Interest rates on Swiss savings accounts continue to fall

Swiss savers are having to make do with ever lower interest rates. A number of banks no longer pay any interest at all on savings accounts. The differences between the institutions are currently particularly large, according to the comparison service Moneyland.ch. +Get the most important news from Switzerland in your inbox On average, adult savers still receive an interest rate of 0.11% on a Swiss savings account, Moneyland.ch found in a comparison of interest rates at 85 Swiss banks published on Thursday. This means that an average interest rate of CHF1.10 ($1.40) per year is still being paid on a balance of CHF1,000. Just six months ago, the average was 0.18%. Savers receive the best conditions at regional banks. For example, a savings account at the Caisse d'Epargne d'Aubonne in Vaud pays an interest rate of 1%. The catch: only a maximum of CHF10,000 can be withdrawn per year without cancellation. The savings interest rates at Ersparniskasse Rüeggisberg (0.4%) and Bank EKI ...