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April 9, 2021

SARON rate mortgage at CA next bank

At CA next bank, you can take out a mortgage based on the SARON (Swiss Average Rate Overnight) rate. But what is the SARON rate?

All financial institutions in Switzerland are preparing to discontinue LIBOR, along with the United Kingdom, Japan, the United States and other countries, in favour of alternative reference rates. On 5 March 2021, the Financial Conduct Authority (FCA) announced the cessation of CHF LIBOR as of 31 December 2021. The Swiss national working group recommended using SARON (Swiss Average Rate Overnight) as an alternative reference rate in CHF.

Now, a new SARON mortgage is available at CA next bank. Who are these mortgages suitable for? How do they work? How are they different to LIBOR?

You will find below answers to the most frequently asked questions:

 

 

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Rental car excess insurance

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Baggage insurance

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COVID: One year later, where do we stand?

A little over a year ago, the COVID-19 pandemic completely disrupted our lives and shook up the way we did things. We had to question ourselves, adapt and evolve to continue delivering the best possible quality of service to our customers and offer our help to those hardest hit by the crisis.

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Medical travel assistance

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Trip cancellation insurance

In these times of uncertain travel, it is more important than ever to know what insurance to rely on if something unexpected happens. Focus on trip cancellation insurance included with your Mastercard Viseca.

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