Credit Cards

Migros Bank Youth Savings Account Free25

  • Youth savings account

General information:

Not suitable for payment services.
12 cash withdrawals or purchases per year are free of charge.
Max. 2 accounts per customer.
The Youth Savings Account Free25 can be opened only if you open or already hold a Private Account Free25.
The account is opened by the youth or young adult and is in their name. Parents generally have no access.

Age:
For individuals between 12 and 25 years of age.
Account type:
Youth savings account
Currency:
CHF
Interest rate:
Up to CHF 25,000: 1.25% per year.
From CHF 25,000 to CHF 100,000: 0.75% per year.
From CHF 100,000: 0% per year.
Withdrawals:
Withdrawals up to CHF 20,000 per month are allowed without notice. There is a notice period of one month for higher amounts.
Account opening fee:
The account opening is free of charge.
Account management costs:
The account management is free of charge.
Closing of account fee:
The closing of account is free of charge.
Termination of banking relationship:
The termination of the banking relationship is free of charge.
Minimum deposit:
Not specified.