READ OUR
LATEST NEWS
April 12, 2017

For Easter, don't put all your eggs in one basket

For Easter, don't put all your eggs in one basket

As the popular proverb goes, it is best not to put all your eggs in one basket, risking everything on the outcome of a single opportunity.

While this recommendation applies perfectly to risky financial investments, it can also be extended to making profit from savings accounts. By placing the money you save into different savings accounts, you can potentially increase your returns.

 

 

Savings available for short-term projects


For short-term plans such as holidays, or to deal with an unexpected expense, it is important to keep some money in a classic savings account from which you can withdraw money at any time.

This type of savings account does not pay the most interest, but it has the advantage of giving you access to your cash when you need it.

 

 

Effective saving for medium-term projects


For medium-term projects, such as a large purchase or a real estate project, you can opt for a locked-in savings account over a certain period of time that will provide you with a better return.

There are different types of savings accounts that can be tailored to your needs. Some accounts offer, for example, a higher interest rate for those building up own their funds in order to be able to purchase a home.

Please do not hesitate to compare the conditions of savings accounts to find the one that best fits your plans.

 

 

Effective pension saving for long-term projects


Putting money aside is a way of planning for the longer term, especially retirement.

In this case, a 3rd pillar A savings account will enable you to gradually build up capital for the moment when you stop working, while benefiting from a lower interest rate than a traditional savings account, as well as tax benefits.

Each year, it is possible to deduct the amounts paid into your 3rd pillar A account from your taxable income.1

 

 

 

 

Do you have any questions? Would you like more information about a particular subject?
Please e-mail us your comments on this article to communication@ca-financements.ch



Our services

1 The deductible amount is capped. In 2017, payment into a 3rd pillar A pension plan is limited to CHF 6,768 for employees. Those who are self-employed and without a pension scheme are limited to 20% of their annual revenue (subject to a limit of CHF 33,840).
Images: ©lavju83 and ©Bozena Fulawka | Fotolia
October 13, 2020

How to get a better interest rate when renewing your mortgage

Transfer your mortgage online and in 20 minutes get a personalised finance plan at a preferential rate.

Your loan is about to expire, or you want better loan terms? Transferring your mortgage is not as troublesome as it may seem. And you can save several thousand Swiss francs a year.
October 6, 2020

Two-factor authentication

In Switzerland, two-factor authentication is used to access financial services such as online banking. This process makes logging in longer and more tedious, but provides a higher level of security.
August 26, 2020

Saving energy and protecting the planet

At Crédit Agricole next bank we want to support our customers who take initiatives to protect our environment and our planet. So we have included a loan that promotes energy efficiency in our mortgage offering.
August 26, 2020

Overview of the 27 September 2020 referendums

Switzerland is a direct democracy. So referendums take place regularly. But it is not always easy to understand the issues behind these referendums. Here is a brief summary of the next proposals on the ballot for popular vote:

June 2, 2020

Standing together against COVID-19

In these challenging times, we want to support people in tackling the crisis and are committed to the fight against COVID-19, through several initiatives.
Chat