The market survey shows clear differences between the various banks. Some vested pension accounts no longer earn any interest at all. Other Swiss banks, however, pay up to 1 percent interest on 3a savings accounts, according to a statement on Thursday.

According to official figures, around two-thirds of the total 3a assets of people in Switzerland are held in bank accounts. The Moneyland analysis takes 93 providers into account.

Wide Range Among Providers

The wide variation among the different providers is striking, according to a statement on Thursday. The highest interest rate, at 1 percent, is paid by the Romandy-based Caisse d'Epargne d'Aubonne. In second place is Cornèr Banca with 0.7 percent interest. It is followed by Crédit Agricole Next Bank, Hypo Vorarlberg Bank, Pilla and Tellco, each with 0.65 percent.

For most providers, interest rates are much lower: 68 of the 93 providers examined pay interest of no more than 0.2 percent. Another two providers offer no interest credits at all.

Larger Banks with Lower Interest Rates

The picture is also notable among ten large and well-known Swiss banks. For the six supraregional Swiss banks with branches and the four largest cantonal banks, the average interest rate is 0.14 percent. Among these banks, Bank Cler, Migros Bank, Raiffeisen and Valiant pay the highest interest on Pillar 3a accounts, at 0.2 percent each.

The laggards are Postfinance and Banque Cantonale Vaudoise, with 0.05 percent each.

“The differences are really very large,” says Ralf Beyeler, money expert at moneyland.ch. “As retirement accounts usually hold larger sums, a switch should be considered. Those who switch now will have more money available in retirement.”

In October, the unweighted interest rate on Swiss Pillar 3a accounts stood at an average of just 0.21 percent. In November 2025, it was still 0.27 percent, and in January 2025 it was as high as 0.61 percent, the report added.

Since June 2025, the SNB policy rate has stood at 0 percent.

Compound Interest Effect is Often Underestimated

Many savers underestimate the compound interest effect. Over a long term, securities solutions in Pillar 3a would also offer a significantly better return. However, the decisive factor here is stock market performance, and such pension solutions are not suitable for all savers because of their susceptibility to fluctuations.