Medium-Term Notes & Fixed Deposits
GRB Youth Savings Account
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Youth savings account
General information:
Not suitable for payment services.
Age:
For individuals up to the age of 20.
Account type:
Youth savings account
Currency:
CHF
Interest rate:
Up to CHF 50,000: 1.25% per year.
From CHF 50,000: 0.8% per year.
From CHF 50,000: 0.8% per year.
Withdrawals:
The parents manage the account until their child reaches the age of majority. Withdrawals are only possible in exceptional cases.
After the holder reaches the age of majority: withdrawals of up to CHF 10,000 per month are possible without notice. For larger withdrawals, a notice period of 3 months applies.
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.
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