Best Place to Park 50k CHF in Cash for Higher Interest Without Fixed-Term Deposit?

I’m looking for the best option in Switzerland (banks or fintech apps like Yuh) to park my CHF cash and earn a higher interest rate without locking it into a fixed-term deposit, as I may need access to the funds at any time. It’s 50k for the moment and can increase to 100k during the year

I recently noticed that UBS savings accounts now offer higher interest rates than Yuh. ( 0.25%)

https://www.ubs.com/ch/en/services/accounts-and-cards/interest-rates-privates.html

Any insights or recommendations would be greatly appreciated!

Side question: Does anyone know if UBS calculates and accrues interest daily or monthly?

MMFs are yielding 0.5% ish

(But we’re getting close to the point where just cash in bank is the best liquid option)

(Non liquid option, prepaying taxes is pretty advantageous at the moment)

4 Likes

Zak sparen, 0.75% and you can deduct 50k without any notice and more with 3 months notice period.

1 Like

Definitely. When we hit 0% SNB rate, a mmf will cost you the TER, while the bank account at least is not minus return.
And at 0.25% a mmf will yield you 0.15% tops. And considering transaction costs, might as well be zero at that point also.

1 Like

Agreed
As soon as rate goes down to 0.25% , MMF should be sold

1 Like

Thank you! I am confused though as I was asking for options within traditional deposit and savings accounts, but everyone (except Balaclava) was talking about different investments :sweat_smile:

Thank you. Is Zak sparen considered a safe place? I have never heard about it yet :smiling_face:

Yes it is an offering from bank cler which belongs to the cantonal bank BLKB + its covered up to 100k by esisuisse.

2 Likes