CHF accounts with best interest rates: discussion

Which is acceptable.

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For those interested, Raiffeisen is offering a savings account with an interest rate of 2% in certain regions of Switzerland until December 31, 2024 for amounts up to CHF 1,500,000, otherwise the rate is 1.5%.

Please note that the notice period for withdrawing the amount is 180 days, i.e. 6 months.

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Love the recent relatively fierce competition in the Swiss banking sector :grin:

What’s up with the latest UBS’s 1.75% promo?
“For a short time only: invest and save with up to 1.75% interest. Schedule a meeting today and we’ll tell you more”

  • No I don’t want another meeting, I want to open the account and send the money. Why so secretive? :sweat_smile:
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It‘s probably for net new assets only and for a limited period of time - UBS is assuming lower key interest rates, therefore I do not expect that they can keep the 1.75% p.a. for a longer period of time.

Check Raiffeisenbank Winterthur, at least they are transparent and are publishing the T&C.

UBS also offers fix time depots. 3M is yielding 1.06% as of now (27 Feb 2024).

Is this 1.06% yearly interest? 1.06/4

Yes. That’s correct. It’s yearly interest

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I just got a message from WillBE that their interest rate is lowered to 1.30% (<50000chf)

New table applicable as of 22nd March:

Total deposit EUR USD CHF
up to 50,000 3.80% 4.75% 1.30%
up to 100,000 3.50% 4.45% 1.00%
from 100,000 0.25% 0.25% 0.25%

Summary

  • Willbe: 1.3% <50000 CHF / Any withdrawal
  • Cembra: 1.85% no limit? / 20000CHF withdrawal or 6 month notice
  • Radicant: 1.5% <250000CHF / no withdrawal restrictions
  • Cler: 1.8% for one year <250000CHF / withdrawal 20k per year only (a bit obscure conditions imho)
  • Alpian 1% up to 50000CHF and 1.5% after that. - However quarterly fee might apply if deposit is below 50k CHF. / Withdrawal without restrictions (apparently)

am I forgetting anything? I am thinking to move the money from WillBe to Radicant, experiences welcome. Howeveer with recent cuts on SNB rates, I expect some of those also might change conditions.

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Yeah I would wait, more will follow.

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I’m currently with Alpian for 1.5% (from 50’000-1’000’000). Nothing spectacular, the app seems to be a bit overloaded but works pretty ok. However, I also guess that interests will fall down very quickly now. I hope to get clarity how much cash I need soon to move back in equity.

Just when in a month my yearly bonus comes in and I have to convert into USD to invest it….

I’m having a trip to the US next month and this week hurt to watch :sweat_smile: . Should have converted earlier haha

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and a few days later Radicant does the same, effective today:
"Due to the recent interest rate cut by the Swiss National Bank (SNB), you will now get up to 1.25% interest on your everyday account.

  • 1.25% for balance of up to CHF 250,000
  • 1% for balance higher than CHF 250,000"
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WIR is now the best.

Not really… Cembra still better.

This? (1.85%)

See footnote 1; I’m expecting them to react within the next couple of weeks (just like the rest did).

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Yes 1.85%, well WIR keeps 1.8% until 28.02.2025 so @Ardius is right.

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Cembra’s interest dropped today to 1.6%

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