A vacuum three-position switch with a rapid earth switch overcomes the defects that in the prior art, an existing switch is complex in structure, large in size, high in cost, incomplete in function and poor in safety. The vacuum three-position switch with the rapid earth switch is characterized in that a rapid earth switch electric conductor is arranged in a central hole of an upper cover plate which is welded to the top end of an upper insulating cylinder, an isolation electric conductor is welded between the upper insulating cylinder and a middle insulating cylinder, an outgoing line electric conductor is welded to the middle insulating cylinder and a lower insulating cylinder through an annular connecting body of the outgoing line electric conductor, a movable electric conductor which is fixedly connected with an insulating pull rod is arranged in a hollow guide sleeve welded to the upper side of a central hole of a lower cover plate, and the axis of the rapid earth switch electric conductor, the axis of the insulating electric conductor, the axis of the movable electric conductor, the axis of the outgoing line electric conductor, the axis of an earth electric conductor, the axis of the upper insulating cylinder, the axis of the middle insulating cylinder and the axis of the lower insulating cylinder are in the same line. The vacuum three-position switch with the rapid earth switch has the advantages that due to the fact that the movable electric conductor moves perpendicularly, a crank is omitted, the concentricity of the movable electric conductor, the insulating electric conductor and the earth electric conductor can be easily guaranteed, the machining difficulty of the guide sleeve is lowered, and the vacuum three-position switch with the rapid earth switch is simple in structure, small in size, low in cost, complete in function and high in safety.