Comparison of interest rates for Pillar 3a apps
The third pillar is particularly suitable for long-term capital accumulation. If you do not want to invest in securities in your Pillar 3a, you should pay particular attention to the interest rates and the creditworthiness of the account-holding bank.
Pillar 3a is an important pillar of retirement planning in Switzerland, allowing you to save for your retirement age with tax benefits. A convenient solution for the 3rd pillar is offered by the various Pillar 3a apps, which feature fully digital account opening and management. One of the most important decisions is choosing the right provider.
The interest rate on your Pillar 3a balance plays a decisive role in your future financial situation. Even small differences in interest rates can have a significant impact on your saved capital over time via the compound interest effect. A careful comparison of interest rates is therefore essential to get the most out of your retirement savings.
Interest rates on pillar 3a assets vary widely depending on the provider. If you want to maximize the return on your Pillar 3a assets, it pays to compare interest rates carefully.
Currently, True Wealth offers the highest interest rate for third pillar at 1.40%.
What alternatives are there to the fixed-rate Pillar 3a account?
Due to the long investment horizon, the third pillar is also particularly suitable for asset accumulation through investments in securities or an individual mix of cash and securities.
A high proportion of equities offers the best opportunities for returns over the long term, provided that personal risk tolerance permits. True Wealth's 3a solution has the advantage that the securities portion can be continuously adjusted between 0 and 100% and further individual adjustments according to markets, industries and world regions are possible. Based on a short questionnaire, we will propose a customized portfolio.
If you want to invest only partially in equities, real estate stocks and commodities and exclude bonds, you will naturally have a higher cash portion in the portfolio. In this case, it is important to pay attention not only to the interest rate but also to the creditworthiness of the custodion keeping bank, since the credit balance on the Pillar 3a account is not protected by the esisuisse deposit guarantee scheme. The custodian bank of True Wealth's Pillar 3a solution is Basellandschaftliche Kantonalbank, which, unlike Pillar 3a solutions offered by private banks, has a state guarantee.
About the author
Founder and CEO of True Wealth. After graduating from the Swiss Federal Institute of Technology (ETH) as a physicist, Felix first spent several years in Swiss industry and then four years with a major reinsurance company in portfolio management and risk modeling.
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