Neon Bank currently offers a positive interest rate of 0.40% on assets placed in Spaces. This will increase from July 1st.
How much is the interest rate of Neon Bank
The interest rate of Neon Bank is 0.40% until June 30, 2023 and as revealed by the price list of Neon Bank, this interest rate will increase from July 1st 2023.
Here is what we can read:
Interest on balances from 1 April to 30 June 2023
- 0.9% on balances up to CHF 25,000
- 0.65% on balances over CHF 25,000
Use the promo code FR4FYL before 31 October 2023 to get CHF 10 + FREE Debit Card (10 CHF value) 🙌
This is a total value of 20 CHF, since you get 10 CHF in cash on your account and save 10 CHF for the Debit card.
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How does the Neon Bank interest rate apply
Interest applies to holdings in Spaces (excluding the Main Account).
There is a monthly limit of CHF 50,000 (cumulative) for outgoing transfers of Spaces. If this limit is exceeded, a 2% fee will be charged at the end of the calendar year on the excess amounts.
Does Neon Bank offer the best interest rate?
Neon Bank currently offers the lowest interest rate among neoNeon will soon increase its interest rates on private accounts. Read our article to learn more >banks, but this could change from 1 July.
Here’s a comparison of interest rates between Swiss neobanks:
|Applies to the full balance||❌ Savings||❌ Spaces||✅||✅|
|Limits||up to CHF 50,000 CHF then 0,25% up to CHF 500,000. 0% above||up to CHF 25,000||Between 25,000. and 100,000 CHF, EUR and USD interests are reduced to 0.50%.||up to CHF 25,000|