Bank Nowy Holds Strong Amidst Shifting Deposit Landscape

The new year kicks off with familiar faces dominating the monthly bank deposit rankings, though some shifts in interest rates are beginning to emerge. Bank Nowy continues its reign as the undisputed leader, with its “NOWYdepozyt 1M WYSOKI PROCENT” maintaining an attractive annual interest rate of 7%. This offer remains a prime choice for new customers, with a maximum deposit of PLN 10,000.

Following in second place is Bank Millennium’s “Birthday Deposit,” though its annual rate has seen a notable dip from 5% to 4.50%. This special offer is exclusively available to existing account holders for a 30-day window around their birthday and can be easily opened via their mobile app, with a maximum deposit limit of PLN 25,000.

Bank Ochrony Środowiska secures the third spot with its “New Funds Deposit,” now offering 3.80% annually, down from 4.10% last month. As its name suggests, this deposit is for new funds accounts and notably comes with no upper deposit limit, offering flexibility for larger savers. Just off the podium, BFF Banking Group’s “Facto Deposit” stands out as the only offering to see a rate increase, climbing to 3.75% annually—a 0.25 percentage point rise. Toyota Bank’s “Plus Deposit” rounds out the top five, with its rate adjusting to 3.65% from December’s 3.90%.

While Bank Nowy firmly holds its ground, the slight decreases observed in several other popular deposits indicate a dynamic environment for savers as banks adjust their offerings in the evolving financial market.

Implications for Banking and Business

Developments in the Polish banking sector affect businesses operating in the country in several ways. Access to corporate banking services, credit availability, deposit rates, and payment infrastructure are all critical factors for companies — whether established Polish firms or foreign-owned entities entering the market.

For foreign entrepreneurs setting up operations in Poland, choosing the right banking partner is a strategic decision. Major Polish banks including mBank, ING Bank Śląski, Bank Millennium, PKO BP, and Santander Poland offer varying levels of service for international clients, including English-language online banking, multicurrency accounts, and dedicated relationship managers for corporate clients.

The Polish banking market is well-regulated by the KNF (Financial Supervision Authority) and participates in the EU deposit guarantee scheme (BFG — Bank Guarantee Fund), providing deposit protection up to EUR 100,000 per depositor per institution. This regulatory framework provides stability and confidence for businesses maintaining corporate funds in Polish banks.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our bank account opening services, or contact us for a free consultation.