Updated on 8 September 2024
SwitzerlandCrédit Agricole next bank (Suisse) S.A. specializes in providing retail banking products and services, specially intended for private individuals. The range of products offered by Crédit Agricole next bank (Suisse) S.A. includes current accounts, salary accounts, credit cards, savings accounts, and mortgage loans both in Switzerland and in France.
SwitzerlandCembra 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.
SwitzerlandAEK Bank was founded in 1826 as a non-profit institution by businessmen from Thun to create a facility for safe savings and easy financing. AEK Bank AG is focused on providing retail and business banking products and services (mortgages and business loans, customer savings and deposits) to local residents.
SwitzerlandBank CIC (Schweiz) AG was established in 1909 and operatesas a universal bank with local roots. Bank CIC (Schweiz) AG is a member of Crédit Mutuel-CICinternational cooperative banking group. Bank CIC (Schweiz) AG provides a broad rangeof retail, private, corporate and investment banking products and services.
SwitzerlandRaiffeisen 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.
SwitzerlandMigros 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.
Switzerlandacrevis Bank AG traces its roots back to 1854 when Kreditanstalt St. Gallen was founded. In 2011 acrevis Bank AG was created through the merger of Bank CA St. Gallen and swissregiobank. acrevis Bank AG is focused on providing retail and business banking products and services (mortgages and business loans, customer savings and deposits) to local residents.
SwitzerlandFounded in 1856, Credit Suisse is a Swiss-based international financial company operaing as universal bank in Switzerland and offering wealth management and investment banking solutions on the international markets. Credit Suisse AG was a 100% subsidiary of Credit Suisse Group AG, the central entity. In March 2023, Credit Suisse AG was acquired by UBS AG.
SwitzerlandUBS 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 accounts 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 Switzerlandis taxed at 35.00% rate. Interest gained on time deposit accounts by non-residents of Switzerlandis taxed at 35.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
