SARON mortgage conditions
Interest rate: market-oriented
Term: unlimited
Interest risk: daily interest rate fluctuations are possible
Termination: the notice period is 13 months, but a product change is possible within 10 days
Tip: So that you as a customer do not have to pay interest on a daily basis, we offer interest settlement periods of three months. To determine the interest rate payable at the end of an accounting period, SIX Group Ltd (SIX) offers the Compounded SARON reference interest rate. This interest rate is calculated for a period from the average of the daily compounded SARON rates. The SARON is publicly accessible, transparent and meets the requirements of international benchmark standards. It is calculated and published by SIX.
