There is a concept that very few people apply when comparing savings products: real APY. Not the nominal APY on the bank brochure, but inflation-adjusted APY. The formula is simple:
Real APY ≈ Nominal APY − Inflation Rate
If your deposit pays 2.5% nominal and inflation is 3%, your real APY is -0.5%. You are losing purchasing power even though you are receiving interest.
The 2026 picture: rates falling, moderate inflation
In 2026, the ECB has cut rates to around 2.25-2.5%, pulling down APYs on the safest products. Meanwhile, Spanish CPI is around 2.2-2.8%. Result: the real APY of the safest products is close to zero or barely positive.
The products that best protect against inflation in 2026
Products like crypto staking (DOT 6.5%), stablecoin lending (USDC on Euler 6.7%), or crowdlending (Mintos ~10%) offer real positive APYs, but with significantly higher risk. For conservative investors, the best fixed deposits (3.5%) offer a slim real APY of around +1%.
APYData is the only Spanish-language tool that lets you compare all of these — bank deposits, government bonds, crypto staking, DeFi lending — in a single real-time table, so you can answer in seconds: is my money growing or shrinking?