Our Take on PostFinance Savings Account
Switzerland's postal bank offers 0% on savings. And you need a banking package to get it.
The PostFinance Savings Account ranks #31 (last) among Switzerland's 31 savings accounts. It's the bottom of our ranking, offering 0% interest and requiring an existing banking package. In a market with better free alternatives, this is a hard sell on its own merits.
What Does 0% Actually Mean?
Your savings earn nothing. Zero percent, zero return. On CHF 100,000 for a year, you get CHF 0. Meanwhile, the top savings accounts in Switzerland pay CHF 500 to CHF 1,000 on the same balance. The opportunity cost is significant.
Unlike Yuh's 0% savings (also zero), this one requires you to hold a Smart, Smart Plus, or SmartStudent banking package. Those packages aren't free (Smart starts around CHF 5/month). So you might be paying for the privilege of earning nothing.
What Actually Stands Out
PostFinance's massive infrastructure is the only real advantage. With over 2,000 ATMs and locations across Switzerland, plus a strong digital platform, it's accessible. If convenience and integration with your PostFinance banking package matter more than returns, the savings account exists.
Can be managed as an individual or partner account. Online statements are free. PostFinance is government-owned (Swiss Post), which some savers find reassuring. Your deposits are covered by a federal guarantee.
What Most Reviews Miss
You can't open this account standalone. It requires a Smart, Smart Plus, or SmartStudent package. If you're paying CHF 60+ per year for the Smart package, adding a 0% savings account to that cost makes the effective return negative.
Age requirement: 20 years or older. No withdrawal limits or notice periods are specified in the data, which could mean flexible access. But flexible access to zero-interest savings is like having a fast lane to nowhere.
The Bottom Line
Last place in our ranking for a reason. The 0% rate, package requirement, and the existence of better free alternatives make this account hard to recommend. If you already have a PostFinance package, it's a free add-on. Otherwise, don't bother. Find something that actually grows your savings using our find the best bank account for your needs tool.
Verdict: Dead last. Only add this if you're already paying for a PostFinance package and want a labeled savings bucket.
Pros
- No annual fees
- No minimum deposit required
Cons
- No interest on savings
- Age restriction: For individuals from the age of 20.
Account Details
At a Glance
Account Mgmt
No fee
Interest Rate
0.00%
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
- Low minimum deposit requirement
Age Requirement
From age 20
Withdrawal Terms
Withdrawal Terms
Account Closure
Free of charge
Additional Information
Additional Information
- Only available with a banking package
Rating by Category
Compare to Similar Accounts
Frequently Asked Questions
- Do I need to bundle this with a bank package?
- Yes, only available with the Smart, Smart Plus, or SmartStudent package. Standalone opening is not possible. The package itself has fees, so the 'free' management is only free if you'd already pay for the bundle. Cost-compare the package as a whole, not just the savings sub-account.
- What happens after the 10th withdrawal each year?
- Withdrawals 11 and beyond cost CHF 8 each. Most peer savings accounts charge nothing for withdrawals up to a balance limit. Plan around the 10-per-year cadence, roughly one every five weeks; transfers to your PostFinance current account count, so a weekly sweep would burn through the free quota by March.
- How does the partner account rule work?
- For partner accounts, both holders count as a single customer for the CHF 100,000/year limit. That's a half-portion each, effectively. Couples pulling more than CHF 100,000/year combined need 3 months' notice or have to split balances across two individual accounts. Worth knowing before consolidating finances under one partner account.
- Can I withdraw more than CHF 100,000 in a year?
- Yes, with 3 months' notice. Anything above the annual limit is subject to the standard notice period. With 0% interest, the limit is more about behavioral nudge than economics; you're set up to keep money parked, not to use it as a checking account substitute.
How We Rated This Account
Wondering why PostFinance 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 PostFinance Savings Account today and start enjoying its benefits.