Bank Nowy Tops Monthly Deposit Rankings with Attractive 7% Interest Rate

In the latest monthly bank deposit ranking, Bank Nowy has emerged as the clear leader with its NOWYdepozyt 1M WYSOKI PERCENT deposit, offering an impressive 7% annual interest rate. This offer helped Bank Nowy secure the top spot for another month, distancing itself from competitors after sharing the lead with Lokata Lokata Powitalna from Volkswagen Bank GmbH Oddział w Polsce.

Bank Nowy’s high-interest deposit is exclusively available to new customers who open a deposit account. The maximum deposit limit is PLN 10,000. This attractive rate is part of Bank Nowy’s strategy to entice new clients and strengthen its market position.

Close on its heels, Toyota Bank’s Lokata Plus holds second in the rankings, continuing to offer a robust 5.80% annual interest rate. The consistency in the rate since last month, following a substantial increase from 4.90% in December, has helped Toyota Bank maintain its status among the top-ranking deposits. Customers must have an account with Toyota Bank to be eligible for this offer, with the maximum deposit capped at PLN 100,000.

Bank Millennium secures third place with its Birthday Deposit, maintaining a steady 5.50% per annum. This unique offer, aimed at enhancing customer loyalty, is available to account holders who can set up the deposit via a mobile application within 30 days of their birthday. The maximum limit is PLN 25,000.

Despite slipping from the top ranks, Volkswagen Bank GmbH Branch in Poland continues to offer a competitive rate of 5% per annum with their Lokata Plus for deposits up to a maximum of PLN 2,000,000, exclusively for account holders.

The rankings reveal that the top four offers all provide a minimum interest rate of 5%. Not far behind, BFF Banking Group’s Lokata Facto occupies the fifth position with a slightly lower rate of 4.75% per annum but caters to a substantial maximum deposit limit of PLN 12,000,000.

The fierce competition among banks indicates an ongoing battle to attract and retain depositors by offering competitive rates despite varying economic conditions.

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 personal income tax advisory, or contact us for a free consultation.