Pillar 3a
3a bank (account or fund)
More flexible and cheaper than insurance — ideal for most workers.
Bank pillar 3a comes in two flavours: savings account (modest fixed rate, 100% capital guaranteed) or 3a fund (stocks/bonds, higher long-term yield but volatile). Digital neo-3a (Viac, Frankly, Selma) revolutionised the market with fees below 0.5%.
Neo-3a fees < 0.5%
vs 1-1.5% at traditional banks.
100% mobile
Open in 5 minutes, manage via app.
FAQ
- Account or fund 3a?
- Account for short horizon. Fund for long-term (>10 yr) — historically 4-6% p.a. vs 0.5-1% for accounts.
- How many 3a accounts to open?
- 3 to 5 across different banks — staggered withdrawals minimise withdrawal tax.