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Zak Savings Account: 1.3% Interest Rate in September 2024

Philippe

September 6, 2024

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A 1.3% interest rate in September 2024

In a Swiss banking landscape of inflation and uncertainty, Zak, the neo-bank of Banque Cler, is breaking the rules with its new savings product: Savings in Zak.

Launched in April 2024, this digital savings account has an annual interest rate of 1.3% on deposits up to CHF 100,000. A must-have for savers who want better returns on their money, especially in times of rising inflation.

Let’s take a closer look at the advantages of Savings in Zak Bank and its interest for those who use it.

But what is it in concrete terms?

To better understand the interest of Savings in Zak, let’s take the example of Mrs. Pittet, who wants to save 10,000 CHF for an upcoming trip. Placed in a traditional savings account with an interest rate of 0.7%, her 10,000 CHF would earn her 70 CHF in interest after one year.

On the other hand, if she opts for Savings in Zak, her interest would amount to 130 CHF, almost double! This notable difference highlights the undeniable advantage of Savings in Zak for people who want to make their money grow faster.

The attractiveness of Savings in Zak is not limited to its attractive interest rate. It also offers simple and intuitive management via the Zak mobile application. You can therefore make deposits and withdrawals whenever you want and check your balance and the evolution of your savings in real time.

The Zak app gives you full control over your financial management. You can manage your savings at your own pace and according to your needs, without worrying about complex procedures or hidden fees.

Transparent monitoring of your interests with Savings in Zak

Savings in Zak offers you optimal visibility on the performance of your savings thanks to its integrated interest meter. This valuable tool allows you to monitor the evolution of your interests and the balance of your account in real time.

Why track your interests?

• Stay informed about the performance of your savings: tracking your interests allows you to concretely visualize the impact of the attractive interest rate of Savings in Zak on the growth of your savings.
• Measure your progress towards your savings goals: by tracking your interests, you can assess whether you are on track to achieve your savings goals.
• Adjust your savings strategy if necessary: if you notice that your interests are not progressing as you would like, you can consider adjusting your savings strategy, for example by increasing your payments or changing the distribution of your assets.

How does the interest meter work?

The interest meter is integrated into the Zak application and is updated automatically every day. It shows you:

• The total amount of your interest income: you can thus visualize the evolution of your interests over time.
• The annual interest rate: you have a constant reminder of the attractive interest rate of Savings in Zak.
• The balance of your account: you can follow the evolution of your savings in real time.

A simple and effective tool for informed savings management

The interest meter of Savings in Zak is a simple and effective tool that allows you to make informed decisions about your savings. By following your interests, you stay informed of the performance of your savings and can adjust your strategy if necessary to achieve your financial goals.

What are the advantages of the savings account in Zak

Here are the main advantages of the savings offer in Zak:

Totally free:

• Free digital account opening
• Free account maintenance
• Free annual and digital account statement
• Free account closure

Attractive interest rate:

• Enjoy an 1.3% interest rate on deposits up to CHF 100,000, one of the highest rates on the Swiss market.

Flexibility and simplicity:

• Pay in the amount you want, whenever you want.
• Manage your account entirely online via the Zak app, accessible 24/7.
• View your balance, transactions and savings progress in real time.
• Activate recurring automatic transfers for regular savings.

How to open a savings account in Zak

If you are ready to simplify your savings and make your money grow, opening a savings account in Zak is a quick and easy process:

1. Download the Zak app on your smartphone.
2. Create a Zak account by following the simple on-screen instructions.
3. Activate the “Savings in Zak” plugin in the Zak Store.
4. Sign the account opening documents via mTAN in the app.
5. Start saving today

Conclusion

With its attractive interest rate, intuitive management, practical features and guaranteed security, Savings in Zak is an ideal choice for individuals in Switzerland who are looking for a simple and effective way to achieve their financial goals.

Whether you want to build an emergency fund, save for a major project, or simply grow your money, Zak gives you the tools and features to help you make your financial dreams come true.