Updated on 18 January 2020
Crédit Agricole Financements (Suisse) S.A. specializes in providing retail banking products and services, specially intended for private individuals. The range of products offered by Crédit Agricole Financements (Suisse) S.A. includes current accounts, salary accounts, credit cards, savings accounts, and mortgage loans both in Switzerland and in France.
Established in 1826 AEK BANK 1826 Genossenschaft is a savings bank, focused on providing retail banking products and services (mortgages and corporate loans, customer savings and deposits) to local residents.
Bank CIC (Schweiz) AG was established in 1909 and operates as a universal bank with local roots. Bank CIC (Schweiz) AG is a member of Crédit Mutuel-CIC international cooperative banking group. Bank CIC (Schweiz) AG provides a broad range of retail, private, corporate and investment banking products and services.
Raiffeisen Group is a Swiss banking group consisting of about 300 local cooperative Raiffeisen banks, specializing in retail banking. Raiffeisen Group creates a framework for activities of the local Raiffeisen banks (for example IT, infrastructure, refinancing), advises and supports Raiffeisen banks in all matters as well as provides mutual liquidity pool for the Raiffeisen banks.
Migros Bank was founded in 1958 by Gottlieb Duttweiler. The bank operates as a subsidiary of Migros Cooperatives Federal. As a cooperaive bank Migros Bank states good customer relationships rather than profit maximization as a goal. This allows Migros Bank to offer both private and commercial customers the most important banking services of good quality at attractive conditions.
Established in 2002 acrevis Bank AG is a savings bank, focused on providing retail banking products and services (mortgages and corporate loans, customer savings and deposits) to local residents.
Founded in 1856, Credit Suisse is a Swiss-based international financial company. Credit Suisse is one of the largest universal banks in Switzerland offering comprehensive advice and a broad range of retail, private, corporate banking products and services to individuals, corporate and institutional clients. On the international markets Credit Suisse offers wealth management and investment banking solutions.
Cembra Money Bank, headquartered in Zurich Altstetten, is dedicated to create financial flexibility for its customers providing "flexible solutions for individual objectives". Cembra Bank offers loans, leasing arrangements, credit cards and savings products.
UBS Switzerland AG was established in 2015 to improve the resolvability of UBS Group in response to regulatory requirements. UBS AG's Retail & Corporate and Wealth Management businesses in Switzerland were transferred to newly founded UBS Switzerland AG.
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.
Country Deposit Rating. Switzerland's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aaa (prime).
Deposit Guarantee. Time deposit accounts made with credit institutions in Switzerland are covered by deposit guarantee scheme up to 100,000 CHF per depositor.
Withholding Tax. Interest gained on time deposit accounts by residents of Switzerland is taxed at 35.00% rate. Interest gained on time deposit accounts by non-residents of Switzerland is taxed at 35.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.