- Interest rates on national and international markets continue to be at historic lows and are consistently in negative territory for both Swiss francs and euros.
- In the medium to long term, the market does not appear to be expecting interest rate levels to rise, which is reflected in the negative yields on 10-year government bonds, for instance.
- Due to the negative market interest rates together with the lending prohibition, pressure on the interest differential business at PostFinance has increased sharply in the past few years. This trend is set to continue.
- For this reason, PostFinance is lowering customer interest rates on certain accounts with effect from 1 November 2019.
30. September 2019, Press Release
PostFinance reduces interest rates on savings and retirement savings accounts
Interest rate reductions as of 1 November 2019
| Account | Current interest rate | Interest rate from 1.11.2019 | Reduction |
|---|---|---|---|
| Account (E-)savings account for private customers in CHF/EUR |
Current interest rate 0,050% |
Interest rate from 1.11.2019 0,025% |
Reduction –0,025% |
| Account Retirement savings account 3a |
Current interest rate 0,200% |
Interest rate from 1.11.2019 0,150% |
Reduction –0,050% |
Attractive investment products
In the current interest environment, it is more and more difficult for bank customers to invest their money in a profitable manner. As an alternative to conventional account-based saving, PostFinance offers its customers a clear range of proven funds. This allows them to benefit from the upside potential of various asset classes. Regarding retirement funds, in November 2019 PostFinance will become one of the first financial institutions to launch a pure equity fund for pillar 3a with PostFinance Pension 100. This provides its customers with the opportunity to benefit from rising equity markets in mostly long-term-oriented retirement planning.