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PostFinance to adjust customer asset fee as of 1 July 2022

On 17 June 2022, the Swiss National Bank (SNB) increased the SNB key rate by half a percentage point to –0.25 percent. PostFinance is reacting to this adjustment accordingly and therefore also reducing its customer asset fee for relevant customers by 1 July at the latest.

Due to the continuing negative interest rates, pressure on the interest differential business at PostFinance has grown significantly in the past few years. For this reason, private customers with PostFinance have been paying a customer asset fee of 0.75 percent on account balances above 100,000 francs since July 2021. In accordance with the SNB’s decision to raise the key rate, PostFinance will adjust its customer asset fee for private and business customers to 0.25 percent as of 1 July 2022. As before, the thresholds for the customer asset fees for business customers will be calculated individually.