Pillar 2

Swiss Vested Benefits Account Comparison 2024

Find the highest-yield Swiss pillar 2 vested benefits retirement accounts based on interest rates and costs. Compare vested benefits accounts now

The vested benefits account data is checked regularly. The interest data is updated every month. Last update of the interest data: May 3, 2024.


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Specify the amount of pillar 2 assets you will deposit and other necessary information in the first step.


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Vested Benefits Account Questions and Answers

More About the Vested Benefits Comparison

Follow these simple steps to find the best vested benefits savings accounts:

  • Use the free vested benefits account comparison on moneyland.ch to compare all Swiss vested benefits accounts from all major banks.
  • The annual interest rate is the most important factor for choosing a vested benefits account.
  • It is also important to look at possible fees and charges. Fees and charges may apply to early withdrawals (for a home purchase or when you leave Switzerland, for example). Fees may also apply to vested benefits transfers. Fees and charges are clearly shown on the detailed information pages of accounts in the vested benefits account comparison. Avoid vested benefits accounts with high fees regardless of their interest rates.

Find the highest-yield Swiss vested benefits accounts now and optimize your retirement savings.

The vested benefits account comparison on moneyland.ch lets you compare all relevant Swiss vested benefits accounts.

The comparison clearly lists and compares the annual interest rates of each account. It also provides clear breakdowns of fees and charges, for accounts which have these.

A vested benefits account is a savings account for pension fund benefits. In Switzerland you are required to transfer your benefits from your occupational pension funds into vested benefits accounts (or other vested benefits solutions) in these cases:

  • You are between jobs. If you stop working for a Swiss employer and do not move directly to another Swiss employer, your pension fund benefits must be transferred to vested benefits solutions.
  • If you stop working for Swiss employer long-term. Your benefits must remain in a vested benefits account, fund, asset management service or cash-value life insurance policy until you either become employed by a Swiss employer or become eligible to withdraw your benefits.
  • If you leave Switzerland and move to an EU or EFTA member country, the compulsory portion of your occupational pension fund benefits must be placed in a Swiss vested benefits account (or other solution) until you become eligible to withdraw them.
  • If you change or reduce employment and your new salary falls below the minimum salary required to participate in a pension fund. In this case, your existing pension benefits must be placed in a vested benefits solution until you become eligible to participate in an occupational pension fund.
  • If you divorce and split pension benefits. In this case, divorcees who receive benefits from their ex-spouse’s pension fund must place these into vested benefits accounts.

A vested benefits account is similar to an escrow account. The balance of a vested benefits account is held in trust by a vested benefits foundation until certain conditions are met. You have the right (but are not required to) withdraw vested benefits if:

  • You become self-employed (the majority of your income is earned through self-employment as per the social security office).
  • You leave Switzerland. If you move outside of EFTA and the EU, you can withdraw your benefits in full. If you move to an EFTA or EU country, you can only withdraw voluntary benefits built with contributions in excess of compulsory pension fund contributions.
  • Your vested benefits are lower than your required pension fund contributions for one year.
  • You use your vested benefits to buy a primary residence.
  • You become disabled or die.

Vested benefits do not count towards your personal wealth for wealth tax purposes.

Because you do not pay income tax on money contributed to your occupational pension fund(s), you pay a capital withdrawal tax when you withdraw vested benefits. Capital withdrawal taxes vary broadly between cantons, so the amount of tax you have to pay when you withdraw vested benefits depends on which canton you live in.

If you live outside of Switzerland when you withdraw Swiss vested benefits, a withholding tax is deducted from your benefits before they are paid out. Withholding taxes vary broadly between cantons, so the amount of withholding tax deducted depends on the canton in which the vested benefits foundation is located. If Switzerland and the country you live in have a double-taxation agreement which accounts for vested benefits, you can reclaim the Swiss withholding tax because you pay applicable taxes in your country of residence.

The interest rates of Swiss vested benefits accounts change around as frequently as those of Swiss savings accounts. Interest rate adjustments are normally made at the beginning of the month.

moneyland.ch reviews and updates the interest rates used for comparisons at least once a month. In every case the comparison is reviewed and updated at the beginning of each month.

Currently there are no Swiss vested benefits accounts which have negative interest rates.

But there are banks which charge high account fees to maintain your account or high account closure fees when you close your account. If the fees outweigh total interest yields, you will lose money.

Every time a situation arises in which you have to transfer benefits from a pension fund to a vested benefits account (or other solution), you can either transfer all benefits to one vested benefits solution or divide them between two vested benefits solutions from two different vested benefits foundations.

You can find more information about the number of vested benefits you can open here.

Vested benefits accounts have traditionally been free of charge, but banks are increasingly charging account fees. Some service providers charge 36 francs per year for vested benefits accounts. When interest rates are low, the presence of fees can result in vested benefits accounts costing you more than you earn in interest.

You may pay account closure fees depending on why you cash out your account. For example, some financial services providers charge a fee (typically 400 francs) when you cash out a vested benefits account ahead of retirement in order to buy a primary residence. You can find more information about vested benefits accounts here.

The vested benefits account comparison on moneyland.ch accounts for all major Swiss banks and vested benefits foundations:

Aargauische Kantonalbank (AKB)Acrevis BankAEK Bank 1826Alpha RHEINTAL BankAlternative Bank SchweizAppenzeller Kantonalbank (APPKB)Baloise Bank SoBaBancaStatoBank BSU GenossenschaftBank ClerBank EEKBank EKIBank Gantrisch GenossenschaftBank Safra SarasinBank ThalwilBank ZimmerbergBank ZweiplusBasellandschaftliche Kantonalbank (BLKB)Basler Kantonalbank (BKB)BBO Bank Brienz OberhasliBerner Kantonalbank (BEKB)Bezirks-Sparkasse DielsdorfClientis Bank im ThalClientis Bank Küttigen-ErlinsbachClientis Bank LeerauClientis Bank OberaargauClientis Bank ThurClientis Bank ToggenburgClientis Biene Bank im RheintalClientis BS Bank SchaffhausenClientis Caisse d'Epargne CECClientis EB Entlebucher BankClientis Regiobank MännedorfClientis Spar- und Leihkasse ThayngenClientis Sparcassa 1816Clientis Sparkasse OftringenClientis Sparkasse SenseBank AveraCredit SuisseDC Bank Deposito-Cassa der Stadt BernErsparniskasse Rüeggisberg (EKR)Ersparniskasse Schaffhausen, freeMe (Glarner Kantonalbank)Freiburger KantonalbankGenfer Kantonalbank (BCGE)Graubündner Kantonalbank (GKB)GRB Glarner RegionalbankHypothekarbank LenzburgJurassische Kantonalbank (BCJ)Leihkasse Stammheim, LLB (Switzerland)Luzerner Kantonalbank (LUKB)Migros BankNeuenburger Kantonalbank (BCN)Nidwaldner Kantonalbank (NKB)Obwaldner Kantonalbank (OKB), Piguet GallandPostFinanceRaiffeisen SchweizRegiobank SolothurnSchaffhauser Kantonalbank (SHKB)Schwyzer Kantonalbank (SZKB), Sparhafen BankSpar + Leihkasse Gürbetal SLGSpar + Leihkasse MünsingenSpar- und Leihkasse BucheggbergSpar- und Leihkasse FrutigenSparkasse SchwyzSt. Galler Kantonalbank (SGKB), TellcoThurgauer Kantonalbank (TKB)UBSUrner Kantonalbank (URKB)ValiantVorarlberger Landes- und HypothekenbankWaadtländische Kantonalbank (BCV)Walliser Kantonalbank (BCVS)WIR BankZuger KantonalbankZürcher Kantonalbank (ZKB)Zürcher LandbankLiberty Vorsorge.

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