Exciting news from Alpian! Starting September 1st, 2024, we introduce new interest rates that now extend to EUR and USD deposits—alongside our already competitive CHF rates.
This is a major win for our clients holding multiple currencies. Now, whether you’re saving in CHF, EUR, or USD, you’ll see your money work even harder for you!
Here’s what’s new:
- CHF 0 to CHF 100,000: 0.75%
- NEW: CHF 100,001 to CHF 1,000,000: 1% for the whole amount
- NEW: EUR up to 500,000: 1%
- NEW: USD up to 100,000: 1%
- CHF 1,000,001 and above: Customised rates. Reach out for more information.
We’re one of the few digital banks to offer such competitive rates, with interest credited monthly—giving you the advantage of compounding returns and complete access to your funds, anytime.
Explore the full article to discover how Alpian is making your savings work harder in every currency. Don’t miss out on these new opportunities to grow your wealth!
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?
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. Here’s what makes our interest rates truly stand out:
Monthly payouts
Nothing beats payday, right? For your money, it means compounding returns too! We’re one of the only digital banks in Europe to offer the annual interest paid monthly.
Risk-free returns
If you’re not investing or are saving money for a big purchase, keeping your savings in an account that earns positive interest is the smart choice.
Withdraw anytime
As always, you can access your money anytime, without restrictions. Far better than traditional savings accounts!
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.
| Account balance | Annual interest rate | Approximate monthly interest received on a pro-rata basis |
| CHF 25,000 | 0.75% | CHF 15.50 |
| CHF 130,000 | 1% | CHF 108 |
| CHF 250,000 | 1% | CHF 208 |
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?“
