Yuh neobank [2024]

[oswand]

No, see my comment: Alpian - New Private Banking Fintech in Switzerland - #90 by oswand

[TeaGhost]

@almi

You won’t get around stamp duty that way, would you?

No, but this way, you could later on sell the assets at sensible cost. Imagine you save with you for 10 years… and then pay 0.5% aka lets say 5k if you want to move from YUH to Postfinance. Ridiculous.

[assemblyrequired]

They offer fractional trading, is a title transfer even possible then?

[fittim]

Should be for integer amounts of shares. I never really understood how this is handled, though. Fractional shares belong to the broker, but is it only the part that is fractional or the entire position? If you have 1.25 if XYZ, is one share handled normally and the 0.25 in a fractional way?

[FunnyDjo]

My understanding is that the whole amount is in fractional shares.
That is why I am not use them as you cannot have only the decimal in fractional shares.

[almi]

As expected with the SNB rate cut, Yuh lowers interest (in the saving buckets, the paying bucket is already 0) to 0.75% from 1st of October.

→ So anyone holding back the provisorial taxes in ZH (1% penalty, previously cancelled out by Yuh’s interest), now would be the time to pay them.

[steve]

Yuh has Zero trading fee for the following ETFs.

Large Cap: World
VWRL: Vanguard FTSE All-World UCITS (CHF)

High Dividend: World
VHYL: Vanguard FTSE All-World High Dividend Yield UCITS (CHF)

Large Cap: Developed World
IWDC: iShares MSCI World CHF Hedged UCITS ETF Acc (CHF)

Large Cap: Switzerland
CSSMI: iShares SMI ETF (CH) Dist (CHF)

Benchmark: Nasdaq-100
EQCH: Invesco EQQQ Nasdaq-100 UCITS CHF Hdg Acc (CHF)

Blockchain
BCHE: Invesco CoinShares Global Blockchain UCITS ETF Acc (CHF)

In the beginning YUH had VANGUARD TOTAL WORLD STOCK (VT), ISIN: US9220427424 and later on they changed it to VWRL: Vanguard FTSE All-World UCITS (CHF).

Does anyone know VANGUARD TOTAL WORLD STOCK (VT), ISIN: US9220427424 also has 0 trading fee?

Right now, I have a Sparplan for NEON Invesco Invesco FTSE All-World UCITS ETF Acc 0.15% TER.
I am thinking to have 3 Sparpläne
1 from Neon

• Invesco Invesco FTSE All-World UCITS ETF Acc 0.15%

2 from Yuh

• VANGUARD TOTAL WORLD STOCK (VT), ISIN: US9220427424, TER 0.07%
• Vanguard FTSE All-World High Dividend Yield UCITS ETF Distributing (VHYL) ISIN: IEO0B8GKDB10, TER 0.29%

When they say 0 Trading fee, this means, you only pay the eidg. Stempelabgabe / Umsatzabgabe.
Is this correct?

This mean they there are no other cost then the Stempelabgabe and you can go for the TER. What do you guys think?

[rezliensa]

If you buy VT on Yuh it will be expensive because of FX 0.95% so I would’nt do that.
cheapest is FWRA on Neon, if you want a second “account” just buy VWRL on Yuh.
And don’t forget 0% is only when buying. When you will sell your positions (Neon+Yuh) it will costs 0.5% anyway.
Of course if you use IBKR that would be the cheapest of all.

[steve]

Thank you guys for your answers!

I made an excel sheet to compare the different costs. In the end VT is so much more expensive per year. 77.1CHF compared to 15-18CHF (ETF with 0 trading fee)

I have an interactive Brokers account. But I don’t understand all the cost.
Can someone explain me in details, so that I can add it to the excel.
Everyone says IB is cheaper… but what does this mean in numbers?

[humba]

there’s plenty of threads in this forum around cost of VE versus IE/Lux based ETFs. Here’s a few links I got by searching for ‘VT’ in this subforum:

IBKR(VT) vs Neon(FWRA)

Hello everyone I am planning to invest at least 1000 per month in an ETF (possibly larger amounts later on). Now that I have done some research, I have shortlisted two brokers: IBKR and Neon. With IBKR I would probably go for VT, due to the lower TER (0.07%). With Neon, I would go for FWRA (TER 0.15%), as it can currently be bought with the savings plan without brokerage fees. The question is, of course, whether this offer will remain the same for the next 10 or 20 years (I doubt it). Whether …

Switching my portfolio from VWRL (Degiro) to VT (IBKR)

Hi everyone, I have just moved all my Vanguard VWRL from DEGIRO to InteractiveBrokers. I’m wondering, this should not affect the tax in any way is that correct? Is there a specific way to handle this during tax declaration? (also I’m now planning to sell all of them to buy VT instead and benefit from the DA-1, so probably the transfer was not needed, but at least it should be faster to re-buy VT.)

The IBKR Q&A should also prove interesting to you:

Interactive Brokers Q&A [2024]

Do you know if I can choose which stock to loan out under the Stock yield enhanced program?

Your cost structure at IB will be quite different. There’s a 0.03% conversion fee for currencies (more about that here, or you’ll do the conversion manually (depending on the amount it’s cheaper or more expensive to use the AutoFX). There’s no Stempelsteuer at IBRK since it’s not based in Switzerland and then there’s the witholding tax thing (more about it in the IBKR Q&A that I linked to previously, here’s a sample calculation and you’ll find many more in this forum). So you’d have to add that to the cost of VHYL/Invesco as well when comparing to VT@IBKR.