Analiza evropskih naložb s fiksnim donosom — Realni donosi po obdavčitvi vs inflacija
| Vrsta | Ustanova | Bruto donos | Po obdavčitvi | Realni donos | Stanje | Podrobnosti |
|---|---|---|---|---|---|---|
| Varčevalni računi | MyInvestor Super Deposit (1M Premium) ES | 4.00% | 3.24% | -0.36% | Izgubi | 1-month term, €1k-€5k only, requires Premium Plan (€7.99/mo), 4.00% TAE |
| Varčevalni računi | Banco BiG - Gran Depósito (1M) ES | 4.00% | 3.24% | -0.36% | Izgubi | 3.93% TIN (4.00% TAE) for 1 month, new clients, Portuguese Deposit Guarantee Fund, April 2026 |
| Državne obveznice | Bono del Estado 10Y ES | 3.50% | 2.83% | -0.77% | Izgubi | 10-year Spanish government bond, long-term benchmark |
| CLO ETF-ji | Palmer Square EUR CLO Senior (PCLD) EU | 3.65% | 2.75% | -0.85% | Izgubi | TER: 0.25%, passive AAA/AA EUR CLO index tracker. |
| CLO ETF-ji | State Street Blackstone Euro AAA CLO UCITS ETF (ECLO) EU | 3.60% | 2.71% | -0.89% | Izgubi | TER: 0.25%, actively managed AAA EUR CLOs, sub-advised by Blackstone Credit. |
| CLO ETF-ji | Invesco EUR AAA CLO (CLOD) EU | 3.55% | 2.67% | -0.93% | Izgubi | TER: 0.25%, AAA-rated EUR CLOs, floating rate, adjusts with ECB rates. |
| CLO ETF-ji | Invesco EUR AAA CLO Acc (CLOA) EU | 3.55% | 2.67% | -0.93% | Izgubi | TER: 0.25%, AAA-rated EUR CLOs, accumulating, ISIN: IE000Y2JPPS4 |
| CLO ETF-ji | Janus Henderson EUR AAA CLO UCITS ETF EU | 3.55% | 2.67% | -0.93% | Izgubi | TER: 0.25%, Janus Henderson EUR AAA CLO UCITS ETF, floating rate, maximum credit rating. |
| CLO ETF-ji | UBS EUR AAA CLO UCITS ETF (CHSJ) EU | 3.55% | 2.65% | -0.95% | Izgubi | TER: 0.25%, AAA-rated EUR CLO tranches, actively managed by UBS. |
| Varčevalni računi | Banco BiG - Gran Depósito (6M) ES | 3.25% | 2.63% | -0.97% | Izgubi | 3.22% TIN (3.25% TAE) for 6 months, Portuguese Deposit Guarantee Fund, April 2026 |
| CLO ETF-ji | iShares € AAA CLO Active (EUCL) EU | 3.50% | 2.63% | -0.97% | Izgubi | TER: 0.25%, actively managed AAA CLOs by BlackRock. |
| Varčevalni računi | Deutsche Bank Depósito Confianza (12M) ES | 3.00% | 2.43% | -1.17% | Izgubi | 12-month term, €10k-€300k, bonuses for nómina + card |
| Varčevalni računi | Banco BiG - Gran Depósito (3M) ES | 3.00% | 2.43% | -1.17% | Izgubi | 2.97% TIN (3.00% TAE) for 3 months, Portuguese Deposit Guarantee Fund, April 2026 |
| Državne obveznice | Bono del Estado 2Y ES | 2.85% | 2.31% | -1.29% | Izgubi | 2-year Spanish government bond, fixed rate |
| Varčevalni računi | EBN Banco (12M with investment) ES | 2.85% | 2.31% | -1.29% | Izgubi | 12-month term, €10k min, requires investment product |
| Varčevalni računi | Openbank Open 4M (w/ conditions) ES | 2.78% | 2.25% | -1.35% | Izgubi | 4-month term, salary €900+ required, else 1.76% |
| ETF-ji kratkoročnih obveznic | Xtrackers II EUR Corporate Bond 0-1Y EU | 2.90% | 2.25% | -1.35% | Izgubi | TER: 0.12%, YTM ~2.90%, eurozone corporate bonds 0-1Y |
| Državne obveznice | Letras del Tesoro 12M ES | 2.64% | 2.14% | -1.46% | Izgubi | Zero-coupon 12-month Spanish Treasury bill, benchmark asset |
| Varčevalni računi | Renault Bank Tú+ (36M) ES | 2.63% | 2.13% | -1.47% | Izgubi | 36-month term, interests at maturity |
| Varčevalni računi | Volkswagen Bank (12M) ES | 2.55% | 2.07% | -1.53% | Izgubi | 12-month term deposit via Raisin |
| Državne obveznice | Letras del Tesoro 6M ES | 2.54% | 2.06% | -1.54% | Izgubi | Zero-coupon 6-month Spanish Treasury bill, sold at discount |
| ETF-ji kratkoročnih obveznic | Amundi Prime Euro Gov Bonds 0-1Y EU | 2.57% | 2.04% | -1.56% | Izgubi | TER: 0.05%, YTM ~2.45%, ultra-short eurozone government bonds |
| Varčevalni računi | Scalable Capital Savings ES | 2.50% | 2.02% | -1.58% | Izgubi | Variable 2.50% for all customers since Mar 2026, no plan required |
| ETF-ji kratkoročnih obveznic | Vanguard EUR Eurozone Gov Bond 0-1Y EU | 2.57% | 2.02% | -1.58% | Izgubi | TER: 0.07%, ultra-low cost, passive eurozone sovereign 0-1Y |
| ETF-ji kratkoročnih obveznic | iShares € Govt Bond 0-1yr (IEGE) EU | 2.57% | 2.01% | -1.59% | Izgubi | TER: 0.09%, YTM ~2.45%, eurozone sovereign debt 0-1Y duration |
| Varčevalni računi | Trading 212 Flexible Savings ES | 2.40% | 1.94% | -1.66% | Izgubi | UK fintech, investor protection ~€20k, instant access |
| Varčevalni računi | Banca March AVANTIO (12M) ES | 2.30% | 1.86% | -1.74% | Izgubi | 12-month term, €30k-€300k, online via AVANTIO |
| Varčevalni računi | Bunq Easy Savings (Weekly) ES | 2.26% | 1.83% | -1.77% | Izgubi | Weekly compound, higher balances get 2.26%, base 1.51% |
| Varčevalni računi | Trade Republic Cash Account ES | 2.25% | 1.82% | -1.78% | Izgubi | Instant access, pays ECB deposit rate (2.25% since Jun 2026) |
| Varčevalni računi | MyInvestor Deposit (3M Premium) ES | 2.25% | 1.82% | -1.78% | Izgubi | 3-month term, requires Premium Plan (€7.99/mo), up to 2.25% TAE |
| Varčevalni računi | Cetelem Depósito 24M ES | 2.25% | 1.82% | -1.78% | Izgubi | 24-month term, €1-€250k, quarterly interest, BNP Paribas group |
| Varčevalni računi | Banco Santander 12M Term ES | 2.20% | 1.78% | -1.82% | Izgubi | 12-month term deposit, €10k minimum |
| ETF-ji kratkoročnih obveznic | Lyxor EUR 2-10Y Inflation Expectations EU | 2.45% | 1.78% | -1.82% | Izgubi | TER: 0.25%, inflation-linked bonds, hedges inflation risk |
| Varčevalni računi | MyInvestor Remunerated Account (Premium) ES | 2.10% | 1.70% | -1.90% | Izgubi | Requires Premium Plan (€7.99/mo), up to €70k, instant access |
| ETF-ji denarnega trga (MMF) | iShares € Ultrashort Bond (ERNE) EU | 2.19% | 1.70% | -1.90% | Izgubi | TER: 0.09%, distributing, very short duration bonds |
| Varčevalni računi | Cetelem Depósito 12M ES | 2.10% | 1.70% | -1.90% | Izgubi | 12-month term, €1-€250k, quarterly interest, BNP Paribas group |
| ETF-ji denarnega trga (MMF) | Xtrackers EUR Overnight Rate (XEON) EU | 2.19% | 1.69% | -1.91% | Izgubi | TER: 0.10%, tracks €STR, accumulating, liquid daily |
| ETF-ji denarnega trga (MMF) | Amundi Smart Overnight Return (CSH2) EU | 2.19% | 1.69% | -1.91% | Izgubi | TER: 0.10%, accumulating, liquid daily |
| ETF-ji denarnega trga (MMF) | Amundi Prime Euro Liquidity EU | 2.19% | 1.69% | -1.91% | Izgubi | TER: 0.10%, distributing, T+1 liquidity |
| ETF-ji denarnega trga (MMF) | HSBC GIF Euro Liquidity EU | 2.19% | 1.69% | -1.91% | Izgubi | TER: 0.10%, AAA-rated MMF, institutional quality |
| ETF-ji denarnega trga (MMF) | JPMorgan Euro Liquidity Fund EU | 2.19% | 1.68% | -1.92% | Izgubi | TER: 0.11%, government MMF, daily liquidity |
| ETF-ji denarnega trga (MMF) | Invesco Euro Liquidity EU | 2.19% | 1.68% | -1.92% | Izgubi | TER: 0.12%, accumulating, daily liquidity |
| Vzajemni skladi | Amundi Euro Liquidity ES | 2.19% | 1.68% | -1.92% | Izgubi | TER: 0.12%, T+1 liquidity |
| Vzajemni skladi | HSBC Euro Liquidity Fund EU | 2.19% | 1.67% | -1.93% | Izgubi | TER: 0.13%, T+1 liquidity, institutional |
| Varčevalni računi | MyInvestor Super Deposit (1M) ES | 2.05% | 1.66% | -1.94% | Izgubi | 1-month term, €10k-€100k, no conditions, Q2 2026: 2.05% TAE |
| ETF-ji denarnega trga (MMF) | BlackRock ICS Euro Liquidity EU | 2.19% | 1.65% | -1.95% | Izgubi | TER: 0.15%, institutional money market fund |
| ETF-ji denarnega trga (MMF) | Goldman Sachs Euro Liquid Reserves EU | 2.19% | 1.65% | -1.95% | Izgubi | TER: 0.15%, prime MMF, T+1 liquidity, AAA-rated |
| Varčevalni računi | N26 Savings Account ES | 2.00% | 1.62% | -1.98% | Izgubi | Metal plan only (€16.90/mo), instant access |
| Varčevalni računi | N26 Metal Savings ES | 2.00% | 1.62% | -1.98% | Izgubi | Requires Metal plan (€16.90/mo), instant access, ECB-linked |
| Varčevalni računi | Lightyear Cash Account ES | 1.91% | 1.55% | -2.05% | Izgubi | Estonian broker, monthly interest, no limit |
| Varčevalni računi | Revolut Savings Vault EU | 1.85% | 1.50% | -2.10% | Izgubi | Premium/Metal plans, instant access, up to €100k |
| Varčevalni računi | Openbank Cuenta Nómina ES | 1.80% | 1.46% | -2.14% | Izgubi | Santander subsidiary, salary required, instant access |
| Varčevalni računi | B100 Cuenta Save ES | 1.75% | 1.42% | -2.18% | Izgubi | Instant access, up to €50k, monthly interest, neobank |
| Varčevalni računi | Bunq EasyBank Savings ES | 1.56% | 1.26% | -2.34% | Izgubi | Instant access, Dutch deposit guarantee, monthly interest |