The interest rates on savings accounts at banks continue to fall, and the taboo, to debit the balances of the Private, with negative interest rates, has already been broken. Who wants to multiply his money in the savings account, takes a lot of patience or pay for it.
To the savings account Zürcher Kantonalbank, there are up to 250’000 francs, or 0.01 percent interest. In addition, the interest rate is equal to zero. Also in the case of Credit Suisse are subject to interest at the normal savings account deposits up to 250’000 francs, with 0.01 percent. At UBS, there is 0 percent. However, there are still ways to multiply his money.
so Far, an interest rate of two percent, without limitation, the amount of the capital contribution.
Who is a member of a housing cooperative, benefiting from higher interest rates than the banks provide: About 2 percent on capital contributions and affordable housing – in Zürich-Seebach, Altstetten or Schwamendingen is possible. The trade Union of residential and cooperative housing Association Gewobag in the Canton of Zurich has decided to stagger their interest rates on deposits to the Deposit account on the first of January 2020, and to increase partially. So far, an interest rate of two percent, without limitation, the amount of the capital contribution.
as of January, there is a 2.25 instead of 2 percent
especially cooperative members who Deposit up to 250’000 francs, the equity benefit. This is a new interest at a rate of 2.25 percent. On amounts between 250’000 to 750’000 Swiss francs, there are 2 percent interest, in addition to zero.
How does a housing cooperative, to increase their interest rates – at least partially –in times of negative interest rates? “The savings contributions to the Deposit accounts at the Gewobag, on average, in 25 years,” says managing Director Daniel Muff. Only through this long investment period, it is possible to have an interest rate between 2 and 2.25 per cent offer. “We want to meet the small savers, as a cooperative, that is our task,” says Muff. Especially in times in which private customers of the banks with negative interest rates would be punished, whether such a scheme makes sense.
Around 2500 apartments have the Gewobag and its members in the Canton of Zurich. Paid-in capital in the Deposit Fund will increase From 49 million francs by the end of 2013 to 71 million by the end of 2018.
In other is an increase in the moment not an issue
other housing cooperatives provide their members with a good rate of interest. However, in comparison to the last few years, this is tended to decrease. So, for example, in the case of the Gesewo, the co-operative for self-administered Live in Winterthur. Loans with a fixed term of five years and were to bear interest until 2017, 1 percent, over ten years, with 1.5 per cent. Then, the rates have been reduced. Today, there are for a term of more than five years, or 0.62 per cent, for ten years to 1.12 percent. “An increase in the interest rates in the Gesewo there is currently no theme”, it says on request of this newspaper.
the Other big housing cooperatives have adjusted their interest rates downward.
Even at the largest housing cooperative Switzerland, the General Baugenossenschaft Zürich, interest rates decline, as in the case of the non-profit housing cooperative Röntgenhof Zurich. And the fourth-largest Swiss building cooperative, the OJ Lucerne, has adjusted its interest rates down. For construction projects they Finance through loans from banks or institutional investors such as pension funds, as well as the funds from the Deposit Fund. A balance between the Deposit Fund and credit to maintain payments, it was decided to reduce the interest rates. “The adjustment was made also on the then Situation on the capital market,” says Bull-Director Martin Buob.
operatives will determine your interest rates yourself
the end of 2018, amounted to paid-in capital in the Deposit cash of the Abl over 190 million Swiss francs. “Cooperative housing is attractive, we have for the past ten years, an increase in our membership numbers,” says Buob.
According to Figures from the Federal office for housing Switzerland, around 185000 homes owned by non-profit developers. Of these, around 162000 cooperative apartments. Overall, the Association of non-profit Housing providers, housing cooperatives, Switzerland estimates the number of housing cooperatives on the 2000. The interest rates on Deposit funds, determines each of the cooperative itself. They mostly focused on the General interest of development and of their own funding situation. Thus, the interest rates can vary.
Created: 19.11.2019, 21:26 PM
