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Old 08.10.2012, 21:30
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3a account - which bank?

Hello!

Comparis.ch shows several banks with 3a account interest rates of 2% or higher. I never had any experience with these banks. Is there any reason not to go with any of these banks rather than the big names (with low interest rates)? How easy is it to transfer the account to another bank if they lower the interest rate, and are there usually any fees to do so? Thanks for any info!
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Old 08.10.2012, 22:57
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Re: 3a account - which bank?

i recommend postfinance.
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Old 08.10.2012, 23:21
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Re: 3a account - which bank?

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i recommend postfinance.
1.75% at Postfinance vs maximum 2.25% on comparis. What makes Postfinance better? (other than probably easier account opening)
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Old 08.10.2012, 23:50
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Re: 3a account - which bank?

Credit Suisse, I shall PM you the account details though
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Old 09.10.2012, 10:51
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Re: 3a account - which bank?

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1.75% at Postfinance vs maximum 2.25% on comparis. What makes Postfinance better? (other than probably easier account opening)
You can use postfinance 3A to invest in two funds (25 and 45) and that way you can earn more than 2.25% definitely..
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Old 09.10.2012, 11:15
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Re: 3a account - which bank?

Personally, I prefer the funds that UBS and CS offer. If the investment is for more then 10 years then I feel at least 50% should go into stocks. I have 3 accounts myself so I wont get taxed on everything at once when withdrawal day comes.
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Old 09.10.2012, 11:52
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Re: 3a account - which bank?

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Personally, I prefer the funds that UBS and CS offer. If the investment is for more then 10 years then I feel at least 50% should go into stocks. I have 3 accounts myself so I wont get taxed on everything at once when withdrawal day comes.
But does that mean you need to take out everything in lumpsum when the day comes or you can decide to take out partially every year?
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Old 10.10.2012, 17:27
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Re: 3a account - which bank?

As I understand it, if its all in one account, Yes!

You may want to go here for advice:
http://www.vermoegenszentrum.ch/Indi...ement-planning

The VZ also has a listing here:
http://www.vermoegenszentrum.ch/Priv...schriftendepot

Also KGeld has a listing here:
http://www.kgeld.ch/themen/beitrag/1....%20S%C3%A4ule
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Old 12.10.2012, 12:47
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Re: 3a account - which bank?

This might be interesting!
http://www.vermoegenszentrum.ch/Publ...1012d#Absatz_1
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Old 05.04.2015, 11:26
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Re: 3a account - which bank?

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Personally, I prefer the funds that UBS and CS offer. If the investment is for more then 10 years then I feel at least 50% should go into stocks. I have 3 accounts myself so I wont get taxed on everything at once when withdrawal day comes.
Update: UBS closed my fund account last year, due to my being American. All funds where transfered into a normal 3a policy. My CS fund account is still open though.
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Old 08.04.2015, 23:22
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Re: 3a account - which bank?

At present Credit Suisse and Raiffeisen are the two banks offering high equity (50% for CS and 65% for R) and lower than others TER, both under 1%p.a.

To keep cash in a normal savings/pension account only means losing over time. If you are on the market for a house or other reason to withdraw in the coming 5-10 years (leaving Switzerland, for example) - you better stick to the investment 3a Accounts. If you are to buy in and hold till retirement 10years or more away - go on the open market with diversified investment, you will be far better off. Read this section and pay attention to the posts of fatmanfilms - personally have learned a great deal from his tips and am very happy how the family finances are shaping out.

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Old 09.04.2015, 10:30
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Re: 3a account - which bank?

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To keep cash in a normal savings/pension account only means losing over time.
Unless you stay here for only 1 year more, which makes it too short for any fund "balancing out over time", and the fees would probably eat out whatever you might earn.
At UBS they amount to cca 3.5%/year.

I am in that situation, so I need to justify to myself why not starting an investment into a fund here.

Does anyone have an idea on the amount of taxation when withdrawing money from 3a at leaving the country? (in Basel-Stadt canton)

Last edited by dbucar; 09.04.2015 at 12:06.
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Old 09.04.2015, 11:22
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Re: 3a account - which bank?

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At present Credit Suisse and Raiffeisen are the two banks offering high equity (50% for CS and 65% for R) and lower than others TER, both under 1%p.a.

To keep cash in a normal savings/pension account only means losing over time. If you are on the market for a house or other reason to withdraw in the coming 5-10 years (leaving Switzerland, for example) - you better stick to the investment 3a Accounts. If you are to buy in and hold till retirement 10years or more away - go on the open market with diversified investment, you will be far better off. Read this section and pay attention to the posts of fatmanfilms - personally have learned a great deal from his tips and am very happy how the family finances are shaping out.

CS and Raiffeisen are not the only ones......CS Asset management have a high equity, low TER index fund, but it is re-sold by multiple banks
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Old 09.04.2015, 11:38
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Re: 3a account - which bank?

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CS and Raiffeisen are not the only ones......CS Asset management have a high equity, low TER index fund, but it is re-sold by multiple banks
& Still manage to under perform the index they are almost tracking year after year, so don't add any value at all.
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Old 09.04.2015, 14:11
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Re: 3a account - which bank?

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& Still manage to under perform the index they are almost tracking year after year, so don't add any value at all.
Which index are they tracking? Their justification at the lower TER is that they invest in mainly indexed funds, but don't say with which strategy.

I amortise a mortgage via pillar 3, so would prefer a fund like this over a cash one paying crappy interest, so I believe it does add value. (having said that, I don't personally invest in this CS one, but believe it does represent value if someone is looking for a pillar 3 fund)
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Old 02.06.2015, 23:40
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Re: 3a account - which bank?

Bumping this as a newbie to the wonderworld of pillar 3. I understand that the amount per year cannot exceed some 6.7k, but can you spread this amount across multiple institutions? e.g. a little pot in CS, another in PostFinance, a fund in UBS etc?
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Old 03.06.2015, 01:33
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Re: 3a account - which bank?

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Bumping this as a newbie to the wonderworld of pillar 3. I understand that the amount per year cannot exceed some 6.7k, but can you spread this amount across multiple institutions? e.g. a little pot in CS, another in PostFinance, a fund in UBS etc?
Yes
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Old 03.06.2015, 08:31
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Re: 3a account - which bank?

Thanks!
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Old 03.06.2015, 09:21
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Re: 3a account - which bank?

Is it really worth "spreading around" for such a small amount of money with such low interest rates ?
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Old 03.06.2015, 09:56
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Re: 3a account - which bank?

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Is it really worth "spreading around" for such a small amount of money with such low interest rates ?
It can be. When you withdraw the funds (and they all have to be withdrawn by the time you retire) you will pay tax on the amount withdrawn. The tax is at a special rate, but starts going up more steeply above 50k CHF (about 7 years contributions). It's therefore worth opening up new 3a accounts each time you get to about 50k and to plan on closing them one per year in the years leading up to retirement.
Your 3a accounts can be in the same or in different banks.
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