15. CASH AND CASH EQUIVALENTS
| CHF million | 2014 | 2013 |
|---|---|---|
| Cash at bank and in hand | 171.1 | 614.4 |
| Short-term bank deposits | 0.7 | 5.0 |
| Total | 171.8 | 619.4 |
The effective interest rate on short-term bank deposits reflects the average interest rate of the money market as well as the development of the currencies invested with an original maturity period of up to three months.