It currently pays 0.5% interest, while the rate of inflation Switzerland is 0.9%.
Swissquote's Dynamic Savings account currently pays 1.764%
This is the best of the non-youth accounts I can see . . .
Is there any point using a UBS savings account at all?
We binned our UBS savings and went with a PostFinance eDeposito instead. http://www.postfinance.ch/pf/content...dep/offer.html
so 1.85 % by post finance is the best ?....thats lousy
We did the same - it's the best I could find when I looked about 9 months ago.
The best thing to do IMHO is use your account just for salary and payments etc but not to actually save any of the excess. Transfer all excess into fund packages or similar where you'll get far better returns.
I guess the question is one of risk. If you'd done this two years ago you'd have lost money. I agree that the risks are lower now . . .
Some of the lower risk funds have gained or at least held their ground even in when the rest were declining, but still outperformed savings accounts in the long term.
1.5% for over-20s saving CHF.
How can you be sure that the risks are lower now?
I found the bank account comparison tool on comparis useful when trying to find a new savings account for my now ex-UBS savings: http://en.comparis.ch/sparzinsen/default.aspx
I agree, the UBS interest rates suck. I think they just rely on people being too lazy to check/switch accounts.
That's what I used to find the SwissQuote account . . .
Well you're never sure about a risk are you . . . that's why it's called a risk. Seems to be somewhat of a meta-question you're asking . . .
Why do I think the risks are lower? Merely because most commentators are saying the chances of another recession (double-dip) aren't high. And even if there is, it wouldn't be a collapse from such a great hight as last time around.
Any idea about ZKB's savings account interest rate?
0.5% right now.
They also have a "Anlagesparkonto" with 0.75% but that has tighter restrictions.