BCGE Epargne Logement account
The Epargne Logement account enables you to save with a view to acquiring your main residence at a very competitive interest rate and to benefit from aid from the State of Geneva.
The best financial conditions to become a property ownerThanks to the épargne logement account and to the State of Geneva, you can constitute an initial savings balance at a very attractive rate. In this way you will obtain the best financial conditions for mortgage.
The State of Geneva opens a bonus account with the State Treasury in the name of each épargne logement account holder. Each year, over a maximum period of 10 years, the account is credited with a sum which is equal to the interest on the capital saved, but with a maximum of:
The role of the State of Geneva
- the credit of a sum equal to that of the interest on the capital saved
- but with a maximum of
- CHF 600/year if the holder is a minor
- CHF 1,200/year if the holder has reached the age of majority
No notice is required for the purchase of a main residence, in accordance with the conditions laid down by law. Withdrawals for any other reason require 6 months' notice. So that the State bonuses can be paid, withdrawal can only be made 3 years after the opening of the account, this being the earliest when the interest credited to the account totals CHF 1,000.
- Only one account per person
- The account holder must live in the canton of Geneva
- Each member of the same family may open an account, as long as each applicant actually lives in the family home (art. 13, article B, Act dated 26.09.1969)
- The holder implicitly authorises the BCGE to provide the State of Geneva with the necessary information so that it can validate the principle and the proportion of his/her entitlement to the benefits under the act