UBS - UBS' Attractive Interest Rates - A Strategy To Recover Credit Suisse's Lost Terrain: Report | Benzinga
UBS Group AG (NYSE: UBS) is reportedly offering enticing interest rates on deposits to attract and retain clients following its acquisition of Credit Suisse, a move aimed at repairing the outflows experienced by the latter.
The Swiss banking giant is offering approximately 1.8% interest on deposits exceeding 50,000 Swiss francs held for a minimum of three months, a rate that is notably higher than competitors Zuercher Kantonalbank and Raiffeisen, according to a news report by Reuters.
The acquisition of Credit Suisse came with its challenges for UBS. The subsidiary ...