I got an email from them offering on the phone only a USD Fixed Rate Money Market Certificate
with 5% coupon for a year, callable every 6 month.
I suppose they believe that the usd will lose more than 5% against the franc?
The 1-year US treasury yield is currently 5.16% p.a. according to United States 52 Week Bill Yield - 2023 Data - 1962-2022 Historical - 2024 Forecast
This certificate is essentially a lower quality bond than US treasury (secured only by Swissquote) with a slightly lower interest rate.
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No, they are arbitraging between retail and institutional rates. And that is what a bank should do, CS.
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