Do I receive interest with neon?
From 1 December 2024, there will no longer be interest on your Spaces balance because the Swiss National Bank (SNB) has lowered its key interest rate to 1.0% (end of September) and we expect a further interest rate cut in December 2024.
Between 01.11.2024 and 30.11.2024, the following interest rates were in effect:
0 - 25'000 CHF: 0.10%
above 25'000 CHF: 0%
Example: You have five Spaces with a total balance of 30'000 CHF. You then earn 0.10% interest per year on your first 25'000 CHF and 0% on the other 5'000 CHF.
Between 01.07.2024 and 31.10.2024, you received 0.50% interest on your Spaces balance of up to 25'000 CHF and 0.25% interest on your Spaces balance of more than 25'000 CHF.
Between 01.05.2024 and 30.06.2024, you received 0.75% interest on your Spaces balance of up to 25'000 CHF and 0.50% interest on your Spaces balance of more than 25'000 CHF.
Between 01.07.2023 and 30.04.2024, you received 0.90% interest on your Spaces balance of up to 25'000 CHF and 0.65% interest on your Spaces balance of more than 25'000 CHF.
Between 01.04.2023 and 30.06.2023, you received 0.40% interest on the total balance in your Spaces (up to 25'000 CHF).
Between 01.01.2023 and 31.03.2023, you received 0.15% interest on the total balance in your Spaces (up to 25'000 CHF).