Whilst many banks are cutting interest rates around the world to combat the economic effects of the Coronavirus Pandemic, negative interest rates have been in place in Switzerland since 2018.
And with many Swiss Banking institutions lowering the threshold at which they charge to hold cash in a current account, international workers are frantically reviewing their situation to avoid being penalised.
Download your FREE e-guide now to discover:
Why the more you invest, the more you will be penalised
The damage low interest rates has on your savings
How to make use of all the tax allowances that come with your expat status
How to improve your tax efficiency
What is causing negative interest rates in Switzerland
The importance of diversifying your investments
Safe and secure investment locations
Tax efficient Jurisdictions
How to increase the performance of your savings
There is a strong feeling that negative rates are here to stay and are indeed the ‘new normal'
AT GWM we use UK Crown Dependencies or territories with similar protection and the same transparent regulations.
This allows us to offer tax efficient investments and savings with high levels of investor protection which gives peace of mind to our clients.
Download our free e-guide to Swiss Banking Charges now and understand what this means for people just like you.
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