Compare Swiss Pillar 3a savings accounts and investment funds side by side
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Choosing between a 3a savings account and an investment fund is one of the most important decisions for your Swiss retirement planning. Savings accounts offer guaranteed returns with zero risk, while investment funds provide growth potential but with market volatility. This tool helps you compare both types to find what matches your risk tolerance and time horizon.
Use our comparison tool to evaluate products side by side. Look at interest rates for savings accounts, TER and performance for funds, and consider early withdrawal options that might be important for your situation.
Not sure which type is right for you? Start with our best Pillar 3a products ranking, or explore all Pillar 3a product reviews for detailed analysis.
Savings accounts guarantee your capital and pay a fixed interest rate, typically around 0.5-1% in the current environment. Investment funds can potentially earn 4-8% annually over the long term but carry market risk. If you're 10+ years from retirement, funds often make sense. Closer to retirement, a savings account provides security.
For 3a savings accounts, the interest rate is your primary return. Compare rates carefully, as even small differences compound significantly over decades. Note that rates can change, so also consider the provider's historical rate stability.
The TER represents the annual cost of holding an investment fund. Lower is better. Passive/index funds typically have TERs of 0.1-0.5%, while active funds can charge 0.8-1.5%. Over 30 years, a 1% higher TER can reduce your final savings by 20-30%.
Past performance doesn't guarantee future results, but it indicates how a fund has navigated different market conditions. Compare 3-year and 5-year returns, not just 1-year. Also consider performance relative to the fund's stock allocation.
Swiss law allows early 3a withdrawals for specific reasons: buying property, starting self-employment, emigrating, or disability/death. Some providers offer more flexibility than others. If you anticipate needing access, check which options each product supports.
Yes. Many Swiss residents split their 3a contributions between a safe savings account and growth-oriented investment fund. This balanced approach provides both security and growth potential. You can contribute to up to 5 separate 3a accounts total.
It depends on your time horizon and risk tolerance. If you're 15+ years from retirement and comfortable with market fluctuations, investment funds historically provide better returns. If you're close to retirement or prefer guaranteed returns, savings accounts are safer. Many people use both.
For employees with a pension fund (2nd pillar), the maximum is CHF 7,258 per year. Self-employed without a pension fund can contribute up to 20% of net income, maximum CHF 35,288. These amounts are fully tax-deductible.
You can transfer your 3a balance to a different provider at any time without tax consequences. However, some providers charge transfer fees. Investment funds may also have exit fees. Always check the terms before switching.
Learn more about Swiss retirement planning from these official sources: