As of 1st of October 2023, we are changing our interest rates to provide our clients with higher monthly returns, now available for different amounts. This aligns with our commitment to facilitating greater opportunities to grow your capital.
Here are the details:
- Earn 1% on cash deposits from CHF 1 to CHF 50’000.
- Earn 1.5% on cash deposits from CHF 50’001 to CHF 1’000’000.
As usual with us, the interest will be credited monthly with no strings attached, granting you total freedom to access your funds.
Read the full article to understand how the new interest rates provide an easy way to receive returns monthly, just with the money you’ve deposited in your bank account.
Why are interest rates so important?
Interest rates hold a crucial role in the banking sector, representing both the cost of borrowing money and the potential return on cash deposits.
When understood and utilised correctly, they can significantly impact the growth of your savings over time.
Moreover, it’s worth highlighting that interest rates can vary based on the amount you deposit in your account. Typically, accounts with larger balances benefit from more attractive interest rates, promoting greater returns over extended periods.
What sets Alpian’s interest rates apart?
Acknowledging the vital role of competitive interest rates, we’ve tailored our terms to offer maximum benefit. Our rates not only stand out but also reflect the trust you show in us by choosing to protect your capital with Alpian.
Unlike many traditional and neo-banks in Switzerland, Alpian’s approach is very simple. We eliminate completely the typical conditions that often hinder earning interest.
Below is a comparative table highlighting common requirements to earn interest rates and how Alpian has simplified the process for you:
|Requisite||Alpian Bank||Other Swiss banks|
|Specific account type, like savings accounts||Not required||Often mandatory|
|Waiting period to receive the interest||Not required||Often mandatory|
|Minimum balance requirements||Not required||Often mandatory|
|Waiting period to withdraw the cash||Not required||Often mandatory|
|Account activity and minimum transactions||Not required||Often mandatory|
|Limit on number of withdrawals||Not required||Often mandatory|
|Only new money receives the interest||Not required||Often mandatory|
|Loyalty or relationship rates||Not required||Often mandatory|
|Direct deposit requirements||Not required||Often mandatory|
Calculating your monthly returns.
To comprehend the significant impact of interest rates, let’s consider several hypothetical scenarios. Comparing deposits with various interest rates over the same period clearly shows the advantages of Alpian’s structure.
It’s important to note that these calculations don’t consider taxes.
For amounts below CHF 50’001, the interest rate remains 1%. For everything above CHF 50’001 up to CHF 1’000’000, the rate is 1.5%.
As demonstrated, interest rates are a simple means to grow your money by just letting it sit in a bank account. While it may not be an active investment, your funds are certainly being productive.
By closely monitoring the rates offered by various banks, you can capitalise on this passive growth approach. Over the years, these seemingly modest interest rates can compound, resulting in significant long-term financial gains. Always stay informed and choose smartly!
If you’re keen to understand further how these rates can impact your personal wealth, our expert wealth advisors are at your service via the app or by scheduling a consultation here.
Are you interested in learning more about interest rates? We have written an article on the topic: “Interest rates in Switzerland: How do they impact you?“