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Bank Accounts

Forget the way you worked with Swiss Banks, here everything revolves around checks!

You might have noticed that regular checking accounts (although mandatory here, IMHO) have interest rates that will make you earn peanuts. Regular saving accounts are better, but not much. CDs (certificate of deposit) can give you a rate around 4.5% (1998). If you received a grant and come here with some tens of thousand dollars, it makes a difference. Do not hesitate to go to another bank if you are not happy. If you are loaded with thousands of dollars, always mention it to the bank accountant. At least, you will get a seat. Otherwise, As a rule of thumb, the big banks have more ATMs and/or branches but more often have high service fees and bad service.

Submitted by: Claudio Fleiner


Pages Updated On: 30-Dec-2007 - 03:12:02
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