Our Yuh App Review Summarized
With the Yuh app, you can conveniently and with a single provider manage your Savings and Investment account receive, in the Pillar 3a provide for and even Payments make. Since the integrated pillar 3a was added to the 2023 pension plan, banking, investments and pension provision are offered in full at Yuh.
Regular updates and new features (such as Savings plans or Yuh Pillar 3a) are launched and the app is continuously optimised. Those who had their first Yuh experience at launch now benefit from significantly more functions within the app.
The Yuh fees are flat or at least very simple and straightforward. The transparency of the costs, as well as the design, appeal specifically to young customers.
The conclusion of our short version: Yuh.com makes it easy to get started with investments in shares, ETFs or cryptocurrencies. Savings goals can be set up quickly and the banking offer is attractive. If you have a growing or larger portfolio, you are more likely to switch to other providers in the long term due to the fees (perhaps Swissquote itself) change.
Nevertheless, the app can be a supplement thanks to Yuh ETF savings plans or quick access to cryptocurrencies. Our Yuh review is therefore consistently positive.
All details and explanations following!
Hello, everyone,
For several weeks now, you can only register if you are resident in Liechtenstein, Austria or Switzerland.
Do you have any further information on when this will be possible again?
The support team was unable to provide me with any details over the phone.
Where can I get this free tax statement? I can't generate it without incurring costs (CHF 25).
Kind regards
Anré
Yes, this new Yuh eTax tax statement unfortunately still costs CHF 25 at the moment, but hopefully it will soon be free of charge. The eTax statement (is basically a PDF that you just have to upload with your tax return and everything is automatically recorded) is worthwhile if you have made a VERY large number of trades etc. Otherwise you can do without it if necessary.
Hello Eric
I'm following your tip with the Core-Sattelite strategy. Core is in ETFs with True Wealth, and I have just opened a Yuh account for Sattelites. The interface is clearly laid out.
But I was surprised that you can only buy a small selection of shares. Especially when you study the various financial blogs and websites, it would be nice to be able to buy less well-known CH shares.
Yuh has its own investment portfolios, but they cost over 1% per year. True Wealth seems to me to be more favourable for investing in ETFs.
I also think it's a shame that you can't set stop limits when buying shares. I would like to see automation so that I can automatically buy a stock when it falls below a limit. So I would say that Yuh is less suitable for active trading. But for me as a beginner, it's probably a case of "back and forth empties your pockets" anyway.
Hello Klaus,
Thanks for your feedback! Absolutely, "back and forth empties the pockets", that's why I stick to passive investing with ETFs.
Yuh offers quite a good selection here. Ultimately, however, Yuh is a platform for beginners and belongs to Swissquote and Postfinance. Swissquote will therefore always remain the more "professional" platform with more features and more products etc.
Hello, I have a pillar 3a account with YUH with the Feurig strategy and I would be interested to know how quickly a change of strategy is implemented for pillar 3a. I have only found the information that the change takes place on Thursday. Does this mean that if the stock markets crash, you have to wait until Thursday and then switch to the daily prices of the following Thursday?
In the 3a, such active trading should be avoided - after all, your investment horizon is usually very long.
A long-term strategy should take centre stage.
All in all, a good bank for trading with a user-friendly app.
I've been with Swissquote for 10 years - but as a normal investor, Yuh's offering is sufficient for me, and the essential functions are also available.
But you also have many advantages.
+ Free credit card with multiple currencies
+ No custody account fees
+ Sufficient investment offer
+ Competitive interest rates on cash
+ Clear app without a lot of bells and whistles
Disadvantages
- High exchange fees (0.95%)
App certainly still has room for improvement (performance display missing, for example)
With the code at the opening you will receive free cryptos (Swisscoins)
Hi Eric, thanks for your interesting blog. I already have NEON and am very happy with it. Now I've also opened a Yuh account and wanted to enter the code YUHFRANKE. The app simply skipped it. I couldn't enter the code anywhere and the support chat insists that you can only use the code during the opening process. Do you have a tip for this or are we both now looking down the tube?
Hello Pete,
Thank you for your positive feedback on the blog! 🙂
It's a pity that it didn't work with Yuh when you opened it. I can ask if there's anything I can do to get it credited anyway.
Kind regards,
Eric
Hello everybody
It says that if you have a growing or larger portfolio, it is better to switch directly to Swissquot, for example. my question now is how do you define large? What amount are we talking about here? 10,000 or 100,000? You also say that it is better to buy in larger amounts, but not so often, from 500 and more because of the fees, which I find a lot as an inexperienced person in this area. Are there any things to bear in mind when investing so much money where?
Hello Maurice
There is definitely a lot to consider. It is therefore essential that you "invest" some time in your financial education before you invest large sums of money. Here you will find a first guide, or feel free to come to the next FinanzFahrplan (in german) Course.