Just put some cash there and don't do any trading.dukascopy.bank sounds good. However, I see now, fees from assets 1.5% per year, is that serious? Then of course not acceptable.
Maintenance fee 1.5% per year (The maintenance fee (cumulative swap points) is charged monthly for the assets held in the previous month. The fee is calculated from the sum of the end-of-day balances of the investments' * (maintenance fee in % / 360).
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Are Swiss banks expensive or not?
- Thread starter daniels27
- Start date
The minimum is EUR 100.000. That's too much for doing nothing. Otherwise I would get 3.5% interest, i.e. €3.500 a year.
So I really wonder how brazen to demand a 1.5% fee, and who is stupid enough to pay it? With 1 million, that would be 15K in fees. Especially as the same 1 million at Swissquote is capped at CHF 200!dukascopy.bank sounds good. However, I see now, fees from assets 1.5% per year, is that serious? Then of course not acceptable.
Maintenance fee 1.5% per year (The maintenance fee (cumulative swap points) is charged monthly for the assets held in the previous month. The fee is calculated from the sum of the end-of-day balances of the investments' * (maintenance fee in % / 360).
it all depends on the services you require. If you are a daytrader then it makes no sense,
if you need customized services then it absolutely makes sense!
if you need customized services then it absolutely makes sense!
Any good investment fund is better than the ‘private banking’ fuss.
I would never pay it. But there are enough people that voluntarily subsidise the country. That's why such asset fees are very normal in Swiss banking.
@JohnnyDoe is right here: Just one of many examples of Swiss mythology: not everything that glitters is gold.
You can get the same services elsewhere, no need to overfeed Swiss monkeys posing as cows.
it all depends on the fee you pay. I am happy with my 0,25% custody and the services I get for this
This fetish is called “financial domination”. De gustibus.
I suggest https://www.vivianrobinson.com/london-femdom-kink-bdsm-mistress/financial-domination-mistress/
You need banks as much as you need a financial dominatrix.
Certainly nobody needs Swiss banks today.
thats pretty cheap. If you engage their "wealth destruction management" services, you pay much much more.
I think back at the time when you had the choice of paying 40% taxed or sending your money to Switzerland and pay 5%, the choice was simple. Now, things have changed, and you can simply pay a mere coffe per day to have your freedom, thanks to @JohnLocke.
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