Letztes Update: 28. September 2023
You had to wait a long time for it in Switzerland, but now it’s here: the Swissquote* savings plan. It’s not quite comparable to the savings plan with a German broker (yet), but we’ll still take an in-depth look at the new Swissquote Recurring feature in this post. Includes step-by-step instructions on how to easily create a savings plan at Swissquote.
Swissquote Savings Plan Requirements
In order to set up a savings plan with Swissquote, you must have a custody account with Swissquote. You can read how to open one in my article “Swissquote Depoteröffnung + CHF 100 Gutscheincode”.
And of course, you also need money in your Swissquote account so that the savings plan can then be executed. The easiest way to do this is to create a standing order from your salary account to your personal IBAN from Swissquote, which you will receive after opening the account.
Swissquote Savings Plan Setup
Simply log in to Swissquote in the browser – unfortunately, no savings plans can be set up with the app at the moment. Search for your security in the top right corner of the eTrading environment. I went through the example with the SLI ETF from iShares. Of course, this is not an investment recommendation. So you enter either the symbol or the ISIN. In our case CSSLI or CH0031768937.
Now click on the orange “Trade” and the order mask will open.
First, select “Recurring” under “Order type” and enter the maximum amount you want to invest recurring. The “estimated quantity” is then filled in automatically. Likewise, the estimated total amount incl. Fees. The amount of the fees is shown transparently. Finally, you set the frequency and the start date. The choices are:
- Weekly
- Every 2 weeks
- Monthly
Click on “Create order” and you have already set up your Swissquote savings plan. A disclaimer will appear, which you must read and accept. Finally, a confirmation will appear that the savings plan has been successfully set up.
Swissquote Savings Plan Execution
Orders are placed 30 minutes after the opening of the market on the respective execution day. If an execution day falls on a non-trading day, such as a Saturday or Sunday, the order will be placed on the following trading day.
Once the available amount is too small to execute the savings plan, this execution is suspended. However, the savings plan remains in place and the next time it is executed, the system looks to see if there is now enough money to execute it.
If several clients buy the same ETF, Swissquote can combine the orders. This can lead to a reduction in execution costs, which Swissquote can pass on to you. When setting up the savings plan, you will always be shown the maximum fee. In the stock exchange statement you will then see for each savings plan execution how much you have effectively paid.
The same fees apply for savings plans as for manual execution. Here you can find the update on Swissquote rates.
Delete and modify Swissquote savings plan
You can change or delete an already set up savings plan in the eTrading environment under “Recurring orders”. To do this, click on the pen or the bucket. There you will also see all the details, such as the interval, the next execution date, etc.
Advantages Swissquote Recurring
- Less effort
- Automation tempts less to market timing
Disadvantages Swissquote Recurring
- only whole pieces purchasable
- Fees not lower than for manual execution
- At the moment, the selection of shares and ETFs eligible for savings plans is still very limited.
There are currently around 70 ETFs available. You can find the sheet with the selectable ETFs in the eTrading environment.
To easily check if your desired security is available, you can look in the order mask to see if the option “Recurring” appears under “Order type”.
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Transparency and disclaimer
I was not paid by anyone for this blog post, it reflects my subjective opinion.
If you open accounts or business relationships, order products or services through my links and codes, I may receive a commission for doing so. However, you will not suffer any disadvantages such as higher prices or the like. The terms and conditions of the respective providers apply. Affiliate links are marked with a *.
Investments are associated with risks which, in the worst case, can lead to the loss of the capital invested.
All publications, i.e. reports, presentations, notices as well as contributions to blogs on this website (“Publications”) are for information purposes only and do not constitute a trading recommendation with regard to the purchase or sale of securities. The publications merely reflect my opinion. Despite careful research, I do not guarantee the accuracy, completeness and timeliness of the information contained in the publications.