CHF accounts with best interest rates: discussion

Yeah that is the thing I am considering, not sure if it is ultimately worth it, as you can get ~1.3% “risk-free” (short term deposits at cantonal banks with state insurance), so that would be 4.5k more per year for a higher risk (although it is still very small)

The IB fee is fine, I meant the MMF TER. They are around 0.1% for most MMF, which is pretty significant (almost 6% of the yield for a YTM of 1.7%).

Do you have an ISIN for IB, regarding the MMF you recommend?
Today I had a look on a iShares ultra short term bond with 0.06% TER.

Short guide to CHF fixed income options has a nice overview over the different options. I guess the best one depends on your risk profile.

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otoh, clientis would also mean ~1.6% for 1m.

Hi there !

Have you tried to deposit to WiLLbe account or withdraw from it with IBRK ? I guess it can be problematic because brokerage accounts are typically Omnibus accounts without a personal IBAN assigned what most probably breaks their validated account rule.

“A validated account is a registered account that is specified when creating a savings plan/standing order and validated when the first successful deposit is made. An account can be registered but not yet validated. The registered account must be in the customer’s name in order to be validated”

“Due to legal requirements, we can only accept payments where the account holder of the sender account matches the wiLLBe customer.”

I would like to park temporarily my USD that I have currently at IBRK at willBe instant access account without transferring it to CHF first - I have Swiss bank account and can transfer them through it.

0.1% sounds ok, what do you think the margin of the bank on savings accounts are? (my guess is that it’s more than that).


You‘re giving the reason yourself. The account holder is IBKR.

Pretty sure if you’re bringing a million in deposits you can negotiate to get the SARON rate wrapped on the entirety of that million, not just the last 900k

For most saving accounts I assume so, too. Probably in a similar range to the mortgage margins (0.6% - 0.8%, maybe 0.4% if a bank is very competitive / wants to bring in new customers)

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bank wir just announced their savings account ‘plus’ (1.8% for now) will be converted to a ‘loyalty’ one after 31.3.24. basically same withdrawal conditions, rate will be a minimum of 1.35%.

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I am a bit disappointed that they kept the same withdrawal conditions.

it’s an ok offer, certainly not great. rate would be comparable to the average fixed term deposit as of now, i.e. potentially interesting for lowish amounts (20k p.a. without notice).

Not sure if it’s been posted already, but Credit Suisse is offering 1.5% on a Savings Account Plus. Max 50k, then standard rates (0.75 % I think). Withdrawal limit 50k per year, above that 3 months notice. Money must come from other banks (not CS or UBS). Offer seems to end Sept 29th.

I have an account and got a pop-up advertising this, not sure if it’s available for new customers too. I called to confirm that it’s not part of a package with obligations or other strings attached (e.g. credit card with monthly fee). It is legit and I opened one. Interest rate is locked for 1yr then they’ll see.

Does it mean CS hasn’t updated their webpage yet (link)? According to it, CSX savings account gives 0.75%, and only CSX savings account Platinum gives 1.5%. However, I haven’t found information if Platinium means that it comes in some packet with other paid bank services. Do you have any insight?

As CSX user, I see it linked in the app as a banner. Offer is until Sep 29th and to get it, you have to call their at a published phone number. I guess normal account signup would work but seems to be phone only.

Yes this offer is different from Platinum, but I think the offer pops up only to account holders and it is opened by phone only. Although a non-user could try to call and ask.

CSX Platinum fact sheet lists the credit cards in the package, with some quite high fees, I would think you are bound to order one but I am not sure, I don’t use that account type.

Starting from October Yuh offers 1% interest on unlimited deposits, just got a info in the app.

just read bank cler’s withdrawal conditions again for their savings acount plus and noticed the 1.65% is basically a ‘sticker rate’ only (for >20k), right?

my ‘best rates’ post currently states:

for 1 year, 6m notice for >50k p.a., to not lose bonus interest (1%): max 20k within that year & no notice within that year

so you have to add another 6 months after the year of bonus interest, for that period you no longer get the additional 1% tho. so the 1.65% for a year basically means 1.32% for 1.5 years, right? i’d like to clarify so i can update the post accordingly / if useful.

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That’s also how I understood it. I would generally not recommend Bank Cler, they closed my account for compliance reasons and did not even inform me about that (only found out because my login no longer worked, support did not even know the reason when I called them). Reviews in the internet are also horrible.

I just saw that Alpian now pays 1.5%, starting from the first franc:
One of the best offerings in my opinion, as this is a normal account that you can use for payments.

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wow, that’s odd.

it’s 1% for <=50k, not bad tho.