The key interest rate of the Swiss National Bank (SNB) has been reduced by 0.5 percentage points to 0.5 percent.

This decision, made by the new President Martin Schlegel, is expected to directly affect savers, who may experience further decreases in savings interest rates across different banks.

Yuh and Zuger Kantonalbank have already started to lower their interest rates following the SNB's announcement.

Experts, including Benjamin Manz from the Moneyland comparison service, anticipate that this trend will continue, as banks often use SNB rate cuts as a reason to reduce their own savings interest rates.

Savers are preparing for a less favorable environment as the financial landscape adjusts in response to the central bank's decision.