frankly.ch review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Frankly is a digital, fee free isa for people who want an account that costs nothing to hold and asks for almost nothing to open. It suits savers who value convenience over return: the rate is 0.15% and variable, far below where most accounts sit.
Key facts
- Best for
- A fully digital, no monthly fee isa with a token minimum deposit.
- Headline rate
- 0.15%↗
- Rate type
- Variable↗
- Minimum deposit
- CHF 1↗
- Access terms
- Fully digital, app or web, no minimum deposit and no minimum term↗
- Monthly fee
- CHF 0↗
- Account kind
- ISA↗
- Legal entity
- Sparen 3 pension foundation of Zuercher Kantonalbank↗
- Headquarters
- Switzerland↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- frankly.ch
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- LinkedInyoutube.com
Pros and cons
Pros
- No monthly charge: the monthly fee is CHF 0 and the model is no monthly fee
- The minimum deposit is CHF 1, so the account opens at a token amount
- Access is fully digital by app or web, with no minimum term attached
- Support covers email, phone and help centre, so help is not limited to one channel
- A variable rate of 0.15% keeps the return adjustable rather than locked
Cons
- The rate is 0.15%, far under the 4.5% typical of the savings accounts we track
- The rate is variable and variable, so it can move down in the same way it can move up
- The account is isa, which locks money away from a UK cash ISA even though the monthly fee is CHF 0
- Access is fully digital, run through the app or the web, so anyone who prefers counter service will find the account built around screen use
Who it suits
- Anyone starting small, since the minimum deposit is only CHF 1
- People who want a no monthly fee account and never want to see a monthly charge
- Savers who are happy with a variable return and use their own phone or laptop to manage it
Who should look elsewhere
- Anyone chasing return: 0.15% sits well below the 4.5% of the wider savings ranking
- Anyone who wants UK cash ISA tax shelter, as the account kind is isa
- People who want counter service, because access is fully digital and support runs on email, phone and help centre only
Access to your money
The account is fully digital, opened and run through the app or the web, with no minimum deposit and no minimum term. That means money can go in and come back out without a notice period or a fixed end date. The rate is variable, so the return on the balance is not locked to a term either. Together, access and pricing follow the balance rather than a schedule, which suits someone who wants their money reachable.
How it compares on our data
On headline rate, the account sits at 429 out of 473 brands, which places it in the part of the field where the smallest returns sit. On minimum deposit, the ranking is far kinder: 218 out of 370. In plain terms, this is one of the easier accounts on the site to open and one of the weakest on what the money earns. The two rankings together describe the trade-off clearly.
Rates and card terms
The headline rate is 0.15%, and it is variable. A variable rate can be revised by the provider during the life of the account, so the figure above is a starting point rather than a promise for the whole period. There is no minimum term, so the balance can be reduced or closed without waiting out a notice period. Set against a fixed product, the trade is stability for a lower figure.
Fees and FX
The monthly fee is CHF 0, and the model is no monthly fee, so holding the account costs nothing each month. The minimum deposit is CHF 1, which means the account opens for a token amount rather than a meaningful sum. Together these mean the running cost sits at the floor of the market: for the savings accounts we track, the monthly fee median is €0, with the highest reaching €449.
The company behind it
The legal entity is Sparen 3 pension foundation of Zuercher Kantonalbank, and the headquarters country is CH, so the account sits with a Swiss pension foundation rather than a standalone app company. It is supervised by the Pensions and Trusts Supervisory Authority for the Canton of Zurich. Support runs on email, phone and help centre, so help is available by phone and email as well as through a help centre, even though the account itself is fully digital.
How frankly.ch compares
8.8 vs 8.6
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Where frankly.ch is available
- Available
- Switzerland
- Licence in Switzerland
- Pensions and Trusts Supervisory Authority for the Canton of Zurich, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee to keep the account?+
No charge is made each month: the monthly fee is CHF 0 and the account model is no monthly fee. That sits alongside a minimum deposit of CHF 1, so the cost of keeping money in the account over a year is limited to the interest you forgo elsewhere.
What rate do I get on the balance?+
The headline rate is 0.15%, and it is variable. Because the rate is variable it can be revised while the account is open, so treat the published figure as a starting point. For scale, the median headline rate across the savings accounts we track is 3.08%.
Can I get my money out when I want it?+
Yes. Access is fully digital through the app or the web, and there is no minimum term, so nothing has to be left in place for a set period. There is also no minimum deposit to clear before you start, which keeps the account flexible for irregular savings.
What kind of account is this?+
It is a isa, held as part of a pillar three pension arrangement, rather than a plain deposit account. The legal entity is Sparen 3 pension foundation of Zuercher Kantonalbank. Tax treatment therefore follows the account kind, which is worth checking against your own situation.
Who regulates the account?+
The regulator is the Pensions and Trusts Supervisory Authority for the Canton of Zurich, and the headquarters country is CH. Supervision sits with a Swiss authority, so the account falls outside the UK deposit protection arrangement readers here may be used to.
How do I get help if something goes wrong?+
Support runs on email, phone and help centre, so you can reach the team by phone, by email or through a help centre. That matters more than usual here because the account is fully digital, with the app and the web as the only ways to manage the balance.
How much do I need to open the account?+
The minimum deposit is CHF 1, so the account opens with a token amount. That places it at 218 out of 370 brands on minimum deposit, which is one of the more accessible positions in that ranking.
Is the rate competitive?+
Not on rate alone. At 429 out of 473 brands on headline rate, the account sits near the bottom of a field where the top of the range reaches 4.15%. Its strength is the CHF 0 monthly fee and the CHF 1 entry point rather than the return.
Sources
- play.google.com/store/apps/details checked September 26, 2026
Backs: Access terms, Minimum deposit
“You can open your pillar 3a account quickly and conveniently without visiting the bank either via the app or via your computer or tablet.”
- frankly.ch/en/faq/what-included-all-in-fee.html checked September 26, 2026
Backs: Support channels
“You can contact us from Monday to Friday between 8 a.m. and 10 p.m. and at weekends between 9 a.m. and 6 p.m. on 0800 320 002 or by e-mail at support.frankly@zkb.ch.”
- frankly.ch/en/legal-notice.html checked September 26, 2026
Backs: Account kind, Headquarters, Legal entity, Licences
“aims to promote tax-privileged, tied private pension provision”
- frankly.ch/en/pillar-3a/3a-account.html checked September 26, 2026
Backs: Headline rate, Pricing model, Monthly fee, Rate type
“With the frankly 3a account, you currently receive an interest rate of 0.15% on your cash assets.”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.