Mortgage interest is rising, savings interest is not: is that the big savings interest rip-off?
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The banks earn at the expense of their customers. But the trick doesn’t work the way critics think, says an expert. In this way, debtors can save around 100,000 francs.
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Curvaceous: There is often no direct route to the cheapest mortgage
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The banks are now charging more than 2 percent again if they are to lend mortgages at a fixed interest rate for ten years. But they still don’t pay interest on savings accounts, and some even charge penalty interest. Critics see it as a rip-off, to put it bluntly: the big savings-money rip-off. The banks receive dirt-cheap savings – and lend them out at high cost as mortgages. An economist tells the “Sonntagsblick”: “The banks have used the opportunity to increase their profits.”
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