Income you can plan for
The coupon is set when the bond is issued: you know the amount and the payment dates, handy for planning income.
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Investing in bonds means lending money to a government or a company in exchange for regular coupons and getting the principal back at maturity. With Freedom24, the broker with the most fixed income in Europe, you reach over 147,000 bonds.
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The idea in three lines
Figures reported by Freedom24. Source: freedom24.com and its press releases, checked on 24 September 2026.
Enter the face value, price, coupon and years, and calculate the coupons you will collect, the approximate YTM and whether it beats leaving the money in the savings account.
Bond yield (YTM)
3,50 %
per year
Annualised return, already accounting for the price you pay. This is the figure to compare with any other product.
Return on your investment
17,50 %
over 5 years
What you earn in total on what you put in, over the whole term. It is not an annual rate.
Coupon per year
35 €
Total coupons
175 €
Gain at maturity
175 €
You get back at the end
1175 €
Bond or savings account? · over 5 years
Over 5 years, the bond earns 44 € more than leaving that money in the savings account.
Rough estimate: assumes holding the bond to maturity (you recover the face value) and not reinvesting coupons; the savings account does compound. It excludes fees and taxes, and a bond's price changes daily. Not investment advice.
These are not technical features but the three reasons a long-term investor sets aside part of the portfolio for bonds.
The coupon is set when the bond is issued: you know the amount and the payment dates, handy for planning income.
When shares fall, quality debt tends to hold up better; splitting between the two smooths the portfolio's swings.
Cash you have not yet invested can earn interest in the savings account instead of sitting idle.
Fixed income is Freedom24's great differentiator. These are its strengths for bonds and, with no gloss, what is worth being clear about before opening an account.
The Cypriot investor compensation fund covers up to €20,000 per client against the firm's insolvency, not market losses.
Freedom24's D-Account pays interest on the cash you hold uninvested. Interest is calculated daily: in euros it is linked to EURIBOR and in dollars to SOFR, so it rises and falls with the reference rates.
It is Freedom24's other flagship product and the natural companion to bonds: you park your money there while you wait for the issue you want.
This guide is about bonds; the savings account deserves a comparison of its own, which we will prepare separately. Here we only flag it as the piece that pays you while you wait.
Learn about the D-AccountIn fixed income, a mood of fear or euphoria moves bond prices and their yields. Read the gauge as context for the market's mood, not as a signal to buy or sell.
Source: CNN Business Fear & Greed Index. Updated once a day at 22:30 CET, Monday to Friday, after the US market close — when the day’s reading is final.
See today’s marketWhat debt yields today, what your cash earns and the inflation to beat: the three readings worth checking before investing in fixed income.
Fixed income today
3,63 %
Spain 10-year government debt
The benchmark for what long-term fixed income yields: coupons on similar bonds move with it.
Reading for August 2026 · BCE
Your cash, earning interest
2,51 %
3-month Euribor
ECB deposit facility2,5 %
Roughly what your uninvested money earns in a euro savings account while you wait for the right moment.
Reading for August 2026 · BCE (Refinitiv)
The inflation to beat
2,9 %
Annual CPI (Spain)
Your coupon only gains purchasing power if it beats inflation.
Reading for December 2025 · INE
Official ECB and INE data, refreshed automatically every day. When rates rise, bonds already issued fall in price; a coupon only protects your purchasing power if it beats inflation.
For money you need within a year: what Spanish Treasury bills yield today and how to buy them with no middlemen.
Spanish Treasury bills guideAnd the equity side? Index funds: robo-advisor, automatic plan or do it yourself.
Index funds guideHow much does a monthly contribution grow over 10, 20 or 30 years? Work it out with compound interest.
Compound interest calculatorYou can go to a Treasury auction or, more conveniently, buy them through a broker on the secondary market. Freedom24 gives access to government and corporate bonds, in euros or dollars, from its platform.
The yield to maturity is the annual return you would get if you buy the bond at its current price and hold it to the end, collecting every coupon. It sums up coupon and price in a single number.
The bond yield (YTM) is annual: what it earns each year, accounting for the price you pay. The return on investment is the total earned on what you put in over the whole term: a 3% bond over 10 years builds up close to 30%.
In Freedom24's D-Account, cash earns interest daily based on EURIBOR (euros) or SOFR (dollars). As it follows variable rates, the interest changes every day: check the current one on their website before relying on a figure.
It operates as Freedom Finance Europe Ltd, regulated by CySEC and registered with the CNMV, within the MiFID II framework. It is a subsidiary of Freedom Holding Corp, listed on the Nasdaq. The Cypriot fund covers up to €20,000 against the broker's insolvency.
The term and the coupons. Treasury bills are short-term debt (up to twelve months) that pays no coupon: they return by being bought below their value. Bonds run longer and pay regular coupons until maturity.
No. A D-Bond is a bond: it can lose value if rates rise and you will not get paid if the issuer defaults. It is not a deposit, nor covered by a deposit guarantee scheme; CySEC protection covers the broker's insolvency, not these risks.
In Freedom24's D-Bonds showcase you buy in lots from €1,000/$1,000. The minimum depends on each issue, and on the secondary market some bonds are within reach for less. Only invest money you will not need until maturity.
Bonds carry risk too: their price falls when rates rise and an issuer can default. That is why you pick them carefully, diversify and invest for a term you can hold. None of this is a recommendation: it is information so you decide for yourself.
Opening an account at Freedom24 is free and without commitment.
Disclosure: this page contains affiliate links to Freedom24. If you open an account through them, Smart Money Activity may receive a commission at no cost to you. It does not shape what we say or the risks we point out.
Informational and educational content; it is not financial advice or a personalised recommendation. Investing in bonds carries a risk of loss. Always check the current terms on Freedom24's website and its registration with the CNMV.