Our specialists analyzed the banking sector of Switzerland and selected the TOP 12 best banks. You will find out about the specifics of each bank from the list below.
History of UBS
UBS was created in 1998 after the merger between the Union Bank of Switzerland (Founded in 1862) and the Swiss Bank Corporation (Founded in 1872). The popular bank is the largest bank in Switzerland, and it has offices in more than 50 countries around the world. As of 2018, UBS has a market capitalization of CHF (Swiss Franc) 53.06 Billion.
Services Provided
The popular bank provides many different services which include:
· Wealth management
· Asset management
· Corporate and institutional banking
· Retail
· Investment bank services
Credit and Deposit Rates
UBS will charge a deposit fee to private individuals holding cash balances above 2 million francs, they will be charged a rate of -0.75%. However, no deposit fee will be charges to people who have less than that. The credit interest rate for UBS is 12% per year from the respective transaction date. Not all banks publish their interest rates, so it will be beneficial to inquire about them before making a decision. The rates could also change, so make sure to find out about the latest rates before making your decision.
Mobile Banking
UBS provides mobile banking so you can securely and conveniently so your banking on your smartphone. You will have access to all E-Banking function on the mobile app, this incudes viewing your account balance and credit card spending at any time. Also, you can scan a payment slip and then confirm the payment.
Advantages
There are many advantages of banking with UBS, some of these include the following;
· You are offered many different services such as wealth management, asset management, and investment bank services.
· You are given a lot of help with managing your money from anywhere in the world.
· You are given financing that fits your personal needs and individual risk profile.
· You can use mobile app banking
Credit Suisse
History of Credit Suisse
Credit Suisse was founded in 1856, and its headquarters is located in Zurich. This bank has a global reach and it operates in more than 50 countries. As of 2018, Credit Suisse has a market capitalization of CHF (Swiss Franc) 44 Billion.
Services Provided
The services that Credit Suisse provide include the following:
· Transaction banking
· Trade finance
· Trading and investment banking
· Asset management products
Credit and Deposit Rates
Credit Suisse charges wealthy clients for cash deposits, this will apply to individuals and business customers that have balances over 2 million Swiss Francs. These people will be charged a rate of -0.75%. People with less than that will not be charged. The credit interest rate for Credit Suisse is 12% per year from the transaction date.
Mobile Banking
The popular bank offers mobile banking which will provide you with many features, some of the main features include; scanning bills and paying then in seconds, being notified of any changes in your account via push notifications, paying securely at any time, view and extend mortgages, get fast support, send and receive QR payments, and find branches and ATMs in your area.
Advantages
There are many advantages of banking with Credit Suisse, these include the following:
· Credit Suisse are one of the world’s leading financial institutions.
· They help you manage your wealth and give you access to the best in investment and corporate banking.
· There are many capabilities available to you if you bank with Credit Suisse, and they will help you take advantage of them all easily.
· Ability to use mobile app banking
Swiss Raiffeisen
History of Swiss Raiffeisen
Swiss Raiffeisen was founded in 1899 and its headquarters are located in St. Gallen, Switzerland. Raiffeisen is the third largest banking group in Switzerland. They have a strong equity base with a total capital ratio of 17.8% as of December 31, 2018.
Services Provided
Swiss Raiffeisen has many services available, these services are related to the following;
· Capital market
· Money market and treasury
· Banknotes and cash
· Structured products
· Fixed income
· Precious Metals
· Foreign Exchange & Derivatives
· Rates
Credit and Deposit Rates
The credit interest rate for Swiss Raiffeisen is 10% per year from the transaction date. The deposit rate for this bank can be between 0.05% – 0.40%.
Mobile Banking
With mobile banking you can quickly check your account balance, place stock market orders, scan and pay invoices, and also use all other E-Banking features available to you online.
Advantages
There are many advantages to banking with Raiffeisen Switzerland, these include:
· A high level of security which ranks them as one of the top Swiss banks
· They offer a massive number of products and services to their clients
· The quality of service which can be felt through the excellent consultancy with clients
· You have access to mobile app banking
Migros Bank AG
History of Migros Bank AG
Migros Bank was founded in 1958 and it is currently one of the leading banks in Switzerland. The headquarters for this bank are located in Zürich, Switzerland. The market capitalization for this bank was 3.4 billion CHF as of 2015.
Services Provided
The bank offers many services, which include the following;
· Saving accounts and mortgages
· Credit and investment services
· Financial services
· E-Banking
Credit and Deposit Rates
The credit interest rate for Migros Bank is 8% per year from the transaction date. The deposit rate for this bank can be between 0.00 % – 0.30 %.
Mobile Banking
The bank’s mobile app gives you access to your accounts, lets you make payments, execute stock market orders, see current market prices, interest rates, and currencies.
Advantages
There are many advantages to banking with Migros Bank AG, these advantages include:
· Migros Bank AG are one of the leading banks in Switzerland
· You will have many different services to choose from
· You are provided great support to ensure your needs are well take care of
· Mobile app banking
Baloise
History of Baloise
Baloise was founded in 1962. Its headquarters are in Basel, Switzerland. The market capitalization for Baloise was CHF 5.462 at the end of 2015.
Services Provided
There are many different services which are available to you, these include;
· Asset management
· Investment advice
· Broking services
· Banking services
· Retirement solutions
Credit and Deposit Rates
The credit interest rate for Baloise is 12% per year from the transaction date. The deposit rate for this bank can be between 0.05% – 0.50 %.
Mobile Banking
Mobile banking with Baloise offers you many different features which include the following; all e-banking functions, scan payment slips, intelligent payment assistant, view bank receipts, account transfers, domestic and international payments, view overview of account and account bookings, and other useful functions.
Advantages
The advantages of banking with Baloise include the following:
· You will be in safe hands and your situations will be taken care of as best as it possibly can. This is because Baloise is a trusted and reliable business.
· You have many different services to use
· Your needs will be attended to in the best possible way to ensure you are satisfied
· Mobile app banking
CLER
History of CLER
The bank was founded in 1927 and its headquarters is in Basel, Switzerland. Bank Cler has 32 subsidiaries all over Switzerland. The market capitalization for CLER was CHF 12.1 billion in 2018.
Services Provided
The services provided by CLER bank include the following:
· Accounts and cards
· Mortgages and loans
· Asset management
· Provisions and wealth management
· Inheritance matters
· Investment and trading
Credit and Deposit Rates
The credit interest rate for CLER is 11.5% per year from the transaction date. The deposit rate for this bank can be between 0.10% – 0.50 %.
Mobile Banking
Mobile banking with Bank CLER will give you an overview of your finances right in the palm of your hands. Other features include the following; scan deposit slips, secure banking, view booking details, place stock market trades at any time, enter payments, and more.
Advantages
The advantages of banking with CLER include the following:
· A large variety of services are on offer
· They will attend to your needs and ensue you are satisfied with the services offered to you
· You can use mobile banking to access your accounts wherever and whenever
Banque Cantonale Vaudoise (BCV)
History of Banque Cantonale Vaudoise (BCV)
BCV is the cantonal bank of the Swiss Canton of Vaud. Headquartered in Lausanne, Switzerland and it is Vaud’s biggest bank if you go by balance sheet. It was founded in 1845. In 2018, the total assets for BCV were 47.8 billion CHF.
Services Provided
The services provided include the following:
· Foreign exchange and fixed income
· Cash management
· Financial markets
· Investment advice
· Bonds
· Asset management
Credit and Deposit Rates
The credit interest rate for BCV is 10% per year from the transaction date. The deposit rate for this bank is 0.01% per year up to CHF 100,000.
Mobile Banking
The features available to you include the following; locate BCV branches and ATMs, see current mortgage rates, see an overview of the world’s major financial markets, look at the latest exchange rates and convert currencies, contact customer service, view account balances and transactions, make payments, and much more.
Advantages
The advantages of banking with BCV include the following:
· Use the mobile app and have access to all e-banking features
· Choose from a variety of different services
· Get help with you finances using the support which is offered to ensure your needs are met
Banque cantonale de Genève (BCGE)
History of Banque cantonale de Genève (BCGE)
The Banque cantonale de Genève (BCGE) is a cantonal bank of Switzerland, and its headquarters are based in Geneva, Switzerland. It was founded on the 28th August 1953. At the end of 2017, the BCGE Bank had a market capitalization of 1.18 billion CHF.
Services Provided
The services provided by BCGE include the following:
· Asset management
· Currency exchange
· Pension planning
· Online securities trading
· Investment funds
· Finance and cash management
· Stock markets
· Corporate consultancy
Credit and Deposit Rates
BCGE offers traditional instalment loans at interest rates ranging from 4.9% to 6.4%. The deposit rate for BCGE is 0%.
Mobile Banking
The features you can expect from the BCGE mobile app include the following; access your account and deposits in real-time, change/delete pending payments, enter payments, manage permanent orders, pay your invoices, trade on various stock markets, and other useful features.
Advantages
The advantages of banking with BCGE include the following:
· A huge amount of high quality services are on offer for individuals and businesses
· You can use their mobile app to access your accounts on the go
Alternative Bank Switzerland (ABS)
History of Alternative Bank Switzerland (ABS)
Alternative Bank Switzerland (ABS) is a sustainability-oriented bank based in Olten, Canton of Solothurn, Switzerland. It was founded in 1990. The total assets for ABS were CHF 1.745 billion in 2017.
Services Provided
The bank offers the following services;
· Investments
· Savings
· Financial security
· Company financing
· Real estate
· Monetary transactions
· Loans
Credit and Deposit Rates
The credit interest rate for ABS is 11% per year from the transaction date. The deposit rate for this bank is 0.75%.
Mobile Banking
ABS doesn’t have a mobile banking app, but you can still access all your accounts online and manage them all flexibly. You can manage your payments securely, ask whatever questions you have to ABS, and get notifications about your accounts activity through email or SMS.
Advantages
· A variety of services to choose from and take advantage of
· Get great customer support which will help you deal with any issues you are having
Banque Cantonale du Jura (BCJ)
History of Banque Cantonale du Jura (BCJ)
Banque Cantonale du Jura is a Swiss cantonal bank. It was founded in 1979. The total assets for BCJ were 2 575.00 mln CHF in 2014.
Services Provided
The services provided to you at BCJ include the following:
· Managing your assess and payments
· Apply for loans
· Planning your pensions
· Opening accounts
· Financial planning
Credit and Deposit Rates
The credit interest rate for BCJ is 5.9%. The deposit rate for this bank is 0% per year.
Mobile Banking
The features you are offered in the BCJ mobile banking app include the following; make payments, query exchange rates, place stock market orders query accounts and deposits, read messages in secured email, locate ATMs and BCJ branches, track current banking events, real time tracking of transactions, and more.
Advantages
The advantages of banking with BCJ include the following:
· You can use the mobile banking app to access many different features on the go
· You will have access to many different services which you can benefit from
· Get great support to meet and satisfy your financial needs
Banque Cantonale du Valais (BCVS)
History of Banque Cantonale du Valais (BCVS)
Banque Cantonale du Valais is a Swiss cantonal bank which is part of the 24 cantonal banks serving Switzerland’s 26 cantons. It was founded in 1916 and its headquarters are located in Sion, Switzerland. The total assets for BCVS in 2014 were 13 178.04 mln CHF.
Services Provided
· Investment assistance
· Loaning
· E-banking
· Financial planning
· Managing your accounts and payments
Credit and Deposit Rates
The credit interest rate for BCVS is 12%. The deposit rate for this bank can be between 0.15% -0.75%.
Mobile Banking
The mobile banking app includes the following features; enter your payments, entering stock market orders, view the status of your accounts and deposits, transfer from account to account, monitor your actions, and more.
Advantages
The advantages of banking with BCVS include the following:
· You are offered many services to choose from to meet your needs
· You have the ability to access your account on the go with the mobile banking app
· You are in trustworthy and reliable hands when banking with BCVS
Banque Cantonale de Friborg (BCF)
History of Banque Cantonale de Friborg (BCF)
Banque Cantonale de Fribourg is a Swiss cantonal bank which is part of the 24 cantonal banks serving Switzerland’s 26 cantons. It was founded in 1892. The total assets of BCF were 18 938.23 mln CHF in 2014.
Services Provided
· E-banking
· Management and savings account
· Mortgages and credits
· Wealth management
· Precious metals and coins
· Stock exchange
· Investment services
· Insurance
· Pension advice
Credit and Deposit Rates
The credit interest rate for BCF is 12% per year. The deposit rate for this bank is 0%. Before making your decision ensure that everything is as stated and nothing has been changed regarding the bank, since the time of the article being written.
Mobile Banking
The features you will have in the palm of your hands include the following; enter your payments, make account to account transfers, manage invoices, trading, consult the status of your accounts, view exchange rates, locate ATMs and branches, secure messaging, and more.
Advantages
· You have access to the mobile banking app to access your accounts on the go
· You will receive whatever support you need from customer services
· You have access to a large amount of different services
Conclusion
UBS is one of the top-tier banks in Switzerland and it is also the bank which we recommend to you. The popular bank has many reasons why it is the best banking option, the main reason is the personalised treatment you are given in order to meet your needs and give you exactly what you are looking for.
