Real Yield Calculator

Calculate what you actually earn after taxes and inflation.

Gross Yield (%)Before taxes & fees

Tax Rate (%)On interest income

Inflation (%)Annual HICP rate

Fees (%)TER or annual fees

Net Yield

3.00%

After fees

After Tax

2.16%

After tax

Real Yield

-0.34%

After tax & inflation

❌This investment loses to inflation

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.

Real yield = what matters.

It tells you if your money is growing, shrinking, or staying flat.

Spanish Savings Account (3.00%)

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)

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