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Old 10.02.2012, 14:34
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Re: At which bank in CH do you get good interest rate in saving account for 2012?

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Maybe I should take the money out of my savings account and pay off a portion of my mortgage.
Depending on your mortgage interest rate, you may not be better off. We pay .7% and earn 1%, so about the same after the 35% taken off.

Once you pay off your mortgage you can't get that money back out without re-negotiating your mortgage and taking your earnings into account. Your financial situation may change, since you don't know what is around the corner when you need that money back - having kids, wife stops working or switches to part-time work or you become unemployed. I think we are better off not paying back our mortgage and saving the money instead.

In countries with a re-draw facility we paid extra and left a small mortgage.

BTW post finance is dropping their interest rates from 1% as of 1.3.2012. Time to move our money but to where?
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Old 10.02.2012, 14:45
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Re: At which bank in CH do you get good interest rate in saving account for 2012?

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In this low interest environment, I seriously don't care about a few basis points difference. You need a couple of millions to really feel this imoact, with my saving account, I couldn't be bothered to bring the effort to change the bank for a hand fullmof franks annually.....

Look at the entire package, not only interest. Cost of credit cards, services and so on.
Switching to Postfinance means you can get rid of your EC cards. Their Postcard works in CH like an EC That's another 80 CHF of benefits
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