Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun http://www.zerohedge.com/news/2015-04-25/war-cash-migrates-switzerland
The real rate of return on Swiss bank accounts held in francs for money deposited before the peg to the Euro was dropped is positive. The franc jumped 30% when the peg to the Euro was dropped. Considering the present ECB policy, further price deflation in Switzerland is anticipated. This will result in a positive real return on new deposits into Swiss accounts. Pension fund managers know this.