BCVS Youth Savings Account

Youth savings account

General information:

The youth savings account can be opened by the legal guardian(s) or by the child him/herself.
Not suitable for payment services.
Up to 24 debits per year free of charge, above CHF 1.50 per debit.

Age:

For individuals up to the age of 20.

Account type:

Youth savings account

Currency:

CHF

Interest rate:

Up to CHF 20,000: 0.5% per year.
From CHF 20,000 to CHF 250,000: 0.025% per year.
From CHF 250,000 to CHF 500,000: 0.01% per year.
From CHF 500,000: 0% per year.

Withdrawals:

From the age of majority of the holder: Withdrawal possibilty: CHF 50,000 per year. Larger amounts are subject to a notice period of 1 month.

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:

Not specified.

Minimum deposit:

Not specified.