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Old 14.04.2021, 18:41
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Re: PostFinance upping their fees

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most of us were brought up in a world where swiss banks paid interest on cash deposits. That world effectively came to an end in switzerland in 2008.

In the new swiss world the 3 month chf libor interest rate has been -0.75% for >10 years. Swiss banks have to find new ways to pass costs on to us which is why we are seeing new fees

this is driven by eu government policies not globally but contenentaly to avoid a crash in asset prices and economic collapse, it is not the fault of the swiss banks.

The impact is a transfer of wealth from prudent swiss savers holding cash at the swiss bank to subsidize swiss people investing in swiss assets like swiss property and swiss shares whose swiss prices have both rocketed. If you aren't part of the latter swiss group you are on the wrong side of eu government policy
fify!!!
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