The largest bank is canceling interest advantage on deposits. Where to earn more

In addition, Slovenská sporiteľňa from August 1 also adjusts the amount of the basic interest rate in the savings account – from one percent to 0.80 percent per year.

The interest advantage as a remuneration for regular investment savings remains in force. The reduction in the interest rate is not the treasury of the saving product to the children’s accounts.

In the offer of competing banks we find more attractive interest, but it can only be a matter of time before it goes down.

See the current overview of the basic interest rates on term deposits:

Bonds as an alternative

Across Private Investments advises people who prefer safety, especially bonds – state or bond ETF funds. According to him, they can bring from three to eight percent per year depending on the risk.

“In the case of the bottom of the band, we are talking about government bonds in investment, not speculative bands,” he said.

If the investor would like to approach the revenue of eight percent, it can also reach for companies or more risky state bonds, he sees the possibility of HAPL.

However, Privatbank’s chief economist Richard Tóth stresses that corporate bonds are already for bolder clients who understand the risk ratio and follow the debt parameters of issuers.

In general, Toth is also inclined to bonds because the European Central Bank is likely to be reduced by interest rates.

If the foundation is you can risk

Boris Tomčiak from Finlord thinks that he decides on money according to the inflation “is not reasonable”. He considers the investment strategy and time horizon to be important.

“If someone needs money for a year, despite inflation, he is suitable for banks. If someone is postponing their pension money and having a horizon for more than ten years, despite a possible short -term decline, stock funds are suitable for him,” he says, adding that the offer is wide.

The financial analyst of Swiss Life Select Pavel Škriniar adds that if one already has a financial foundation based on bank deposits and cash or bond funds, real estate and mixed funds can also be looked at. There may also be dynamic strategies and speculative investment opportunities. “The essence of this house is always available money without sanctions and at the same time the potential for maintaining the purchase power of savings,” he stresses.

Similarly, Toth would not be afraid of shares today – for the conditions of continuous purchase and the long investment horizon. “This year, the client may not earn them yet, but in the longer horizon, which is necessary for stock investment, they should bring the client an above -standard return,” he thinks.

On the basis of historical data, Slovenská sporiteľňa has quantified that it is possible to count on a long -term return between five to eight percent per year.

Compare inflation in Slovakia with an EU average, euro area and selected states:

Real estate funds do not grow like apartment prices

There are currently nearly three billion euros in the above -mentioned real estate funds, the statistics of the Slovak Association of Management Companies reveal.

HAPL perceives as their advantage higher diversification, higher transparency and the ability to withdraw money faster if necessary than in the direct purchase of one property, when the plus is a possible bank funding.

“In the case of world real estate funds, revenues are currently between four to six percent per year, but are also volatile than classic bonds. In the case of local real estate funds, they are more of five to ten percent.

Tóth adds that real estate funds in Slovakia invest the entrusted funds dominantly in office, retail or logistics objects. He emphasizes that there is a different price development than in the apartment market. They are significantly influenced by occupancy, which is not solved in flats. Suitable for their clients, who do not mind weaker liquidity – several months to a year.

State bonds at the earliest until spring

Slovak government bonds will come to people at the earliest until next year. “Probably in the spring in the same or similar format as this year. The total value of the bonds sold will not exceed EUR 500 million,” said Daniel Bytčánek, head of the debt management agency.

It promises to communicate more information in the fall when the bond emission plans for 2026.

So it is not possible to say what yield could offer bonds for people. In the spring, two variants were available – two -year -olds with a three percent yield per year and four -year with an interest rate of 3.3 percent per year. The advantage was that the yield is not burdened with a withholding tax of 19 percent.

Inflation presses may still remain

When one decides to invest in any bonds, there is no fall in their prices. If he needed to “withdraw” the money, he would get less than the inserted principal.

This is exactly what the situation has occurred in recent years. There was a period when government bonds also brought negative returns and bond prices were high. Subsequently, inflation came and the interest rates fired up.

“The price of the bond fund may fall temporarily by 10 percent, but until you sell it, it is an unrealized loss. If the bond fund is well managed and the assets in it are of good quality, its price will return over time and even bring the planned yield,” calms Hapl.

Toth points out that every investment is associated with the risks of economic or geopolitical nature. “There are latently, the probability of their implementation is questionable. On the other hand, there are counterbalances in the form of authorities against the risks,” he encounters central banks, governments or groupings such as the EU and their targeted steps and measures.

Currently, however, according to the economist, it is necessary to prepare that inflation can still be here for some time. It appoints that inflationary pressures can bring a jump growth of expenditure on armaments, infrastructure projects or digitization of economies, as well as the introduction of high duties.

“It is questionable whether these duties will be applied and in proposed heights, as well as whether the EU countries will argue so quickly. There may be some volatility on the market for financial instruments (including bonds), but in the long run the effect should be marginalized,” Toth estimates.

Fees or tax can be a part of the revenues to absorb

While bank deposits are free of charge and one can lose interest in premature collection, other alternatives should also be looked at at possible entry or management fees.

HAPL would avoid the classic mutual fund, as despite the reduction of fees in recent years, they remain more expensive than the stock -traded ETF funds or separate bonds.

It also recalls the ETF tax liberation after a year of possession – if they are admitted for trading on the regulated market.

However, Škriniar comments that the importance of fees is often overestimated. “Nothing is free and cheap solutions require client’s knowledge. On the other hand, convenient solutions and professional care will only receive the client if he pays for them,” he says.

It is attention to the guidance of the National Bank of Slovakia, which concerned the entry fees for regular investment.

“Some do not want to ask for fees of five percent of the investments made in decades. I consider such a fee to be exaggerated and abuse the client’s ignorance,” he says. However, he perceives a reasonable remuneration as justified, as IT solutions and education are behind the service associated with investing.