Savings Accounts in Switzerland

[Deleted User]

Hi,
it would be great if someone could help me out here.

I am a swiss citizen but live in the UK.
I have a savings account with a bank in switzerland - but the interest rates are so terrible with every bank I have tried there. the best I can find is 2%.

My savings are in francs so if anyone knows a good savings account without having to change currency, please let me know

thank you

Michael

techno_geek

You would only be able to have savings in Euros, US Dollars or Pounds Sterling at a UK bank... you're best off leaving your savings where they are unless you're willing to make the change to a different currency.

The best rates are generally in Sterling savings accounts... US$ and € accounts generally have paltry interest rates unless you have large sums of money to save, and such accounts are generally "off-shore" accounts run by subsidiaries of UK banks.

I would imagine it also depends on your residential status in the UK - if you're here for the long-term, you might be best off converting some or all to GBP and looking at the top-rated savings account reccommended by MSE.

grumbler

techno_geek wrote:

You would only be able to have savings in Euros, US Dollars or Pounds Sterling at a UK bank... .

In fact 'savings' :rolleyes: accounts are available (Citibank UK for example) in:

Swiss Franc, Japanese Yen, New Zealand Dollar, Australian Dollar, Canadian Dollar, Singapore Dollar, Swedish Krona, Hong Kong Dollar.

However, interest rate on Swiss Francs and Yens is ..... 0%:D - even on balances above £175K . For other exotic currencies maximum interest rate is just 0.75% ...

[Deleted User]

thank you both for your replies,
I am getting about 1.5% interest at the moment in a swiss bank- so maybe I should just be content with this.

thanks