BKB Youth Savings Account

Youth savings account

General information:

Not suitable for payment services.

Age:

For individuals up to the age of 26.

Account type:

Youth savings account

Currency:

CHF

Interest rate:

Up to CHF 20,000: 1% per year.
From CHF 20,000: 0.65% per year.

Withdrawals:

The parents manage the account until the child reaches the age of majority. Payouts are only possible to a limited extent.
From the age of majority of the holder: Withdrawal possibilty: CHF 50,000 per year. Larger amounts are subject to a notice period of 3 months.

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 costs CHF 20.00.

Termination of banking relationship:

Not specified.

Minimum deposit:

Not specified.