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Savings account interest Switzerland: The 10 best savings accounts in comparison

Saving is simply «good form» in Switzerland - whether for emergencies, major purchases or future dreams. But what many people overlook: The savings account itself can become a wealth destroyer if you don't pay attention to the Interest pay attention.

Because while your money is dutifully sitting in your account, the Inflation quietly loses its purchasing power. With 0 % interest and 2 % inflation, CHF 10,000 shrinks to CHF 9,800 purchasing power in just one year - without you doing anything.

The good news? There are much better savings account interest rates if you're willing to take a closer look. We'll show you in this article, Which banks in Switzerland currently offer the best interest rates, what you should look out for when making a comparison and how to get the most out of your savings.

As at 2 October 2026. No guarantee as to the accuracy or timeliness of this information. Interest rates per annum in CHF.

Comparison of savings account and fixed-term deposit interest rates, as at 2 October 2026
ProviderProductInterest per annum.Amount limitWithdrawal limitPromotionOffer
Caisse d'Epargne d'AubonneCompte épargne Jeunesse1,25 %no limit specifiedCHF 30,000 per quarterView the offer
CembraKassenobligation 10 Jahre1,20 %from CHF 20,000 to CHF 1 million per transactionnoneView the offer
CembraKassenobligation 5 Jahre1,00 %from CHF 20,000 to CHF 1 million per transactionnoneView the offer
CembraKindersparkonto1,00 %no maximum amount6 months’ noticeView the offer
Bank BSUSparkonto Spezial1,00 %no limit specifiedNone until 31 December 2026until 31 December 2026View the offer
VZ VermögensZentrumSparkonto Plus1.00 % (8 months, then 0.25 %)Promotional interest rate for up to CHF 100,000 in new deposits; above that, the VZ Savings Index appliesCHF 100,000 per year8 months from openingView the offer
Caisse d'Epargne d'AubonneCompte épargne Plus1,00 %no limit specifiedCHF 10,000 per yearView the offer
CembraKassenobligation 2 Jahre0,85 %from CHF 20,000 to CHF 1 million per transactionnoneView the offer
Helvetia (ehem. Baloise Bank)Sparen Bonus0,75 %up to CHF 1 million; above that, 0.01 %CHF 15,000 per monthView the offer
CembraSparkonto Plus0,60 %no maximum amountCHF 20,000 every 180 days; beyond that, six months' noticeView the offer
Willbe (LLB)Festgeld CHF 1 Jahrup-to-date in the appup to CHF 250,000noneTo the test report
BLKBAnlagesparkonto Plus0.25 % (0.025 % + 0.075 % loyalty + 0.15 % new money)New funds bonus of up to CHF 10 million.CHF 10,000 per yearView the offer
Bank ClerZak Sparen0,20 %up to CHF 100,000CHF 50,000 per yearTo the test report
Migros BankAnlagesparkonto mit Treuebonus0.20 % (0.10 % + 0.10 % loyalty bonus)up to CHF 100,000, above that 0.10 %CHF 25,000 per quarterView the offer
BPS (Suisse)Depositenkonto0,10 %up to CHF 300,000; above that, 0.05 %CHF 15,000 per monthView the offer
ValiantSparkonto0,05 %up to CHF 50,000; above that, 0.00 %CHF 25,000 per monthView the offer

Table of contents

The best savings account interest rates at a glance

We have the 10 best savings accounts in Switzerland and summarised for you in a clear table. You can see at a glance:

  • Which bank offers the highest interest rates
  • Whether there are restrictions or conditions of action
  • Which banks are also attractive in the long term.

Before you click through the table, here are a few tips on how to correctly assess the interest rates:

  • Interest rate vs. promotional interest rate: Many banks lure customers with short-term high interest rates, but only for new customers or limited amounts.
  • Withdrawal limits: Not every savings account allows you full access to your money at all times. Check the conditions carefully.
  • Interest periods: Pay attention, how often interest is credited - yearly or monthly can make a difference in your planning.
  • Flexibility vs. return: Higher interest rates are often only available with longer commitment periods or restrictions.

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Compare savings account interest rates - this is how you proceed

Before you decide on a savings account, go through the following 5-point checklist:

  1. What is the current interest rate and for how long is it valid?
  2. Is there a maximum deposit amount for the advertised interest rate?
  3. How flexible is access to your money (key point: withdrawal limit)?
  4. How often will the interest be paid out to you - monthly or annually?
  5. What is the bank's fundamental position (keyword: deposit protection, reputation, trust)?

Pitfalls to watch out for with savings accounts and their interest rates

  • Promotional interest: Often only for new customers - after a few months, the interest rate on the Swiss call money drops to a minimum that is no longer as attractive as expected.
  • Withdrawal limit: Many savings accounts only allow limited withdrawals per year, e.g. CHF 25,000 without prior notice. Fees may be charged if this limit is exceeded. Bear this in mind when choosing a savings account and planning your liquidity.
  • Staggered interest rates: The high interest rate sometimes only applies to the first CHF 10,000, after that there is hardly any return.
  • Foreign currency accounts: Beware of tempting interest rates on euro or USD savings accounts! Swiss banks and foreign providers often tempt you with higher interest rates for foreign currencies. However, currency fluctuations can quickly wipe out your interest gains.
    Example: With 2% interest on euros, but 3% exchange rate loss EUR/CHF, you effectively lose 1%. In addition, inflation rates in the eurozone are often higher than in Switzerland, and exchange fees on deposits and withdrawals further reduce the return. Rule of thumb: Foreign currency accounts only if you will need the currency later (e.g. for holidays or purchases abroad).

Which bank has the best interest rates in Switzerland?

The answer is: it depends. Savings account interest rates not only vary from bank to bank, but also depend heavily on the type of bank and individual conditions.

Below we take another look at the different types of banks in Switzerland and how they differ when it comes to interest rates:

Big banks: The big players such as UBS or Raiffeisen score points with a large branch network, personalised customer service and a long tradition. For many customers, trust in the institution is what counts here, even if the interest rate often falls by the wayside as a result and is comparatively lower than that of the competition.

Cantonal banks: Cantonal banks such as the Zürcher Kantonalbank (ZKB) or the Berner Kantonalbank (BEKB) offer Very different interest rates depending on the region. Some of these are much more attractive than those offered by the big banks - especially if you are already a customer. It may be worth talking to a customer advisor in person to get a good offer.

Digital banks / neobanks: Digital providers such as Neon, Yuh or Zak rely on Lean processes and attractive interest rates, to attract new customers. You often receive comparatively ’high“ interest rates on smaller amounts (e.g. up to CHF 25,000) - but sometimes only as part of promotions or new customer offers.

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Interest savings account: These factors influence your return

It's not just the bank that plays a role, the conditions of the savings account itself also have a major influence on your effective return.

Here are the most important points you should pay attention to:

  1. Minimum investment: Some banks only offer you their attractive interest rates from a certain amount (e.g. only from CHF 10,000). Below this threshold, there is often only the minimum standard interest rate.
  2. Interest rate limits: The high interest rate often only applies to a certain amount - for example up to CHF 25,000 or CHF 50,000. Anything above this amount is subject to a lower interest rate.
  3. Withdrawal limits: A classic savings account often allows you to withdraw only a limited amount per year (e.g. CHF 25,000 per year). Higher amounts must be announced in advance, otherwise there is a risk of penalty interest or fees. This is particularly critical if you need to access the money quickly.
  4. Cancellation periods: Some savings accounts have a cancellation period (e.g. 3 months) before you are allowed to withdraw larger amounts. This is fine for long-term savings in particular - but unsuitable for a nest egg.
  5. Influence of the key interest rate: The key interest rate of the Swiss National Bank (SNB) directly influences the banks' interest rate policy. If the base rate falls, savings account interest rates usually fall too - and vice versa.

Savings account or call money - which is better?

If you want to park your money safely, you will soon be faced with the question: savings account, fixed-term deposit or an overnight money account?

You can quickly see all the advantages and disadvantages in the following table:

Compare savings accounts: Which suits you better?

You need Short-term access on your money or want to put aside your nest egg?

→ Then that is Call money account ideal, even if the interest rates are hardly noticeable.

You want Save in the medium to long term, but still have access to your money?

→ Then it's worth having a classic savings account with a good interest rate, but pay close attention to withdrawal restrictions and promotional terms.

You want your money Invest securely for a fixed period and get the maximum out of it?

→ Then Fixed-term deposit a good option, but only if you really don't need the money.

Comparison of savings accounts in Switzerland: what you should look out for

Looking at the interest rates alone is not enough. As already mentioned, many providers lure you in with attractive figures and then hide conditions in the small print that can quickly reduce your return.

I keep hearing that savers are annoyed afterwards because the offer wasn't as good as advertised.

So here are a few lessons learnt directly from the community to save you hassle and nerves:

  • Promotional interest are often limited in time or only apply to new customers. Read the small print on the website carefully before opening an account.
  • Certain interest rates only apply to foreign currencies such as EUR or USD, but there is nothing in CHF. I advise against this because the currency risks and exchange rate fees are generally not worth the higher interest rates in foreign currencies.
  • Interest rate cuts can occur at any time, especially with variable interest rates, without you being actively informed or the news disappearing in your online mailbox.
  • Keep active about Interest rate changes the central bank - e.g. via Swiss-French Wealth Letter.

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Conclusion: Find the best savings account interest Switzerland

A savings account is still a sensible way to park your money safely and predictably - especially for reserves, emergencies or planned expenses in the coming months.

But: If you don't actively analyse the conditions, you're giving away money.

The basic rule is: The longer you can do without your money, the higher the interest you can claim. Money that is not required in the longer term (several years) can at best be invested for higher return targets - No investment advice!

If you already have a savings account, it's worth checking interest rates regularly, as banks are constantly adjusting their conditions. And if you don't have one yet: now is the right time to secure your ideal account. Use our practical comparison above!

FAQ - Frequently asked questions about savings account interest

With most Swiss banks once a year, at the end of each year. Some providers also offer a monthly payment, which can favour your compound interest effect because you could invest this interest, for example.

Yes, savings account interest is taxable in Switzerland and must be declared as investment income in your tax return. Important: Banks automatically issue a withholding tax receipt for interest income of CHF 200 or more per year. If the withholding tax of CHF 35 % has been incurred, you will receive it back in full as a Swiss person if you declare it correctly.

 

 

You usually have to expect penalty interest or fees. Some banks also require a cancellation period before larger amounts can be withdrawn. Therefore, check the exact conditions of your account in advance and, if in doubt, ask the bank directly.

Yes! In Switzerland, the Deposit protection up to CHF 100,000 per customer and bank. If your bank gets into difficulties, your savings account balance is legally protected up to this amount. If you have more assets that you would like to keep in a savings account, it is worth opening a second savings account at another bank to have a further CHF 100,000 covered by the deposit guarantee.

8 responses

    1. ETFs are investments, and you should make a clear distinction between them and «saving». The market can fluctuate significantly here – but there are generally no withdrawal periods.

      Reply

  2. Hi, if I want to put my savings into an account, what’s the best option? And which account should I use as a «fun account»?

    Reply

    1. Hi Laura,
      at emergency fund Availability is extremely important. More important than interest rates. So don’t restrict yourself too much with withdrawal limits and the like (and under no circumstances invest the money).
      For your ‘fun’ account: You’ll probably want to have a bit of cash to hand here too, won’t you? Have a look at the Bank comparison ...

      Reply

    1. Hello Roland,
      I am of course delighted that you find the voucher here.
      Many thanks for your support 🙂

      Reply

  4. Why is Baloise Bank's Bonus savings account with an interest bonus of 0.75 % up to CHF 250,000 and a monthly withdrawal limit of CHF 20,000 not listed on your website? This offer beats all the medium-term notes I am currently looking at and also offers much more freedom. The balancing period of one month is also very customer-friendly. Monyland doesn't write anything about this very good offer either. I realise that this only applies to new customers, but it's still worth mentioning.

    Reply

    1. Thank you for pointing this out, it is often simply difficult to find all the offers - so I appreciate the support from the community all the more. We are happy to check the offer. If there is no catch, it will soon be added to the list.

      Reply
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