Cembra launches digital savings products

Media release

Zurich, 1 February 2024 – Cembra is expanding its product portfolio with new, no-fee online savings products that offer attractive interest rates. They are simple and user-friendly to open and manage – and they're digital. 

Cembra customers can now choose from three different savings accounts: Savings Account Flex, Savings Account and Savings Account Plus – in line with their individual needs in terms of interest or availability of the invested capital. The new offerings also include a children's savings account. 

The Cembra savings accounts stand out with their advantageous interest rates as well as a customer-focused, transparent and flexible handling. Furthermore, they come with no-fee conditions and deposit protection. Account opening is digital – simple and only takes a few minutes. With the Cembra mySavings online access, customers can view their savings, annual interest and tax documents at any time. Correspondence with customer service is also fully digital. 

In addition to the savings accounts, Cembra's investment portfolio includes the popular medium-term notes with guaranteed interest income, with which the Bank has been successfully represented on the market for many years. These can also be bought digitally and managed via Cembra mySavings.

Holger Laubenthal, CEO of Cembra: "Our digital savings offerings are intuitive, easy and attractive. We make it more convenient for our customers to manage their finances so they can seamlessly integrate them into their everyday lives. The new products complement our range of financing solutions and services and enable us to reach new customer groups." 

For its digital savings products, Cembra uses technology modules from the open banking platform Finstar which belongs to Hypothekarbank Lenzburg. As part of the cooperation, Hypothekarbank Lenzburg also supports Cembra with services in payment transactions and customer service. 

More information available at: cembra.ch/savings

About Cembra
Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, invoice financing, and deposits and savings products.

We have over 1 million customers in Switzerland and employ about 1,000 people from more than 40 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as through our credit card partners, independent intermediaries and car dealers.

We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is a constituent of the MSCI ESG Leaders Indexes as well as in the 2023 Bloomberg Gender-Equality Index.