GRB Youth Savings Account

Youth savings account

General information:

Not suitable for payment services.

Age:

For individuals up to the age of 20.

Account type:

Youth savings account

Currency:

CHF

Interest rate:

Up to CHF 50,000: 0.8% per year.
From CHF 50,000: 0.5% per year.

Withdrawals:

The parents manage the account until their child reaches the age of majority. Withdrawals are only possible in exceptional cases.
After the holder reaches the age of majority: withdrawals of up to CHF 10,000 per month are possible without notice. For larger withdrawals, a notice period of 3 months applies.

Account opening fee:

The account opening is free of charge.

Account management costs:

The account management is free of charge.

Closing of account fee:

The closing of account is free of charge.

Termination of banking relationship:

Not specified.

Minimum deposit:

Not specified.