Updated on 20 January 2019
Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.
Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Switzerland: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 24 month to 10 years (120 months).The interest rates are within the range 0.00 - 1.50 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Switzerland.
Time deposit accounts made with credit institutions in Switzerland are covered by deposit guarantee scheme up to 100 000 CHF per depositor.
Switzerland's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).