The system with rental deposit insurance corresponds in principle to a small loan with a nominal interest rate of around 4 percent, but unlike a small loan with zero risk for the insurance.
Now you can say 4 percent is quite cheap compared to a small loan, but if you are solvent enough, it is still not worth it because it is higher than the comparable risk-free savings interest rate.
Hobby-Nerd ohne wirtschaftliche Abhängigkeiten zur Swisscom
The rental deposit insurance thing is rather bad advice.
You move into an apartment:
1. Once into a blocked account CHF 4000.00
2. Every year CHF 160.00 to an insurance company
You move out (without a claim):
1. From that blocked account you will receive the CHF 4,000.00 (possibly plus interest depending on the bank).
2. No payout
You move out (including damage)
1. Depending on the amount, you will receive a partial amount from the blocked account (in the event of a loss: CHF 3,600.00) or you will have to pay a little more (in the event of a loss: CHF 4,400.00).
2. The landlord receives the money from the insurance company and the insurance company then invoices you for the entire Betrag (in this example CHF 3600.00 or CHF 4400.00)
In the event of moving out after 25 years and a claim of CHF 3,600.00 with a rental deposit of CHF 4,000.00:
1. Deposit into blocked account CHF 4000.00 and withdrawal CHF 400.00
2. Transferred CHF 4,000.00 to the insurance company and then transferred another CHF 3,600.00.
That means in the specific example. After 25 years you have either paid CHF 4,000.00 into a blocked account or CHF 4,000.00 to an insurance company. Only the money in the blocked account is still available.
Glotzologist
