Medium-Term Notes Comparison

Compare Swiss medium-term notes in CHF or EUR and get free quotes.

The leading medium-term notes comparison service in Switzerland.

Medium-term notes ("bank bonds") are a popular investment vehicle, especially in times of market volatility. They are regarded as a conservative form of investment because of their fixed yield rate.

Most medium-term notes are issued with fixed terms ranging from two to eight years, but bonds with one year, nine year and ten year bonds also exist. In most cases, the longer the bond term, the higher the returns offered.

Medium-term notes are generally split into denominations of 1000 Swiss francs (CHF). The minimum investment amount is typically CHF1000, although CHF 5000 minimums are not uncommon.

Generally, the yield rates for longer term bonds are higher than the yield rates offered with savings accounts. However, when you buy medium-term notes, your money is tied up for the length of the bond term (unless your bonds can be sold). Assets held in savings accounts, on the other hand, can be withdrawn following a relatively short notice period.

It's important to note that medium-term notes yields are subject to the Swiss withholding tax of 35%.

Euro medium-term notes offer a slightly higher yield rate than bonds issued in Swiss francs. But buying euro bonds comes with a certain amount of risk, as you could make a loss if the euro falls against the Swiss franc.

Medium-term notes: advantages
+ fixed interest.
+ high security.
+ higher interest rates for longer terms than savings accounts.
+ lower fees compared to funds.

Medium-term notes: disadvantages
- lower flexibility compared to savings accounts.
- lower average return compared to more risky asset classes.

Medium-term notes: selection of banks
Aargauische Kantonalbank (AKB), Acrevis Bank, AEK Bank 1826, Alpha RHEINTAL Bank, Alternative Bank Schweiz, Appenzeller Kantonalbank (APPKB), Baloise Bank SoBa, Banca Popolare di Sondrio, BancaStato, Bank BSU Genossenschaft, Bank Cler, Bank EKI, Bank Linth LLB, Bank Sparhafen Zürich, Bank Thalwil, Cash Zweiplus, Banque CIC, Basellandschaftliche Kantonalbank (BLKB), Basler Kantonalbank (BKB), BBO Bank Brienz Oberhasli, Berner Kantonalbank (BEKB), Caisse d'Epargne de Cossonay (CEDC), Caisse d'Epargne Riviera société coopérative, Clientis Bank Leerau, Clientis Bank Toggenburg, Clientis Biene Bank im Rheintal, Clientis BS Bank Schaffhausen, Clientis Sparcassa 1816, Clientis Sparkasse Sense, Clientis Zürcher Regionalbank, Crédit Agricole next bank, Credit Suisse, Freiburger Kantonalbank, Cembra Money Bank, Genfer Kantonalbank (BCGE), Glarner Kantonalbank, Graubündner Kantonalbank (GKB), GRB Glarner Regionalbank, Hypothekarbank Lenzburg, Jurassische Kantonalbank (BCJ), LGT Bank (Schweiz), Luzerner Kantonalbank (LUKB), Migros Bank, Neue Aargauer Bank, Neuenburger Kantonalbank (BCN), Nidwaldner Kantonalbank (NKB), Obwaldner Kantonalbank (OKB), PostFinance, Raiffeisen, Regiobank Solothurn, Schaffhauser Kantonalbank (SHKB), Schwyzer Kantonalbank (SZKB), Spar + Leihkasse Münsingen, Spar + Leihkasse Riggisberg (SLR), Spar- und Leihkasse Frutigen, Sparkasse Schwyz, St. Galler Kantonalbank (SGKB), Thurgauer Kantonalbank (TKB), UBS, Urner Kantonalbank (URKB), VP Bank (Schweiz), Waadtländische Kantonalbank (BCV), Walliser Kantonalbank (BCVS), WIR Bank, Zuger Kantonalbank, Zürcher Kantonalbank.

Last updates: May 2018

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