Swissquote review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Swissquote is a Luxembourg cash-management account, not a savings product: the headline rate is 0% and monthly fees run €0 to €15 a month. It suits private clients who want a regulated euro balance beside their securities, and it suits nobody watching that balance grow.
Key facts
- Best for
- Euro cash held beside a securities account, with monthly fees of €0 to €15.
- Headline rate
- 0%↗
- Rate type
- Variable↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Interest accrued daily on the end-of-day cash balance, paid once a year at year end; private clients only, legal entities not eligible↗
- Monthly fee
- €0 to €15↗
- Account kind
- Cash management↗
- Legal entity
- Swissquote Bank Europe SA↗
- Headquarters
- Luxembourg↗
- Support channels
- Phone, Help-centre
- Pricing model
- No monthly fee
- Official website
- swissquote.com
Everyday accounts
- Currency conversion fee
- 0.25% to 0.9%↗
- Transfer fee
- SEPA cash transfers out free; other cash transfers out EUR 10; securities transfers out EUR 25 per line; non-standard transfers EUR 50↗
Facts checked September 26, 2026, 4 sources
Apps and profiles
Pros and cons
Pros
- Monthly fees run €0 to €15 with the model listed as no monthly fee, and SEPA cash transfers out are free.
- Deposits are covered by EU DGS up to EUR 100,000.
- The account is held by Swissquote Bank Europe SA in Luxembourg, supervised by the Commission de Surveillance du Secteur Financier (CSSF).
Cons
- The headline rate is 0%, which leaves the brand at 458 of 473 brands on that measure.
- Currency conversion fees run 0.25% to 0.9%, above the site median of 0.5%.
- Interest accrues daily but is credited once a year at year end, so a balance opened midyear waits for the payment.
Who it suits
- Private clients who want a euro cash balance alongside a securities account.
- Investors who want their cash held by a bank entity in LU under EU DGS up to EUR 100,000.
- Clients who treat the balance as working cash rather than as a saving.
Who should look elsewhere
- Savings seekers chasing interest, who should look at AXI Card Tarjeta y Credito at 21.59% instead.
- Anyone after a card-linked figure rather than a bank balance: Plazo ES lists 24.19%.
- Wallet users who would rather keep a balance outside a bank account, who can compare PayPal Colombia at 3.3%.
Rates and card terms
The account is built for cash rather than deposits. The headline rate is 0% and the rate is variable, so the return moves with the policy rate rather than being fixed. Interest accrues daily on the end-of-day balance and is paid once a year at year end, for private clients, with legal entities not eligible.
The company behind it
The account is run by Swissquote Bank Europe SA, based in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier (CSSF), recorded as MiCA CASP 549300M2IHOB9P5WE714. Support runs on phone and help centre, a phone line and a help centre, without a live chat channel listed alongside them.
How Swissquote compares
8.7 vs 8.6
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8.7 vs 9.1
8.7 vs 8.9
8.7 vs 8.7- 8.7 vs 8.0
8.7 vs 9.0
8.7 vs 8.1
8.7 vs 8.7
8.7 vs 8.0
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.3
8.7 vs 9.2
8.7 vs 9.0
8.7 vs 8.7
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.4
8.7 vs 8.3
8.7 vs 9.0
Where Swissquote is available
- Available
- Hong Kong, Luxembourg, Singapore, South Africa, Switzerland, United Arab Emirates, United Kingdom
- Licence in Luxembourg
- Commission de Surveillance du Secteur Financier (CSSF) (MiCA CASP 549300M2IHOB9P5WE714), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
- Licence in Switzerland
- Swiss Financial Market Supervisory Authority (FINMA), checked September 26, 2026
- Licence in United Arab Emirates
- Dubai Financial Services Authority (DFSA), checked September 26, 2026
- Licence in United Arab Emirates
- Central Bank of the United Arab Emirates, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest does Swissquote pay on cash?+
The headline rate is 0% and the rate is variable, so the balance is built for holding rather than growing. Interest accrues daily on the end-of-day balance and is paid once a year at year end, which suits clients who want access to the cash and treat the interest as a by-product.
Is there a monthly account fee?+
Monthly fees run €0 to €15 and the pricing model is listed as no monthly fee, so the bottom of that range carries no recurring cost. Transfers matter more than the fee: SEPA cash transfers out are free, while securities transfers out and non-standard transfers each attract a separate charge.
How is the money protected?+
Deposits are covered by EU DGS up to EUR 100,000, so balances held with the Luxembourg entity sit inside the EU scheme up to its stated limit. The account is run by Swissquote Bank Europe SA in Luxembourg, supervised by the Commission de Surveillance du Secteur Financier (CSSF) under registration MiCA CASP 549300M2IHOB9P5WE714.
What does it cost to convert currency?+
Conversion fees are 0.25% to 0.9% here, against a site median of 0.5% and a 0% to 2.08% middle band across the brands compared. Anyone moving cash in a currency other than the euro should read that spread before converting, since the monthly fee says nothing about the cost of exchange.
What kind of account is this and who can hold one?+
It is a cash management account, so the cash sits as a balance rather than as a deposit with a term. The published interest terms cover private clients, with legal entities not eligible for that rate, and monthly fees run €0 to €15 a month on the same private client pricing.
How do I reach support?+
Support runs on phone and help centre, so a phone line and a help centre are the listed routes for private clients. Those channels sit alongside a cash management account with monthly fees of €0 to €15, where the practical questions tend to be about transfers rather than the balance.
How does this compare with card providers on rate?+
Card-based rivals list different figures: AXI Card Tarjeta y Credito shows 21.59% and Plazo ES shows 24.19%, against 0% on cash here. Those numbers come from card and credit terms, so they sit on a different footing from a balance held in a current account.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“ae_homeMemberState=LU”
- swissquote.com/en-lu/private/bank/pricing checked September 26, 2026
Backs: Currency conversion fee
“Currency Conversion, Spot currencies: trade size 0 - 24'999 spread 0.9%, 25'000 - 99'999 0.75%, 100'000 - 499'999 0.5%, 500'000+ 0.25%”
- swissquote.com/en-lu/private/trade/pricing/account-fees checked September 26, 2026
Backs: Pricing model, Monthly fee, Transfer fee
“Account maintenance fee* Free ... *EU, UK residents and VIP clients. Other countries: free when you trade once a month (forex trades don't qualify), 15 € otherwise.”
- swissquote.com/en-mea/private/bank/pricing/interest-rates checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“Interests are accrued daily, based on the balance at the end of each day. They are deposited on your account once a year, at the end of the year. Positive interest rates only apply to private...”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Minimum deposit.
Related by the facts
Swissquote
Euro cash held beside a securities account, with monthly fees of €0 to €15.