Swiss bank accounts pay low interest rates
Worldwide interest rates are low at the moment and are a symptom of central banks cutting rates in an attempt to stimulate economic growth, Switzerland is no exception. “Parking” money in low interest bank accounts is not a strategy anyone should be following unless money is needed for immediate use. Therefore interests rates should be of little consequence, unless you want to borrow money off your portfolio, in which case low interest rates are what you want! Many of our clients are from emerging market economies. They are heavily exposed through their businesses interests and existing investments to the volatility of emerging markets. Many of them want to de-risk their portfolio’s and seek the security of hard currency assets, blue chip global stocks, government bonds and property. Their Swiss account allows this.