Our Take on Migros Bank Investment Savings Account
0.20% interest if you don't touch your money for a full year. Here's whether the discipline pays off.
The Migros Bank Investment Savings Account ranks #8 among Switzerland's 31 savings accounts. It rewards you with a bonus for staying hands-off, effectively doubling your rate if you make zero withdrawals. For a mainstream Swiss bank, the structure is surprisingly competitive.
Is the Interest Rate Competitive?
The base rate is 0.10%, standard for the Swiss market. But if you make no withdrawals during the year, you get an additional 0.10%, bringing the total to 0.20%. On CHF 100,000, that's CHF 200 per year, which is 4x what you'd earn at UBS or PostFinance.
Above CHF 100,000, the rate drops to 0% regardless. So the sweet spot is CHF 50,000 to CHF 100,000 with no withdrawals. Simple math, but it requires commitment.
What Actually Stands Out
The debit card linkage is clever. You can connect this savings account to your existing Migros Bank debit card, so you can make ATM withdrawals directly from savings if needed. Two cash withdrawals or purchases per year are free. That's a practical bridge between savings and liquidity.
Migros Bank is one of Switzerland's most trusted retail banks. No shareholder pressure to maximize profits means they tend to pass on decent rates. You can hold up to two investment savings accounts per customer.
What Most Reviews Miss
Age requirement: you must be at least 25. That cuts out younger savers who might benefit from the discipline incentive. The withdrawal limit is CHF 100,000 per year with a 3-month notice period, which is generous compared to most savings accounts.
The bonus interest structure means any withdrawal, even a small one, costs you the extra 0.10% on your entire balance. On CHF 100,000, that's CHF 100 lost for accessing CHF 500. Think twice before pulling money out mid-year.
The Bottom Line
For savers 25+ who can park CHF 50,000 to CHF 100,000 and not touch it for 12 months, this is a solid mainstream option. The debit card link adds a layer of practical flexibility. Compare it against alternatives in our best savings accounts in Switzerland ranking.
Verdict: Good mid-range choice from a trusted bank. The no-withdrawal bonus makes it worth the discipline.
Pros
- No annual fees
- No minimum deposit required
Cons
- Low interest rate
- Withdrawal limit of CHF 100,000 per year
- 3-month notice period for withdrawals
- Age restriction: For individuals from the age of 25.
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
From age 25
Withdrawal Terms
Withdrawal Terms
Withdrawal Limit
CHF 100'000 / year
Notice Period
3 month
Account Closure
Free of charge
Additional Information
Additional Information
- Not suitable for payment services
- Maximum 2 account(s) per customer
- Can be linked to your debit card
- 2 free withdrawals per year
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 no-withdrawal bonus actually work?
- Touch nothing all year and you earn 0.1% base plus 0.1% loyalty bonus, 0.2% effective. Make a single withdrawal and the bonus evaporates for that year. Built for savers parking money they truly won't need; emergency funds don't fit.
- How much can I withdraw without penalty?
- CHF 25,000 per quarter without notice; higher amounts need 3 months' notice. Cumulative ceiling effectively CHF 100,000/yr. The structure is restrictive but matches the investment-savings positioning, where the bank wants stickier deposits.
- Why is there a minimum age of 25?
- The account is open from age 25, while younger customers go to Migros Bank's standard youth or student products. The age floor signals the product is built for adults with stable income parking longer-term savings, not first-job emergency funds.
- Can I link it to my debit card?
- Yes, link the investment savings to your existing Migros Bank debit card to withdraw cash at any branch ATM. Plus 2 free cash withdrawals or purchases per year built in. Convenient, but every tap counts toward the no-withdrawal bonus killer.
How We Rated This Account
Wondering why Migros Bank 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 Migros Bank Investment Savings Account today and start enjoying its benefits.