|Interest rates on your Swiss bank account|
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Interest rates depend on what currency your account is in.
Swiss francs accounts pay an interest rate that is usually quite low and there is a witholding tax to boot. This is not very attractive and most people (apart from the Swiss) have their Swiss bank account in some other currency such as US Dollar, British Pound or Euro.
Non Swiss franc accounts pay interest in a slightly different way. Your banker puts the money in a special type of fund called money market fund to get you the interest. There is a small cost (usually below 1%) to move the money into the fund, but there are absolutely no penalties and no notice period when you withdraw money. The minimum needed to enter most of these money market funds is only about $200. In Switzerland, this is the standard way of getting interest on non Swiss currencies.
Rates listed are for information purposes only. They provide no guarantee whatsoever and do not constitute an offer. See our disclaimer.
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