IIRC it was max 50K. I wanted it concentrated in one bank - less to keep track of
I have a nest egg︀ with some capital so if one jurisdiction needed it to be closer to 500K I︁ could consider it as long as I could invest it. I'm still trying to work︂ on the investment side of my plan and figure out how to navigate withholding taxes,︃ how much I need for cash flow (dividends, bonds) and how much would be better︄ in stocks I could later sell for cap gains....all of these things are factors and︅ beyond the scope of this thread but that's what's going thru my head.
My strategy︆ was to pick 2 or 3 solid jurisdictions that I'm not a citizen or resident︇ of (e.g. SIngapore, Switzerland, US, Channel Islands) - a la 5 flags strategy.
I wanted︈ to balance risk of bail-ins, frozen accts vs costs/issues associated with having too many accounts︉
OK I read your post...
Do Swiss private banks have access︌ to bond markets with yields that are worth investing in? US 6,12 months are paying︍ close to 5% which would probably be OK but European markets pay max 3.5% (excluding︎ Balkans, EE). UK is up to 4% so that's an option but GBP was a️ bit scary earlier this year.
There seems to be a divide between N.A. and Europe for many things -e.g. getting professional credentials from outside the EU recognized inside the EU so I wonder if it works that way for what is offered by banks in terms of investments.
