Credit Agricole Leads 3-Month Deposit Market with 7.50% Rate; Several Banks Offer 6%

Credit Agricole has once again secured the top spot in the three-month bank deposit rankings, offering an attractive annual interest rate of 7.50% with its Welcome Deposit. This particular offer, which made a comeback in September after a brief hiatus, targets new customers. To qualify, individuals must open a personal account and adhere to specific monthly activity requirements, including at least five debit card or BLIK transactions and regular online/mobile banking logins. Marketing consent is also necessary. The maximum deposit for this offer is PLN 100,000, with an option to renew at 6% under certain conditions.

The second tier of the ranking saw three different deposits offering a solid 6% annual interest rate. Citi Handlowy’s Additional Deposit, part of a promotion for its Citigold account, maintained its strong position despite a slight reduction from its previous 6.40% rate. This offer, available for new Citigold Private Client account holders, accepts deposits from PLN 20,000 up to a substantial PLN 2,200,000.

Santander Bank Polska also entered the 6% club with its “Lokata dla Ciebie na Powitanie” (Welcome Deposit). This product is aimed at new customers opening a personal account with a debit card, allowing deposits up to PLN 250,000. Joining them at the 6% mark is Volkswagen Bank GmbH, Poland Branch, with its Lokata Plus. Despite a recent drop from 6.50% two months prior, its terms remain straightforward, requiring only a personal account and accepting deposits up to PLN 2,000,000, all safeguarded by the German deposit guarantee system.

Rounding out the top three in the three-month deposit category is Renault Bank’s Term Deposit, offering a competitive 5.90% per annum. This offer requires a Raisin account and allows for a maximum deposit of PLN 400,000.