SNB Tiered Remuneration Calculator

01 — Calculation engine

Balance-sheet workbench

CHF values · Illustrative institution · No live account data

Institution parameters

Editable assumptions

Account holder classification

Total SNB sight deposits CHF million

Average minimum reserve requirement Previous 36 RPs · CHF m

Use the actual 36-period average where available. A single estimate is used here instead of importing the 36 observations.

Latest minimum reserve requirement CHF m

Eligible cash holdings CHF m

Monetary policy settings

Threshold factor Multiplier

SNB policy rate % p.a.

Above-threshold discount Basis points

Accrual horizon Calendar days

All calculations run locally in your browser.

Reference settings reflect the zero-rate regime. Changing the policy rate creates a simplified scenario, not an official historical SNB interest calculation.

Remuneration breakdown

Current factor · 13.5×

Estimated interest over selected period

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30 days · Actual/360

Applicable threshold

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After threshold floor

Above-threshold rate

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Policy rate less discount

Allocation of sight deposits

Unremunerated reservesWithin thresholdAbove threshold

Non-remunerated minimum-reserve portion	—
Remunerated at policy rate	—
Remunerated at discounted rate	—
Implied effective annualised rate	—
Annualised interest at constant balances	—

2026 threshold-factor comparison

Previous factor · 15.0×

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Threshold —

Current factor · 13.5×

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Threshold —

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Interest sensitivity to sight deposit balancesIllustrative 30-day-equivalent curve at selected rates and days

The dashed vertical line marks the entered sight deposit balance. Negative values represent an interest charge; results are not forecasts.

Methodology & calculation logic

Transparent assumptions

Threshold: for reserve-subject banks, max(CHF 10m, latest minimum reserve requirement, 36-reference-period average × factor). Other holders use their individually assigned fixed threshold, with a CHF 10m minimum in this model.
Unremunerated portion: for reserve-subject banks, max(0, latest minimum reserve requirement − eligible cash holdings), capped by the balance held within the threshold.
Tier split: the remainder within the threshold receives the policy rate; balances above it receive the policy rate minus the discount.
Interest: (within-threshold remunerated balance × policy rate + excess balance × discounted rate) × days / 360. All amounts are CHF, with rates expressed annually.
2026 comparison: recalculates identical balances under factors 15 and 13.5. It isolates the mechanical threshold effect and does not estimate behavioural changes.

Real remuneration is calculated daily using actual account balances, applicable rates and SNB reference-period data. This simplified workbench assumes constant balances throughout the selected horizon. Actual SNB booking, legal-entity changes, account aggregation and institution-specific adjustments may differ.

Historical precision: 15.0× applied from 1 March 2026; 13.5× applies from 1 August 2026. The default policy rate is 0.00%, with a 25 bp discount above the threshold. Changing the rate creates a hypothetical illustration and may require different regime-specific official rules.

Primary sources & verification

Swiss National Bank

This independent BondStats calculator is not affiliated with or endorsed by the Swiss National Bank. Values are prefilled from published SNB policy settings as at 12 October 2026 and are not refreshed automatically.

SNB · Current interest and exchange rates ↗SNB · Threshold factor reduced to 13.5 (22 June 2026) ↗SNB · Implementation of monetary policy ↗SNB · Instruction sheet, 0% policy rate (PDF) ↗SNB · Monetary policy assessment (24 September 2026) ↗

For official account-level interest, consult the applicable SNB terms and German-language authoritative documents. This is a research illustration, not a settlement, regulatory or compliance tool.