Savings Accounts: Compare Them All and Discover the Best Yields in 2025

Find Your Ideal Savings Account in 3 Steps:

View current deposit account offers
Compare interest rates based on your deposit
Select the best one and activate it in just a few clicks

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KreditSOS compares term deposit accounts from over 10 banks. Discover the interest rates offered by each provider and simulate your net annual return by entering the amount and deposit duration directly on the bank's website.

What Is a Saving Account and Why Is It Worth It?

A term deposit account is a savings product that allows you to deposit a fixed amount of money for a set period, in exchange for a guaranteed interest rate. It differs from a standard current account, as you typically cannot withdraw the funds before the term ends without penalties.

In Switzerland, dozens of banks offer term deposit products with varying conditions, making comparison essential. The main benefit? Secure, low-risk growth of your capital — with fixed, predictable returns.

Term Deposit Offers Compared: The Best in 2025

Here you’ll find a comparison of the top term deposit accounts available in Switzerland, including offers from our trusted online and traditional banking partners.

ZAK by CLER: 0.60% annual interest, no lock-in on deposited funds
Alpian: 0.28% annual interest, no lock-in on deposited funds
Swissquote Save Easy: 0.25% annual interest, no lock-in on deposited funds

Tip: Always check the latest interest rates and conditions by running a simulation before opening a term deposit account and transferring your money.

Interest Rates Compared: Make Your Savings Work for You

Are you looking for the savings account with the best interest rate to grow your savings? Understanding how different interest rates affect the final yield is crucial. Let's analyze some hypothetical scenarios on a capital deposit of CHF 30,000 for a period of 12 months.

Scenario 1: Competitive Interest Rate (0.6%)

If your savings account offers an annual interest rate of 0.6%, on a deposit of CHF 30,000, you could earn a gross interest of CHF 180 in one year. This represents one of the most advantageous options currently available to grow your savings with minimal risk.

Scenario 2: Intermediate Interest Rate (0.28%)

An annual interest rate of 0.28% on a capital of CHF 30,000 would generate a gross interest of CHF 84 after 12 months. This option falls into a medium range, still offering a modest growth of your capital over time.

Scenario 3: Conservative Interest Rate (0.15%)

Even with a lower annual interest rate, such as 0.15%, your deposit of CHF 30,000 would still produce a gross interest of CHF 45 over a year. Although the growth is lower compared to the previous scenarios, it still represents a return on your capital.

Find the savings account offers that best suit your needs and start growing your savings today.

How to Open a Saving Account Online

Opening a Saving account online is quick and easy. Here’s how:

Choose the bank and the type of account that best suits your needs.
Fill out the online application form with your personal data.
Verify your identity through a video call or by uploading documents.
Digitally sign the contract.
Receive your access credentials and start using the account.

🛈 Requirements: You must be of legal age, have no history of bankruptcy, and hold a valid ID (passport, residence permit, or ID card).

How to Switch to a Better Saving Account

To move to a more advantageous account, follow these main steps:

Compare Offers: Carefully analyze proposals from different banks to find the most advantageous account in terms of costs and services.
Open the New Account: Proceed with opening the account at the chosen bank, following the online or in-branch procedure.
Transfer Funds: Move the money from your old account to the new one, ensuring that the availability is fully transferred.
Update Coordinates: If you have active direct debits or credits, communicate the new bank details to the relevant entities or companies.
Close the Old Account: Only after verifying the correct transfer of all funds and the update of coordinates, proceed with the definitive closure of the old account.

KreditSOS Tip: Before definitively closing the old account, ensure that all funds have been correctly transferred and that there are no ongoing operations.

How to Compare Saving Accounts Online

To compare online savings accounts and find the best solution to grow your savings, carefully consider these aspects:

Interest Rates: This is the main factor. Compare the gross annual rates offered by different banks and check for promotional rates for an initial period.
Terms and Duration: Evaluate whether the savings account has restrictions on the deposited amount and for how long. Higher rates are often associated with longer terms. Consider your financial availability and how long you can do without those funds.
Interest Capitalization Frequency: Some accounts capitalize interest annually, others at different frequencies (quarterly, semi-annually). More frequent capitalization can lead to a slightly higher yield due to compound interest.
Minimum and Maximum Deposit Amounts: Check for minimum or maximum limits for the amount you can deposit to obtain the advertised rate.
Ease of Opening and Management: Consider the simplicity of the online opening procedure and the ease of managing the account through the bank's online platform.
Bank Reliability: Choose solid and reliable banking institutions, preferably adhering to deposit guarantee systems.
Other Costs (if any): Although savings accounts often have no management fees, check for any charges in case of early closure (if allowed) or other specific operations.

Use the KreditSOS savings account comparator to easily view and compare these elements among different offers and choose the one that best suits your savings goals.

Why Use KreditSOS to Compare?

With KreditSOS, you can find the best offer quickly and easily. Benefits of our online comparison tool include:

✅ Save time and money: we shortlist the best offers for you
✅ Transparent info: clear details on fees and services
✅ Personalization: filter by your financial needs

Types and Costs of Savings Accounts

Unlike current accounts, savings accounts are primarily designed to grow savings and generally have a simpler cost structure. However, it's useful to distinguish some features:

Flexible Savings Accounts: Offer the possibility to withdraw deposited sums at any time, still maintaining an interest rate (which may vary).
Fixed-Term Savings Accounts: Provide a predetermined period (term) during which the deposited sums cannot be withdrawn (or can be with penalties). Generally, they offer higher interest rates compared to flexible accounts as compensation for the term.

Frequently Asked Questions About Savings Accounts

What documents are needed to open a savings account in Switzerland?

Generally, a valid identity document (such as a passport or identity card for foreigners), proof of residence (like a recent utility bill or a certificate of residence), and, depending on the bank and your financial situation, proof of income or assets may be required.

Is an online savings account secure?

Yes, banks in Switzerland adopt advanced security measures to protect your funds and data. These include data encryption, two-factor authentication for online account access, and other security protocols to prevent fraud and unauthorized access. Additionally, bank deposits in Switzerland are generally protected by the deposit guarantee system up to a certain amount per customer and per bank.

How long does it take to open a savings account?

The time required to open a savings account can vary. Online opening can be quite fast, sometimes requiring only a few minutes to fill out the form and complete the identity verification process (which can occur via video call or document upload). Opening in a branch may require an appointment and slightly longer time for document completion and verification. In general, the entire process can be completed in a few hours to a few working days.

Are there savings accounts without fixed costs?

Yes, many savings accounts in Switzerland do not have fixed management fees or monthly charges. The main profit for the bank comes from managing the deposited capital. However, it's important to check for any costs for specific operations, such as early withdrawals (in the case of fixed-term accounts) or account closure (although rare).

How to close a savings account?
You can close a savings account by following the procedures indicated by your bank. Usually, this can be done by visiting a branch in person or sending a written request (by registered mail or, if available, via email or through the bank's online platform). Make sure to withdraw all available funds or transfer them to another account before initiating the closure procedure. Some banks may require advance notice, especially if it is a fixed-term account, and in such cases, early closure might incur penalties or a partial loss of accrued interest.

Use KreditSOS to find the best savings account for your needs in Switzerland.

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