Hi everyone!
Based on this discussion, I was also looking for the accounts in EUR with the best interest rates for Swiss residents.
I know the LLB one can also be opened in EUR with 3.6%, but I already opened it in CHF and it seems that only one is possible.
Do you know any other?
Thanks!
Ah yes thanks!! I didn’t see that option.
In your opinion is it the best one even in EUR?
DKB: 3.5% p.a.
IB: 2.93% on amounts above 10k.
WillBe 3.6% until 50k
Would you consider IB for saving ~100K euros compared to saving accounts or fix term deposits in Swiss Banks?
Current interest rate (~3.4%) is much higher than Swiss Banks offerings.
On the other hand the credit rating is lower than systemic Swiss banks (e.g. ZKB, Postfinance).
I believe the mother company has a credit rating of BBB+ while the broker has a rating of A-. However, I am uncertain about which one has a greater impact on the likelihood of going bankrupt or losing cash.
No, I would go with Willbe with 3.8% p.a.
Somehow, I like to keep cash at IB at a minimum, since securities are safe, ik case IB goes bust.
It’s not a bank tho, so not sure it’s relevant (e.g. it’s not borrowing short to lend long and doesn’t carry that kind of risk).
That said I’d probably put it in some short term sovereign bond etf or MMF.
Update: I even found Trade Republic, who offers 4.00% p.a. on EUR, up to 50k:
Trade Republic 4.00% p.a. until 50k.
Update: I even found Trade Republic, who offers 4.00% p.a. on EUR, up to 50k:
Not available for swiss residents.
Just buy a money market etf like XEON at ibkr.
So I was charged the withholding tax in 2023 and thus makes sense to fill in this form now. Am I doing it right?
For others who might need it, here is the form: https://dok.dkb.de/pdf/erklaer_abst_kest.pdf
And this should be the link to upload it once filled/signed: DKB Banking
My guess is that you have to choose only one option. Probably 4.
XEON is good if you buy in EUR, but what is the alternative for Swiss traders in CHF? As if I have a look at XEON in CHF it’s not so reliable.
Well this thread is about EUR. There are entire threads about CHF options (savings accounts, MMFs, etc)
Sorry you are right, I was actually checking for MMFs for Swiss residents and I could not find anything - thus I ended up in this post as one of the few mentioning XEON.
Most Swiss banks offer MMFs in CHF: Pictet, ZKB, Lombard Odier, UBS, Swisscanto, Vontobel
I actually use Degiro as in the past I did not have a good experience with UBS. But given the fact that Degiro does not seem to have many MMF available I might have to consider going back to UBS or Swisscanto.
Most people here use IBKR, that has everything.
There are also plenty of CHF MMf as mutual funds available there. There might be some available on Degiro.
There is also a less secure etp available in CHFO
Check this topic for CHF MMF CHF Money market funds [2023]
