The short answer: very safe. The long answer: your money is invested by Yuh in securities and – in contrast to pension savings held on an ordinary bank account – securities are classified as segregated assets. These assets are protected in the event of bankruptcy, and do not form part of the estate in bankruptcy. To cut a long story short, if the financial institution goes bankrupt, your cash is fully protected.

This is also one of the reasons why we invest in bonds rather than holding cash, as much stronger protection is available for securities than for pure cash deposits at a bank.

Did you also know that cash deposits held in conventional pillar 3a accounts (i.e. pure banking solutions without securities) do not qualify as segregated assets and hence do not benefit from this deposit protection? This means that, if the bank were to become bankrupt, pension savings would not be paid out very quickly, but rather – if at all – only after a liquidation process lasting for years. However, under bankruptcy law, any deposits of up to 100’000 CHF are privileged. This means that these claims are paid out in advance of other creditors.

Every new transfer is music to our ears! We’ll help you call a taxi to bring your existing Pillar 3a over to Yuh in the wink of an eye. First, make sure your Yuh account is up and running. Open your Yuh app and go to Save > Yuh 3a > Overview > Help me to… > Make a transfer in request > Transfer in from another 3rd pillar. And boom! From here you can download a pre-filled form with your account details to send to your current 3a provider.

If your registration with Yuh 3a was successful, you can transfer money in your Yuh app under “Add money.” Do you want to transfer money from an external account? In this case, you will find the details in the same place in your Yuh account.