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Dear sir/madame,
We are a couple domiciled in Cyprus. For the past 5 years we have had a wealth management plan at BSI bank (now EFG bank).
We want to invest our money with another Swiss bank and change our investment plan.
Our question is: Are there Swiss banks which offer fixed-rate investments?
Thank you for getting back on this.
With kind regards
Hi there,
In Switzerland fixed deposits are bank accounts which pay out interest at a fixed rate for assets deposited at the bank for a term of 1 month to 12 months. These do not currently offer attractive interest rates.
Medium-term notes provide an alternative fixed-rate investment vehicle. These are available with terms of up to 10 years and deliver higher interest than fixed deposits. You can use the medium-term note comparison to compare notes offered by Swiss banks.
Savings accounts provide a risk-free investment and are generally offered free of charge by most Swiss banks. But interest rates are not fixed, so returns are not guaranteed. The savings account comparison lets you compare interest rates currently offered by Swiss banks.
Investing in securities (through an online stock broker, for example) can potentially deliver higher returns, but returns are not fixed or guaranteed. You may also lose money. Yields depend on the performance of investments and on the fees charged by brokers. You can compare Swiss brokers using the online trading platform comparison.
Buying shares in investment funds like exchange traded funds is a way to invest without having to actively manage your investment. Investments are managed by the investment fund. Here to, there is no fixed rate of return. Yields depend on the performance of the fund and the costs involved. Some Swiss banks offer investment fund accounts - investment accounts through which assets are invested in investment accounts. These also have variable rates of return based on fund performance.
Using an asset management service is an option if you have substantial assets. Your assets are managed and invested on your behalf, without a great deal of involvement on your part. However, you do not earn returns at a fixed rate. Profits depend on the performance of investments and the fees charged by the asset management service. You can compare the costs of Swiss asset managment services using the private banking comparison.
Best regards from Moneyguru
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