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UBS requires soon more customers with negative interest rates

The UBS expanded in view of the continuing interest of Negative charges for wealthy private clients, the large parts of their assets in cash to keep. With the beginning of November on amounts from 500'000 euros (about 546 000 Swiss francs) for a payment of 0.6 percent per year.

A Bank spokesman confirmed on Tuesday a report to the Agency "Bloomberg". So far, the threshold for Euro deposits amounted to one Million. In addition, Swiss franc will be occupied from November-amounts of two million with a levy of 0.75 per cent, confirmed the Bank's earlier disclosures.

The charges will apply only for funds, which are booked at UBS in Switzerland. With the delivery of UBS wants to move its rich clients to invest their money instead of banking it in the bar. "UBS has a wide range of Investment products to the customer, to offer alternative solutions," she said.

banks have to pay in Switzerland and the Euro-Zone fees, if you are Parking excess money at the Central banks. In Switzerland, this Penalty rate is at 0.75 percent, in the Euro Zone of 0.4 percent. (fal/sda)

Created: 06.08.2019, 18:18 PM

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