Press Release

PostFinance reacts to SNB’s negative interest rates

PostFinance will introduce an interest limit of 10 million francs on business accounts as of 1 March 2015. Major customers and banks will also be charged a fee on the credit balance that exceeds their individual customer threshold.

The Swiss National Bank introduced negative interest of -0.75% on sight deposit account balances with effect from 22 January 2015. PostFinance is directly affected by this measure and pays negative interest on part of its sight deposit account balance. PostFinance will therefore introduce an interest limit of 10 million francs or 10 million euros on business accounts as of 1 March 2015. Assets that exceed this amount will no longer earn interest until further notice.

Focus on significant balance changes

PostFinance is also taking the additional step of defining individual customer thresholds for major customers and banks. The proportion of credit that exceeds the threshold will be subject to a fee, currently 1%, from 1 February 2015. The measures introduced by PostFinance are specifically aimed at major customers and banks that transfer assets with no relation to payment transactions to PostFinance. In light of the current circumstances, private customers and most business cus-tomers will not have to pay a deposit fee. If the market situation changes significantly, PostFinance reserves the right to implement further measures.


Johannes Möri
Media Spokesperson
079 354 08 39