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.

Here is an indication of the annual interest rates paid now on money market funds for a few currencies. Please bear in mind that these rates change all the time and this table reflects the situation at the time of writing.

	Money market funds rates
	Currency	Interest rate
	US Dollars	1.28%
	British Pounds	3.50%
	Euros	2.70%

(As of May 2002)

Rates listed are for information purposes only. They provide no guarantee whatsoever and do not constitute an offer. See our disclaimer.

Другие страницы, представляющие интерес

Fiduciary deposit With fiduciary deposits, you can yield high returns and are not subject to the advance tax. What is more, fiduciary deposits offer a high level of confidentiality. Money market funds: low risk, good return Money Market Funds: over 5% for a no-risk and totally liquid investment: This instrument allows you to buy a share in an investment fund in foreign currency on the monetary market