Swiss Interest Rate Gap Hits Record 2.5 Percentage Points

The gap between Swiss and eurozone interest rates has reached a record 2.5 percentage points, with the European Central Bank's benchmark rate now at 2.5%.

This means that savers in Switzerland could potentially earn more by opening a euro account across the border.

However, economists warn against this strategy, citing historical data that shows interest-rate spreads are eventually wiped out by exchange-rate movements.