or 2 months. +48% in 2006

Now I'm looking for something similar but without the "you can’t touch your monies until you are 65 and paid taxes on it" thing.
Do you have any tips on a good online bank that lets me have a monthly savings account that are placed in funds? It doesn’t really have to be a bank in Switzerland, I'm more concerned with fees and that it is in English language.

Maybe any of you banking people have some tips or can point me in the right direction

Many thanks in advance,

//K

there is a thread on this, something about investing x..k it has our views on Swiss funds (read: not very worthwile)

thx, did some searching on englishforum and "Swissquote" was mentioned, I had a look on their site and It looks nice but a bit overwelming.

Maybe its overkill for me, just saving a 2-300 CHF a month. I couldn't realy decipher how much it costs or what kind of account I need etc.

help much needed..... please

//K

Hi Whoop,

A year ago I opened an account with Post Finance for this purpose. They have a limited selection of funds, but what sold me was the simplicity and cost transparency that I couldn't decipher with UBS. The online banking is straight forward and available in English.

cheers,
chris

All the 'retirement funds' in switzerland that give you tax breaks (Pillar 3a they are called) have very limited funds options from government regulation - each bank normally has their 4 choices allong the lines of conservative-dynamic with a more stock:bond ratio in each...they are all pretty dismal performers compared to the open market.

So what you want is a normal investment account and 2-300/month is definitely low in most bank eyes. Credit Suisse has a huge stable of funds, including all the ones from the non-in house firms (and everything available in English), but stock funds have a 2% buying commision with a minimum of 50Fr, so at 300Fr a pop it is distressing and if you like to switch funds every month you would by Mr. credit Suisse a nice little chalet...

Kantonal Bank has funds more directed to 'real' people in that you can invest 100+fr at a regular rate and not be hit so badly. But everything is in german.

Post finance might really be the option because they seem to have info in English on their website, but I have no experience with them...

Andrew