Ersparniskasse Schaffhausen Investment Savings Account

Same 0.10% rate as their standard account, but with a 6-month notice period. What's the point?

The Ersparniskasse Schaffhausen Investment Savings Account ranks #17 among Switzerland's 31 savings accounts. It's the premium-tier product from this traditional Schaffhausen bank, but with the same base rate as their standard offering. The difference lies in the withdrawal structure.

Is the Interest Rate Competitive?

At 0.10% per year, the rate is identical to the standard Ersparniskasse savings account. On CHF 100,000, you earn CHF 100 annually. There's no apparent premium for accepting the longer 6-month notice period. That's unusual.

Most banks offer higher rates on investment savings accounts to compensate for reduced liquidity. Here, you're getting the same rate with stricter conditions. The value proposition is puzzling unless there are unpublished bonus conditions.

What Actually Stands Out

No age restriction, which is a clear advantage over the standard account (limited to 26-60). If you're a retiree or younger saver in the Schaffhausen area, this might be your only option at this bank. That makes it the more inclusive product.

The CHF 50,000 annual withdrawal limit is more generous in absolute terms than the standard account's monthly cap when annualized differently. Your deposits at Ersparniskasse Schaffhausen are covered by Swiss deposit insurance.

What Most Reviews Miss

The 6-month notice period doubles the standard account's 3 months, but the rate stays the same. You're accepting less flexibility for no additional return. This only makes sense if you're ineligible for the standard account due to age restrictions.

Not suitable for payment services. The withdrawal limit of CHF 50,000 per year with 6-month notice means you need to plan well ahead. No termination details specified. No account management fees, at least.

The Bottom Line

Unless you're outside the 26-60 age range and need an Ersparniskasse account, the standard savings account is the better choice. Same rate, shorter notice period, more flexibility. Compare both against the broader market in our best savings accounts in Switzerland guide.

Verdict: Only choose this over the standard account if age restrictions force you to. Otherwise, the standard product wins.