Banks Maintaining Attractive Interest Rates on Deposits

Despite keeping the rates at the current level, banks offer rather appealing interest rates on deposits. In some institutions, you can count on as much as 8% profit. Experts predict whether there is a chance for even more.

HRE Investments analysts point out that although in November the Monetary Policy Council once again decided to keep interest rates at the current level, banks unexpectedly improved the offer of deposits and savings accounts. It’s noteworthy that the average interest rate on the best promotional products increased by 0.5 points within a month.

What is Important in Interest Rates:

In some banks, you can count on up to 8% profit, although it is most often associated with additional requirements. The best deposit offers are usually short-term and apply to predetermined maximum amounts.
The list prepared by HRE Investments shows that the most favorable interest rate (8.2 percent for 12 months) is offered by mBank. However, this offer applies only to those who open an account with the institution.

According to experts, this is unlikely due to the reserve of the MPC when it comes to interest rate hikes. – An argument for restraint in further increasing interest rates on deposits is also the restraint of the Monetary Policy Council when it comes to interest rates. If we look at the average interest rate on annual deposits and the level of the basic interest rate in Poland, it’s obvious that these values ​​tend to go hand in hand.

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.