It’s hard to go broke
The list of the best hsbc banking system in Switzerland is structured in such a way that it is practically impossible for them to go bankrupt. This means that clients do not have to worry about the safety of their funds. Banks ranking does not promise guaranteed income to their depositors and do not use the concept of deposit accounts. In the country’s financial system, the practice of generating income from the difference between the interest rate promised to the depositor and the profit received from client money is practically inapplicable. Hsbc banks for sale do not look for high-risk investments in order to earn income on the difference. Financiers earn the maximum possible on client funds without participating in the profits of investors. In addition, association of Swiss banks very rarely issue loans.
What then is the profit due to? Top bankers manage depositors’ funds in their interests and in accordance with the list of requirements of clients. For this, a fee is charged, for example, 0.75% per year of the amount available in the account. The client receives everything that the financial institution earned on his money, deducting only the payment for banking services. This is a direct benefit for investors.
Clients are also attracted by the fact that they do not have to pay tax on income in the form of annual interest on capital placed in bank accounts. By the way, in most other countries such profits are taxed. Tax rates range from 15 to 50%! In Switzerland you don’t have to pay anything.