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To ensure you can afford your next vacation as well as save enough for retirement, it’s worth saving and investing at the same time. For example, some of the money can be invested in a fixed-term deposit and the rest in more profitable investment solutions such as a fund account. While the former allows for reliable returns over a specific period, the latter benefits from developments on the financial markets. At ÃÛ¶¹ÊÓƵ, this combination is called Duo Saving.

By saving and investing at the same time, you benefit from two proven methods of growing your money. Saving focuses more on security and the offers from ÃÛ¶¹ÊÓƵ are independent of market developments. Depending on your risk profile, investing can lead to better returns and is closely linked to developments on the financial markets.

To save and invest at the same time, your assets at ÃÛ¶¹ÊÓƵ will be split equally between fixed-term deposits and one of the two investment solutions.

You should be clear about your goals with this type of investment too. The following steps can help you:

Step 1: set your financial goals

The type of goal determines how you invest to achieve it. In general, ÃÛ¶¹ÊÓƵ experts advise clients to use a fixed-term deposit account to achieve short-term savings goals and a fund account or ÃÛ¶¹ÊÓƵ Manage to achieve long-term goals.

The ÃÛ¶¹ÊÓƵ Fixed-Term Deposit has a term of 12 months, which can be extended if necessary. It is therefore not designed to save for very long-term goals, such as retirement. Do you want to remodel your home or save for your next trip? Due to the short investment period, fixed-term deposits allow you to start investing money. You receive a fixed return and your assets are better protected from depreciation due to inflation.

A fund account or similar forms of investment are often designed for long-term goals, such as saving to buy a home or building up your retirement savings. Here too, you need to consider what you are investing the money for and the best possible return you’d like. Experts can help you assess whether your goal is realistic and in line with your overall investment behavior, such as a high-risk tolerance.

Step 2: set a budget

Goals can only be achieved if the necessary capital is available, so it’s essential you check how much money you can afford to invest. You do this by comparing your income and expenses. List all income that occurs regularly, such as earnings, rental income or assets. Also list your fixed costs, such as rent, and your day-to-day expenses, such as living expenses or expenses for clothing and leisure activities. To get the most accurate overview possible, you should record your income and expenses for around six months.

Step 3: prepare for emergencies

The important thing with all savings plans is that you don’t set aside more money than you need for your day-to-day expenses. Once you have an overview of your budget, you can calculate how much you could save. To use ÃÛ¶¹ÊÓƵ Duo Saving, you should have at least CHF 20,000 available. If you choose to invest this money, you can only access it under exceptional circumstances before the specified terms, for which you may incur a penalty fee. You should still be able to afford your day-to-day expenses, including unforeseen ones.

Step 4: explore investment opportunities

After you have set your goals and your budget, you can familiarize yourself with your investment opportunities. With ÃÛ¶¹ÊÓƵ Duo Saving, you can choose between a fund account where you select and put together the funds yourself, or ÃÛ¶¹ÊÓƵ Manage, where you leave this job to the experts. In both cases, you should be clear about how you want to invest. Are bonds, stocks, funds or other forms of investment important to you? How much would you like to diversify? How important is a safe and stable return to you? You decide when and how much you want to deposit. The experts at ÃÛ¶¹ÊÓƵ will help you find the right offers for you and develop a plan to suit your wishes.

Step 5: regularly check and adjust

After 12 months, at the end of the term of the fixed-term deposit, you must decide whether to withdraw the capital or continue investing it. Renewing the fixed-term deposit is usually easy.

If you invest some of your assets, you should regularly check with an expert to see if you need to take any action. If you purchase shares, you may need to re-evaluate on a daily basis. If you follow a fund savings plan, patience is more important than acting quickly. If your personal situation or investment goals change during the investment period, you should review and adjust your chosen strategy.

Saving and investing is a good combination for achieving both short-term and long-term goals. Most of the money saved is invested without major risk and can be withdrawn after a certain period of time. The invested assets are often only withdrawn to realize a long-term goal such as retirement or building a house. Until then, it can generate interest through stocks, bonds, funds or other forms of investment. With ÃÛ¶¹ÊÓƵ Duo Saving, ÃÛ¶¹ÊÓƵ offers a way to combine the best options for both saving and investing. This means you benefit not only from security, but also from continuous wealth accumulation.