Ersparniskasse Schaffhausen Investment Savings Account
Ersparniskasse Schaffhausen
Overall Rating
Account Mgmt
No fee
Interest Rate
0.10%
Currency
CHF
Our Take on 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 The value proposition is puzzling unless there are unpublished bonus conditions.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.
Pros
- No annual fees
- No minimum deposit required
Cons
- Low interest rate
- Withdrawal limit of CHF 50,000 per year
- 6-month notice period for withdrawals
Account Details
At a Glance
Account Mgmt
No fee
Interest Rate
0.10%
Debit Card Fee
—
Currency
CHF
Fees & Costs
Fees & Costs
Account Opening Fee
No fee
Account Mgmt
No fee
Debit Card Fee
—
Banking Features
Banking Features
Mobile Banking
Not available
Online Banking
Not available
Key Features
- Free account management
- No annual fee for debit card
- High interest rate of 0.10%
- Low minimum deposit requirement
Age Requirement
No age restrictions
Withdrawal Terms
Withdrawal Terms
Withdrawal Limit
CHF 50'000 / year
Notice Period
6 month
Account Closure
Contact bank for details
Additional Information
Additional Information
- Not suitable for payment services
Calculate Your Interest Earnings
See how much your deposit could earn with this account's 0.10% interest rate.
After 1 year
+CHF 50
Total Value: CHF 50'050
After 3 years
+CHF 150
Total Value: CHF 50'150
After 5 years
+CHF 251
Total Value: CHF 50'251
Rating by Category
Compare to Similar Accounts
Frequently Asked Questions
- How does the investment-savings differ from Ersparniskasse's standard savings?
- Investment-savings has no age limit (vs 26 to 60 on standard), pays the same 0.1%, but caps free withdrawals at CHF 50,000/year with a 6-month notice instead of CHF 20,000/month with 3-month notice. Standard fits monthly outflows; investment-savings fits long-term parking.
- What does termination cost?
- CHF 25 termination fee, same as the standard sibling. Most Swiss savings waive closure, so plan around it if you might switch banks. Annoying on small balances, immaterial on five figures.
- Why does the Investment Savings variant require 6 months' notice above CHF 50,000?
- CHF 50,000 per year without notice; 6 months' notice for higher. Tight for renovation budgets above the cap. The structure rewards stickier deposits, which is why the bank lifts the age cap and asks for longer notice.
How We Rated This Account
Wondering why Ersparniskasse Schaffhausen Investment Savings Account got its score? We rate Savings Accounts accounts using a weighted formula. Here's what counts.
Same formula for every account in this category. No exceptions.
Ready to Open?
Open the Ersparniskasse Schaffhausen Investment Savings Account today and start enjoying its benefits.