Average interest rate is 0.138 %

The average interest rate on 3a accounts at 82 Swiss banks amounts to 0.138 %. Interest on 3a accounts has thus fallen by a further 0.03 percentage points within nine months. Our comparison of interest rates as of April 17, 2020, showed an average interest rate of 0.168 % at that time.

One bank stands out in the current comparison. It is the Caisse d’Epargne d’Aubonne société coopérative, which offers an incredible interest rate of 0.75%. We cannot say how it manages to do this in times of mortgage interest rates of 1%.

Fees come into focus

Because there is no longer an interest rate, the focus shifts towards the fees. That is why we have now also listed the fees in Swiss Francs in the comparison table. The fees are only indicative and can vary depending on the conditions. For example, many banks have a rule that the WEF fee is lower if the mortgage is taken out with them.

BankInterest RateFee for WEF Advance Withdrawal
Aargauische Kantonalbank0.100%
acrevis Bank AG0.150%100
AEK BANK 1826 Genossenschaft0.100%100
Alpha RHEINTAL Bank AG0.150%0
Alternative Bank Schweiz AG0.025%200
Appenzeller Kantonalbank0.250%
Baloise Bank SoBa AG0.050%0
Banca dello Stato del Cantone Ticino0.200%
Banca Popolare di Sondrio (Suisse) SA0.250%100
Bank BSU Genossenschaft0.150%0
Bank CIC (Schweiz) AG0.300%300
Bank Cler AG0.150%200
Bank EEK AG0.100%100
Bank EKI Genossenschaft0.200%100
Bank Gantrisch Genossenschaft0.150%100
Bank in Zuzwil AG0.100%0
Bank Leerau Genossenschaft0.100%0
Bank Linth LLB AG0.100%100
Bank Oberaargau AG0.050%0
Bank SLM AG0.150%0
Bank Sparhafen Zürich AG0.100%0
Bank Thalwil Genossenschaft0.150%100
BANK ZIMMERBERG AG0.150%0
bank zweiplus ag0.000%
Banque Cantonale de Fribourg0.200%
Banque Cantonale du Jura SA0.100%
Banque Cantonale du Valais0.100%
Banque cantonale neuchâteloise0.100%
Banque Cantonale Vaudoise0.050%
Banque du Léman SA0.100%
Basellandschaftliche Kantonalbank0.150%
Basler Kantonalbank0.150%200
BBO Bank Brienz Oberhasli AG0.100%100
Berner Kantonalbank AG0.100%0
Bernerland Bank AG0.050%0
Bezirks-Sparkasse Dielsdorf Genossenschaft0.200%100
Biene Bank im Rheintal Genossenschaft0.150%0
BS Bank Schaffhausen AG0.150%0
Burgergemeinde Bern, DC Bank Deposito-Cassa der Stadt Bern0.010%0
Burgerliche Ersparniskasse Bern, Genossenschaft0.300%0
Caisse d'Epargne CEC SA0.200%0
Caisse d'Epargne d'Aubonne société coopérative0.750%0
Caisse d'Epargne de Cossonay société coopérative0.200%0
Caisse d'Epargne de Nyon société coopérative0.500%
Clientis Bank im Thal AG0.200%0
Clientis Bank Thur Genossenschaft0.150%0
Clientis Bank Toggenburg AG0.100%0
Clientis EB Entlebucher Bank AG0.100%0
Crédit Agricole next bank (Suisse) SA0.350%
Credit Suisse AG0.100%100
Ersparniskasse Affoltern i.E. AG0.100%0
Freie Gemeinschaftsbank Genossenschaft0.150%
Glarner Kantonalbank0.100%
Graubündner Kantonalbank0.100%250
GRB Glarner Regionalbank Genossenschaft0.150%0
Hypothekarbank Lenzburg AG0.050%0
Leihkasse Stammheim AG0.150%0
Luzerner Kantonalbank AG0.100%0
Migros Bank AG0.100%0
Neue Aargauer Bank AG0.100%
Nidwaldner Kantonalbank0.100%
Obwaldner Kantonalbank0.125%150
PostFinance AG0.100%200
Regiobank Männedorf AG0.200%0
Regiobank Solothurn AG0.150%100
SB Saanen Bank AG0.200%0
Schaffhauser Kantonalbank0.150%
Schwyzer Kantonalbank0.100%
Spar- und Leihkasse Bucheggberg AG0.100%100
Spar- und Leihkasse Thayngen AG0.150%0
Spar- und Leihkasse Wynigen AG0.100%0
Sparcassa 1816 Genossenschaft0.050%0
Sparkasse Schwyz AG0.010%
St.Galler Kantonalbank AG0.050%
Thurgauer Kantonalbank0.100%
UBS AG0.050%0
Urner Kantonalbank0.050%
Valiant Bank AG0.100%0
WIR Bank Genossenschaft0.200%300
Zuger Kantonalbank0.050%200
Zürcher Kantonalbank0.050%0
Zürcher Landbank AG0.150%0

Note:
– Certain banks have interest limits and account management charges.
– Where no value is entered, no information on the interest rate was available.
– The Raiffeisen group is not listed because each bank has different interest rates.

The reason for the low-interest rates is the generally very low-interest rate level in Switzerland. In order to prevent an appreciation of the Swiss franc, the Swiss National Bank (SNB) introduced negative interest rates in 2014. Shortly thereafter, it dropped the minimum euro exchange rate and raised negative interest rates to the current level of 0.75 %. In view of the current Corona crisis, it is speculated whether the SNB will go further to protect the Swiss franc and therefore Switzerland as a business location.