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Real Yield Calculator

Calculate what you actually earn after taxes and inflation. See if your investments beat inflation and preserve your purchasing power.

Results

Net Yield
3.00%
After fees
After Tax
2.16%
After tax
Real Yield
-0.34%
After tax & inflation
❌This investment loses to inflation

How is real yield calculated?

Step 1: Subtract fees from gross yield

Step 2: Apply tax to net yield

Step 3: Subtract inflation from after-tax yield

Why Real Yield Matters

Most banks advertise gross yields, but that's not what you actually earn. Taxes take a significant cut (19-33% in most EU countries), and inflation erodes what's left.

For example: a 3% savings account in Portugal (28% tax, 2.5% inflation) gives you only 0.66% real yield - barely keeping pace with inflation. Meanwhile, a 2.5% account in Germany (26.375% tax, 2.3% inflation) gives you -0.46% real yield - you're actually losing money in purchasing power terms.

Real yield = what matters. It tells you if your money is growing, shrinking, or staying flat in terms of actual purchasing power.

Common Scenarios

🇪🇸 Spanish Savings Account (3.00%)
Tax 19%, Inflation 2.5%, Fees 0% → Real Yield: +0.93% (Beats inflation)
🇩🇪 German Money Market ETF (2.00%)
Tax 26.375%, Inflation 2.3%, Fees 0.10% → Real Yield: -0.91% (Loses to inflation)
🇵🇹 Portuguese Gov Bonds (4.00%)
Tax 28%, Inflation 2.5%, Fees 0% → Real Yield: +0.38% (Beats inflation)

Ready to Compare Actual Products?

See live real yields for hundreds of European savings accounts, bonds, and funds.

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