Pillar 3a: account vs. fund


A retirement savings account allows for tax-privileged saving. With a retirement savings account, the money is deposited in an interest account or a funds account and partially invested in securities (shares, funds, bonds).

Summary table

Interest account Funds account
Fees
  • None
  • Purchase/sale of fund shares
Closing of account
  • According to legal provisions
  • According to legal provisions
Changing providers
  • The savings can be transferred to
    another provider at any time
  • First, fund shares have to be sold (with profit or loss)
  • Then the money can be transferred to another provider
Risk
  • No risk of loss
  • Interest yield not known in advance
  • Risk of loss
Interest yield
  • Fixed interest yield; can be changed any time
  • Limited yield potential based on interest on retirement savings
  • Fluctuating interest yield
  • Greater yield potential
Payment
  • Full amount of sum paid in is credited to account
  • Only part of sum paid in is credited to account
  • Certain percentage is used to purchase fund shares