Monday, November 30th, 2009
Credit Suisse versus UBS?
VIVI asked:
I live in Switzerland (In the Canton of Valais). I am a B-Permit holder. And at the moment I bank with the Post Office. I am planing to switch from the Post Bank to either Credit Suisse or UBS. Which one is better? More customer friendly? I am a student and I am under 21 so feed back would really help me. Thanks
I live in Switzerland (In the Canton of Valais). I am a B-Permit holder. And at the moment I bank with the Post Office. I am planing to switch from the Post Bank to either Credit Suisse or UBS. Which one is better? More customer friendly? I am a student and I am under 21 so feed back would really help me. Thanks
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December 1st, 2009 at 2:38 am
Great Question.
I am a shareholder of both CS and UBS. UBS was long considered THE quintessential Swiss bank. As of late, however, Credi Suisse has surpassed UBS when it comes to navigating the current credit crisis and overall market performance.
Neither bank has an issue with solvency, so I think that it comes down to what you want out of a bank.
You need to ask yourself about locations, withdrawal fees and access, and overall benefits of banking with the company. Go to their websites and look to see who is offering the best deal for new accounts.
If all else was equal I would go with Credit Suisse.
They do not appear to be as arrogant and are improving overall unlike UBS who continue to fill the headlines with negativity.
Good luck!