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Old 12.07.2015, 16:04
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Postfinance: lower interest rates & higher fees

In an interview the Postfinance CEO gave hints towards lower interest rates for saving accounts and higher fees.

It becomes more and more difficult to find interesting investments to protect your savings.
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Old 12.07.2015, 16:41
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Re: Postfinance: lower interest rates & higher fees

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It becomes more and more difficult to find interesting investments to protect your savings.
So spend it all.

Tom
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Old 12.07.2015, 17:47
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Re: Postfinance: lower interest rates & higher fees

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In an interview the Postfinance CEO gave hints towards lower interest rates for saving accounts and higher fees.

It becomes more and more difficult to find interesting investments to protect your savings.
That is by design, Central Banks want you to invest in the stock market to preserve this bubble they have going on for years. Normal savers have been devastated in the last years, partially offset by lower mortgage payments for those who own their house.

I don't know where Switzerland even got its banking reputation from, as all the products in the market are outdated, expensive and dysfunctional at best. UK is decades ahead on infrastructure and on-line offerings. Heck, we don't even have Fast Payments...it's just 4 banks here, how hard could it be.
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Old 12.07.2015, 18:15
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Re: Postfinance: lower interest rates & higher fees

4 banks in CH you don't have a clue......
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Old 12.07.2015, 21:07
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Re: Postfinance: lower interest rates & higher fees

That is the main point you got stuck to? You're right, I forgot the cantonal banks because they are the shittier of them all. That doesn't change the essence and that the majority of people have an account with UBS, CS or Postfinance, one worse than the other in services and offerings but equally expensive.
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Old 12.07.2015, 23:05
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Re: Postfinance: lower interest rates & higher fees

Swiss banks are great because they don't tell anyone anything (And this is obv. changing), not because their online banking is great.

Besides if you had enough money I am sure the service they will give you will be super.

Last edited by Bozza; 12.07.2015 at 23:05. Reason: fixed
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Old 12.07.2015, 23:06
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Re: Postfinance: lower interest rates & higher fees

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That is the main point you got stuck to? You're right, I forgot the cantonal banks because they are the shittier of them all. That doesn't change the essence and that the majority of people have an account with UBS, CS or Postfinance, one worse than the other in services and offerings but equally expensive.
There are hundred of Banks in CH, not a handful as you believe.
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Old 13.07.2015, 01:22
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Re: Postfinance: lower interest rates & higher fees

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There are hundred of Banks in CH, not a handful as you believe.
See FINMA's (Bank Overseer) lists for all the authorised Swiss banks (PDFs). . .
https://www.finma.ch/en/~/media/finm.../beh.pdf?la=en
https://www.finma.ch/en/~/media/finm...aiff.pdf?la=en
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Old 13.07.2015, 10:25
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Re: Postfinance: lower interest rates & higher fees

So 331 authorised banks & security dealers in Ch
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Old 13.07.2015, 12:25
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Re: Postfinance: lower interest rates & higher fees

Brazilian 10-Y bonds:

http://www.tradingeconomics.com/braz...ent-bond-yield
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Old 13.07.2015, 15:24
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Re: Postfinance: lower interest rates & higher fees

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So spend it all.

Tom

I can't
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Old 13.07.2015, 15:27
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Re: Postfinance: lower interest rates & higher fees

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That is by design, Central Banks want you to invest in the stock market to preserve this bubble they have going on for years. Normal savers have been devastated in the last years, partially offset by lower mortgage payments for those who own their house.

I don't know where Switzerland even got its banking reputation from, as all the products in the market are outdated, expensive and dysfunctional at best. UK is decades ahead on infrastructure and on-line offerings. Heck, we don't even have Fast Payments...it's just 4 banks here, how hard could it be.

Banking secrecy and banking laws. Swiss bankers are no better than any others, they just had a set of rules that allowed them to operate outside the scope of taxmen, up until now......
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