Move means savings of £1.7m would attract fee of £10,700 for clients in Switzerland
Swiss banks are to start charging their super-rich clients to look after their piles of cash.
UBS, the world’s largest wealth manager, told its ultra-wealthy clients on Tuesday that it would introduce an annual 0.6% charge on cash savings of more than €500,000 (£461,000). The fee, to be introduced in November, rises to 0.75% on savings of more than 2m Swiss francs (£1.7m).UBS to charge super-rich for cash deposits
Move means savings of £1.7m would attract fee of £10,700 for clients in Switzerlandwww.theguardian.com