The author posted a question in Business, Finance
Why is the interest on deposits/deposits in banks in Switzerland practically zero? Isn't it a developed economy there? and got a better answer
Response from Антон Владимирович[+++++]
Response from 0[+++++]
The ECB already said this a few days ago!
The ECB already said this a few days ago!
Response from 0[+++++]
firstly, the low interest rates on deposits at Swiss banks are compensated for by Switzerland's highest level of reliability. secondly, the Swiss franc is hardly ever devalued
firstly, the low interest rates on deposits at Swiss banks are compensated for by Switzerland's highest level of reliability. secondly, the Swiss franc is hardly ever devalued
Response from 0[+]
concurring
concurring
Response from 0[+++++]
Usually the more developed the economy the lower the interest on deposits.
Usually the more developed the economy the lower the interest on deposits.