To change your current location please select from one of Julius Baer’s locations below. Alternatively if your location is not listed please select international.

E-Services

Please select
Additional e-Services

*The location identified is an approximation based on your IP address and does not necessarily correspond to your citizenship or place of domicile.

Language:

Julius Baer to cease charging clients negative interest rates

share-mobile

Share

Share

Zurich, 22 July 2022 – Following the decision of the European Central Bank to increase the main EUR policy interest rate by 50 basis points to 0% as of 27 July 2022 and the previous increase in the CHF policy interest rate from -0.75% to -0.25% by the Swiss National Bank effective 17 June 2022, Julius Baer announces today that it will no longer charge negative interest rates on client deposits in euro, Swiss franc, and Danish krone as of 1 August 2022. In a persistent negative interest rate environment, Julius Baer has been applying negative interest rates to client cash holdings in these currencies.

We use cookies to make our website user-friendly for you. Please click "accept" or "customise settings" to customise which cookies will be set. Your preferences expire after six months. A default 'no consent' option applies in case no choice is made. Detailed information on the handling of cookies and data privacy, as well as your right to withdraw your consent at any time, can be found in our Data Privacy Policy.