I came across Alpian bank, the first digital private bank in Switzerland. While it offers investment features, I find them unattractive compared to using the IBKR broker for investments. On this investment point, there is this review and discussions, which I find helpful; the general conclusion is that it seems better to just use a plain broker to invest.
However, I think Alpian does have one interesting point worth further discussing: its monthly interest rate for deposits is 1%, which is surprisingly high! Doesn’t this makes Alpian an attractive option for an everyday banking card? If I deposit 10,001 CHF and receive over 100 CHF per month, then this is attractive, even after taking the managing fee of 22.5 CHF per quarter into account.
Of course Alpian is a small bank, so I won’t deposit too much into it. But since it is Swiss licensed, deposits below 10,000 CHF are protected by Esisuisse.
Is there a catch? Can’t everyone just deposit 10,000 CHF into Alpian and gain 100 CHF monthly? I’m unsure if I miss anything—your suggestions are welcome!
TL