Deposits - Information

Deutsche Bank Switzerland offers a range of deposit products. Below you will find further information on the day count conventions used and potential charges.

The Day Count Convention is the method used to determine the amount of interest (or profit for Islamic Deposits) payable in respect of a particular period. The conventions outlined below are applicable for time deposits booked directly with Deutsche Bank (Suisse) SA and also fiduciary and Islamic deposits booked with Deutsche Bank Luxembourg S.A. and Deutsche Bank AG.

For the following currencies: AED, CHF, CNH, CZK, DKK, EUR, HUF, MXN, NOK, RON, SAR, SEK, USD and TRY, the annual interest (or profit) rate is multiplied by the number of days in the relevant period and divided by 360 days (ACT/360).

For the following currencies: AUD, CAD, GBP, HKD, ILS, JPY, NZD, PLN, SGD, THB and ZAR, the annual interest (or profit) rate is multiplied by the number of days in the relevant period and divided by 365 days (ACT/365).

Please note that different Day Count Conventions may apply to fiduciary deposits placed with banks outside of the Deutsche Bank Group.

In the event of either of the European Central Bank’s Deposit Facility Rate or the Swiss National Bank’s Policy Rate moving negative, Deutsche Bank (Suisse) SA will apply Deposit Fees on EUR and CHF current accounts. These will be calculated and applied to the balance amount that exceeds a set threshold that will be determined by Deutsche Bank (Suisse) SA.

The applicable Deposit Fee rates and threshold levels are available from Deutsche Bank (Suisse) SA upon client request.