Swiss bank interest rates have historically been fairly flat, with the average interest rate from 2000 through 2013 hovering around 1.3 percent. The upper high was 3.5 percent in 2000 and the record low during this time was 0.0 in 2011. Interest rate decisions are made by the Swiss National Bank and is based upon the three month Swiss franc Libor. It regulates every three months through financing and liquidity absorption. These transactions are short term.
Some of the Swiss Banks have a minimum deposit requirement, with the majority of opening deposits starting from about £100,000. There are some Swiss banking institutions, however, that work with smaller capital deposits. The higher the deposit / funds in the offshore account, the greater the flexibility of the bank with regards to banking fees and costs, without compromising security and privacy.
As with any offshore banking jurisdiction, each financial institution contained therein has a different value proposition. This allows flexibility and full choice for the investor / depositor and enables the 'best fit' of Swiss Banks for the individual financial requirements. Selecting the right offshore bank for you is vitally important as the security and profitability of your finances are at stake. The Offshore Company UK can advise you and aid your selection of Swiss offshore banking provider to ensure your financial needs are being met.
The Swiss economy with a population of 7.785 Million (Est 2009) ranks 38th in the world with a GDP PPP of 312 billion and GDP PPP per capita of 40,484 vs 45,934 (United States) according to the IMF in 2009. Its currency is the Swiss franc (CHF). Bank deposits held for a fixed term in Switzerland are called time deposits. According to CIA.gov its inflation was 2.4% in 2008 and -
Highest Deposit Account Rates in Switzerland
Deposit Account Type Term APY Account Details
UBS Switzerland 1 Year Time Deposit 1 year 0.125% Deposit requires a minimum of 5000 CHF and is applicable for a 1 year and 1 day term.1 yea -
Credit Suisse 1 Year Time Deposit 1 year 0.05% -
Interest rates are not to be confused with low investment growth potential. You want high interest rates if you are saving, low interest rates if you are borrowing. If you could borrow money at 0.5% and re-
“Parking” money in low interest bank accounts is not a strategy we advise. Even the most cautious of investors have a selection of secure ultra-
Many clients are from emerging market economies. They are heavily exposed through their businesses interests and past investments to the volatility of emerging markets. Many of them are invested outside these markets through their Swiss accounts to provide stability and direct access to blue chip global stocks, government bonds and other major currencies.