Savings Account, Funds, or Insurance? Comparing the 3a Options in Detail

Pillar 3a offers several ways to build your retirement assets. The right solution for you depends on your risk tolerance, investment horizon, and personal goals. Here we present the three main options.

A detailed comparison helps you find the solution that best matches your risk profile.

1. Pillar 3a Savings / Retirement Account

The classic 3a retirement account is the simplest and safest form of private retirement savings. Your balance earns interest at a fixed or variable rate, and there is no risk of market fluctuations. The advantages are predictability and security, although returns are usually lower than investment-based solutions in the current interest rate environment.
→ Ideal for: Safety-conscious savers and those with a short investment horizon (less than 5 years).

2. Pillar 3a Securities / Fund or ETF Solution

High potential returns and modern: In this option, your money is invested in funds, stocks, or ETFs. This allows you to benefit from long-term market developments – with higher return potential but also some fluctuations. Many modern providers also offer sustainable (ESG) strategies and flexible adjustments to the equity portion.
→ Ideal for: Long-term investors (more than 5–10 years) focusing on asset growth and willing to accept market volatility.

3. Pillar 3a Insurance Policy

The retirement insurance combines a savings plan with risk coverage in one product. In addition to building retirement capital, it offers protection in case of death, disability, or inability to work. Because part of the premium goes to insurance coverage, returns are often slightly lower than pure bank solutions. In return, you get a comprehensive package of security and retirement planning.
→ Ideal for: People who want to financially protect their family or partner while saving long-term. Compare Pillar 3a now