Earn interest on CHF balances with a Multi-Currency Current Account

Looking to Spread Your Savings? Consider Holding CHF Within Your Multi-Currency Current Account 

With economic uncertainty on the rise, many savers are looking to diversify their finances across multiple currencies. One popular option is holding Swiss Francs (CHF) as part of a broader multi-currency banking strategy. This allows you to keep funds in CHF while maintaining flexibility and earning interest on eligible balances. 

Some key benefits of holding CHF within a Multi-Currency Current Account include: 

• Holding savings in a different currency – A CHF savings account allows funds to be held in euros rather than being converted into GBP. This may be relevant for customers who have CHF‑denominated income, expenses or assets. 
• Use of account – A CHF savings account enables customers to hold and manage savings in Euros alongside other currencies. Where available, customers may convert funds between currencies using the bank’s Currency exchange services and use a multi‑currency debit card (available to UK residents only) for spending abroad. Exchange rates apply. 

While these benefits may be compelling, there are also risks to consider, such as exchange rate fluctuations and differences in international banking regulations. Evaluating your financial situation carefully is important before deciding whether holding CHF aligns with your financial goals. 

iFAST Global Bank is a UK-based bank that offers a Multi-Currency Current Account, allowing clients to hold and manage various currencies, including CHF, all within one account. 

The best part is, you can start holding CHF from just CHF 1, and there are no specific rules about the minimum or maximum balance you need to maintain. Right now, you can earn an interest rate of 0.10% AER (variable) on CHF balances held within your Multi-Currency Current Account. 

Eligible deposits held with iFAST Global Bank are protected by the UK Financial Services Compensation Scheme (FSCS). This provides deposit insurance protection up to £120,000 per eligible person, giving added peace of mind for your funds. 

Some key benefits of banking with iFAST include: 

• Online account access – Check balances and manage your account 24/7 via online banking.  
• Open an account from abroad. (T&Cs apply)  
• No monthly fees – Unlike many banks, iFAST Global Bank does not charge monthly or annual fees.  
• No balance requirements – No minimum or maximum balance requirements apply.  
• Manage multiple currencies within one account.  
• Earn interest on CHF balances while maintaining flexibility and access to your funds.  
• Access a globally recognised reserve currency as part of your broader financial planning.  

Whether you want to diversify your holdings, manage multiple currencies more efficiently, or earn interest on CHF balances, holding CHF within a Multi-Currency Current Account could be an option worth considering. Carefully weigh the benefits and risks to determine whether this approach aligns with your financial goals. 

*T&Cs Apply. https://www.ifastgb.com/en/interest-rates?prod=mca