In English: http://www.snb.ch/en/iabout/cash/id/cash_circulation http://www.snb.ch/en/iabout/cash/id/cash_circulation Saving cash in the mattress¹ (or buried

In English: http://www.snb.ch/en/iabout/cash/id/cash_circulation http://www.snb.ch/en/iabout/cash/id/cash_circulation Saving cash in the mattress¹ (or buried in the back yard) is not a hedge against inflation. Could it be for tax avoidance reasons? Is Switzerland one of the countries that taxes savings balances? ¹ the joke here is that that's the "First Savings Bank of Sealy Posturpedic", a large mattress maker.