Swiss bank deposits do not earn interest.

Not only is there no interest, but if you deposit foreign exchange, you also need to pay a certain management fee, which is usually around 1. If you want to save this management fee, you can convert the foreign currency into Swiss dollars and deposit it in the bank. Union Bank of Switzerland (---UBS) was formed in 1998 through the merger of UBS. UBS is renowned and a world leader in private services, serving more than four million individuals and businesses.

UBS

1. It is the most famous bank in the world. UBS is mentioned in countless film and television works. In the eyes of customers around the world, Swiss Bank is considered the most trustworthy bank in the world. About a quarter of the world's private wealth is stored here. Politicians, business tycoons and entertainment stars from all over the world should put their deposits there. Feel safe in Switzerland. Therefore, when many people think of Switzerland, they think of Swiss banks. Swiss banks are actually a general term. If you want to deposit money in a Swiss bank, you may not be able to find this place. The so-called Swiss bank is a general term for all Swiss banks. Including the most famous UBS Group AG, Zurich Bank, Credit Suisse, First Boston Bank and Credit Suisse. _

2. Starting in 2014, the Swiss National Bank broke through the 0 interest rate mark and officially announced that it has entered a stage of negative interest rates where deposit fees are required. Because of the central bank's monetary policy, the currency holding costs of Swiss banks have increased significantly, and banks have begun to pass the costs on to their customers. For example, Credit Suisse started to implement a negative interest rate of 0.75 for customers with a deposit balance of more than 2 million Swiss francs from January 1, 2020, and the negative interest rate for corporate customers with a deposit balance of more than 10 million Swiss francs was even higher.

3. Although UBS, the largest bank in Switzerland, has been stably maintaining negative interest rates in recent years, the news that UBS is about to follow up with negative interest rates comes from an internal UBS memo, which shows that the group will not be allowed to It will not deal with negative interest rates in the next few years and plans to charge an interest rate of 0.758 to customers with cash balances exceeding 250,000 Swiss francs starting from July this year.

The first is security. Because Switzerland is a permanently neutral country and has strong military capabilities, Swiss mercenaries have been the number one in Europe since ancient times. Therefore, during World War I and World War II, although the surrounding countries were at war, Switzerland was not affected by the war. Moreover, the terrain here is steep, easy to defend and difficult to attack. The average mountainous area accounts for 68% of the total area of ??Switzerland. Most of the remaining areas are also Plateau, with an average altitude above one thousand meters.