On November 1, 2015, PostFinance interest yields will drop once again. The financial services provider justifies the cut by citing the ongoing negative interest rate environment and a shortage of investment opportunities. Additionally, PostFinance is still unable to offer its own mortgage and loan solutions, but must rely on partner banks to provide these services.
With regards to yield rates, PostFinance remains conservative and the yields which it offers are among the lowest in Switzerland.
PostFinance yield rate changes effective from Novermber 1, 2015.
Savings account CHF: Yield rate will be slashed from its current 0.1% to 0.05%
Savings account EUR: Yield rate will be slashed from its current 0.1% to 0.05%
E-savings account CHF: Yield rate will be slashed from its current 0.15% to 0.1%
E-savings account EUR: Yield rate will be slashed from its current 0.15% to 0.1%
Retirement account 3a: Yield rate will be slashed from its current 0.75% to 0.5%
Vested benefits account: Yield rate will be slashed from its current 0.3% to 0.2%
Business account: Yield rate will be slashed from its current 0.01% to 0%
Association account: Yield rate will be slashed from its current 0.01% to 0%
Comparing these yield rates with those offered by other banks is (financially) worth your time. The new rates have already been featured into the unbiased moneyland.ch comparison tools.
More on this topic:
Swiss savings account comparison
3a retirement account comparison
Vested benefits account comparison
Swiss business account comparison
