Cost comparison: Selma vs. Swiss Bank 🇨🇭

Selma is three times cheaper

The listed costs are not estimates, but real numbers found on the bank’s web page and in its fund prospects. Out of pure courtesy, we will not publish this bank's name.

a. The bank (mutual fund)

Investment amount: CHF 10'000
Annual management fee: from 0.6% - 1.23%
Product's own costs: 0%
Transaction fee: Transaction fees not included
Asset-based fee: 1%
Exit Fee: Specific information missing
Swiss tax statement: CHF 10 per fund, min. CHF 25 + VAT
Deposit costs: Minimum CHF 90 / year
Total costs per year: CHF 290 - 353 / year(ca. 2.9% - 3.53% in the first year)

b. Selma 🌟

Investment amount: CHF 10'000
Annual management fee: 0.68% (max)
Product's own costs: 0.22% (average)
Transaction fee: 0%
Asset-based fee: 0%
Exit Fee: 0%
Swiss tax statement: inclusive
Deposit costs: 0%
Total costs per year: CHF 90(0.90%)

What does that mean in practice?

Let's assume you would earn a stable return of 5% on your initial CHF 10'000 investment every year. After 15 years, in 2037, once robots have taken over the world and Elon Musk has built a Hyperloop from NY to Paris, this is where you stand: 

a. The bank (mutual fund)

Initial Investment: CHF 10'000
Return of Investment: 5% p.a.
Costs in first year: 2.90% p.a.
Running costs after the first year: 1.9% p.a.
Account balance in 15 years: CHF +15'650.05
Profit in 15 years: CHF 5'650.05

b. Selma 🌟

Initial Investment: CHF 10'000
Return of Investment: 5% p.a.
Costs in first year: 0.90% p.a.
Running costs after the first year: 0.9% p.a.
Account balance in 15 years: CHF +18'270.90
Profit in 15 years: CHF 8'270.90

TL;DR

On first glance, many offers look great and fair. But be careful with hidden costs!

⚠️ Read the small print ⚠️ - Be aware of the transaction costs & exit fee.

Because of the compounding costs, the difference is staggering 2'620.85 CHF. It's 26.21% of your initial investment!

For us transparency is fundamental. Try out Selma for free and get your personal investment plan in just 5 minutes.

Try Selma for free!