Our Take on UBS Savings Account CHF
Switzerland's biggest bank offers 0.05% on savings. Above CHF 50,000, it's basically 0.01%.
The UBS Savings Account CHF ranks #23 among Switzerland's 31 savings accounts. It's the savings product from Switzerland's largest bank by assets. The rate reflects big-bank pricing: minimal. But for existing UBS customers, it's a simple add-on with institutional weight behind it.
Is the Interest Rate Competitive?
At 0.05% per year up to CHF 50,000 and 0.01% above, this is among the weakest savings rates in Switzerland. On CHF 50,000, you earn CHF 25 annually. On CHF 100,000, the blended rate nets you CHF 30. That's less than the cost of a nice dinner.
The CHF 50,000 interest-bearing threshold is the lowest among major Swiss banks. UBS's own prestige doesn't translate into competitive savings returns. You're essentially storing money at near-zero interest.
What Actually Stands Out
It's included in the UBS Pay and Save Basic offering, which means no separate account fees. Online statements are free. For existing UBS customers, adding this account is frictionless. Also available for associations and foundations, which is a niche but useful feature.
The institutional reputation of UBS is the real draw. For savers who want their money at Switzerland's largest global bank, the rate is the price of that comfort. Deposits are covered by Swiss deposit insurance up to CHF 100,000.
What Most Reviews Miss
The annual withdrawal limit is CHF 50,000 with a 3-month notice period. That's tighter than Migros Bank (CHF 50,000 monthly) or Bank Cler (CHF 100,000 yearly). For a big bank, the withdrawal flexibility is surprisingly restricted.
Age requirement: 20 years or older. Not suitable for payment services. The 0.01% rate above CHF 50,000 means you're earning CHF 5 per year on a CHF 50,000 excess balance. That's not a rounding error, it's functionally zero.
The Bottom Line
If you're already a UBS customer and want a savings account for convenience, this works. But don't expect your money to grow here. For actual returns, look at smaller banks with rates 10x to 20x higher. Compare them in our best savings accounts in Switzerland ranking.
Verdict: You're paying for the UBS name, not for savings returns. Fine for convenience, terrible for yield.
Pros
- No annual fees
- No minimum deposit required
Cons
- Low interest rate
- Withdrawal limit of CHF 50,000 per year
- 3-month notice period for withdrawals
- Age restriction: For individuals from the age of 20.
Account Details
At a Glance
Account Mgmt
No fee
Interest Rate
0.05%
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 0.05%
- Low minimum deposit requirement
Age Requirement
From age 20
Withdrawal Terms
Withdrawal Terms
Withdrawal Limit
CHF 50'000 / year
Notice Period
3 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 0.05% interest rate.
After 1 year
+CHF 25
Total Value: CHF 50'025
After 3 years
+CHF 75
Total Value: CHF 50'075
After 5 years
+CHF 125
Total Value: CHF 50'125
Rating by Category
Compare to Similar Accounts
Frequently Asked Questions
- What's the per-withdrawal penalty above the free count?
- Six withdrawals per year are free; from the seventh, CHF 5 each. Pull cash twelve times in a year and you've paid CHF 30 in fees alone, before the 0.05% interest math. Use UBS's investment or current account for routine outflows.
- Are UBS-internal transfers exempt from the notice period?
- Yes, transfers to UBS Fisca, UBS investment solutions, or UBS mortgage payments don't trigger the 3-month notice. A pillar 3a top-up or mortgage amortization moves out same-day. Useful if you're already inside the UBS ecosystem.
- Can associations and foundations use this account?
- Yes, the account explicitly accepts associations and foundations, alongside private individuals. Rare flexibility: many Swiss savings restrict to individuals only. Treasurers of small clubs and foundations can park reserves here without a corporate banking package.
- Is the UBS savings withdrawal cap monthly or annual?
- CHF 50,000 per year without notice; 3 months' notice for higher. Annual ceiling, not monthly: a single CHF 60,000 renovation invoice means waiting a quarter unless you split it. Combine with the per-withdrawal fee math when planning.
How We Rated This Account
Wondering why UBS Savings Account CHF 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 UBS Savings Account CHF today and start enjoying its benefits.