Migros Bank Savings Account

0.05% interest with a 1-month notice period. Migros Bank keeps it simple and short.

The Migros Bank Savings Account ranks #22 among Switzerland's 31 savings accounts. It's the standard savings product from one of Switzerland's most popular retail banks. The rate is low, but the practical features and short notice period give it some everyday utility.

Is the Interest Rate Competitive?

At 0.05% per year on balances up to CHF 100,000 (0% above), this is in the bottom tier. On CHF 100,000, you earn CHF 50 annually. That's essentially a rounding error. Most Swiss major banks offer similar rates, so this is the market standard for big-name savings.

If you want more, Migros Bank's own Investment Savings Account doubles the rate to 0.10% (plus a 0.10% bonus). But the standard account's simplicity has its own appeal for those who just want somewhere to park cash.

What Actually Stands Out

The 1-month notice period is the shortest among Swiss savings accounts. Most require 3 to 12 months. If you value quick access to your savings, this is as close as it gets to an on-demand account while still technically being a savings product.

12 free cash withdrawals or purchases per year, and you can link the account to your existing Migros debit card. That means ATM access directly from savings. Migros Bank is owned by the Migros cooperative, so there's no pressure to maximize shareholder profits.

What Most Reviews Miss

The CHF 50,000 monthly withdrawal limit means you can access up to CHF 600,000 per year. That's the most generous withdrawal structure in our savings account review. Combined with the 1-month notice, this is nearly as liquid as a checking account.

Age restriction: 25 to 60 years old. Retirees and younger savers are excluded. Not suitable for payment services despite the debit card linkage. The card lets you withdraw cash but not make direct payments from the savings account.

The Bottom Line

Choose this for accessibility, not returns. The 1-month notice period and debit card linkage make it the most liquid savings account in Switzerland. The rate is forgettable, but the convenience is real. See all options in our best savings accounts in Switzerland comparison.

Verdict: Switzerland's most accessible savings account. Just don't expect meaningful interest.