Bank loyalty comes at a price in Switzerland

The Swiss are very loyal to their main bank, but this loyalty comes at a high price. This is revealed in a study published on Tuesday by the online comparison site Moneyland.ch, which analysed the overall costs of Switzerland’s leading credit institutions and concluded that it is better to diversify. The analysis, carried out on nine major banks, calculated the total annual cost for those using a single bank for key services: a personal current account with a debit card, a savings account, a…