So the average "Jewish" account was worth about £35,000. Still not an insignificant sum. Were these accounts interest-bearing? If they were not, their purchasing power value would have been 10 times greater when the deposits were made. In general I'm sympathetic toward the Swiss, but the truth still needs to come out.
"So the average "Jewish" account was worth about £35,000. Still not an insignificant sum. Were these accounts interest-bearing? If they were not, their purchasing power value would have been 10 times greater when the deposits were made. In general I'm sympathetic toward the Swiss, but the truth still needs to come out." To the best of my knowledge, Swiss bank deposits (similar to our savings accounts) earn a very nominal rate of interest, and fees reduce that amount to almost nothing. The reason for a Swiss bank account by non-Swiss is the same as putting it under you mattress, except that the Gestapo can find it in your mattress.
Bank secrecy is the reason for these deposits, not growth of principal.
I agree that the truth needs to come out. It appears that the truth is that the Swiss were smeared.