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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



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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
January 7, 2021

Certificates of interests

The certificates of interests are available on your e-banking.

Here is how to download your certificates...

December 21, 2020

CA next bank is preparing to discontinue the CHF LIBOR rate by the end of 2021

If you have a LIBOR rate mortgage, you have taken out a variable rate loan (implicitly based on LIBOR) or you are simply curious to find out about this major financial event due to take place in 2021, in other words the discontinuation of LIBOR and its replacement by alternative reference rates such as SARON, then read on!

November 11, 2020

CA next bank rises to the challenge for its 20th anniversary

We wanted to give our 20th anniversary celebrations a real sense of meaning by supporting an association that is also celebrating its 20 years of existence. As part of a Solidarity Day, our employees rose to the challenge – to the tune of one million, in fact – in favour of ELA Switzerland, an association that supports families affected by leukodystrophy.
November 9, 2020

Always next to you

Following the recent measures taken by the Swiss Federal Council and cantons, we would like to reassure you that we will continue to be by your side. Your branches will remain open during their usual business hours.
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