Neon Bank currently offers a positive interest rate of 0.50%.
How much is the interest rate of Neon Bank
The interest rate of Neon Bank is 0.50% in November 2024
Here is what we can read on Neon’s Pricing page:
Interest on balances:
- 0.50% on balances up to CHF 25,000
- 0.25% on balances over CHF 25,000
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How does the Neon Bank interest rate apply
Interest applies to holdings in Spaces (excluding the Main Account).
There is a monthly limit of CHF 50,000 (cumulative) for outgoing transfers of Spaces. If this limit is exceeded, a 2% fee will be charged at the end of the calendar year on the excess amounts.
Does Neon Bank offer the best interest rate?
Neon Bank currently offers the lowest interest rate among neobanks. Neon will soon increase its interest rates on private accounts.
Here’s a comparison of interest rates between Swiss neobanks:
| Neobank | Interest Rate | Interest Cap | Withdrawal Limit |
|---|---|---|---|
| Alpian | 0.75 % | 1% above CHF 100,000 | None |
| Neon | 0.10 % | Up to CHF 25,000, then 0,00% | None |
| Radicant | 0.75 % | 1% from CHF 100,000 to CHF 250,000 | None |
| Yuh Bank | 0.75 % | - | None |
| Zak | 0.55 % | Up to CHF 25,000 | None |
