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SNB announces changes to remuneration of sight deposits

SNB announces changes to remuneration of sight deposits
This will kick into effect on 1 December 2023, with the SNB lowering the threshold factor for the remuneration of sight deposits of those account holders subject to the minimum reserve requirements from 28 to 25. For some context, the threshold factor is applied to this calculation here:And for added context, the remuneration is for Swiss sight deposits up to said threshold, which will see the SNB policy rate be applied. Sight deposits below said threshold will be remunerated at the SNB policy r... Read More
Posted: Oct 30 2023, 06:59
Author Name: forexlive
Views: 091971

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