Top Savings Accounts in Poland: VeloBank Leads the Pack

For those seeking attractive returns on savings, VeloBank’s Flexible Savings Account has emerged as the top choice in a recent ranking. Offering a competitive 7% annual interest rate, this account stands out for its terms, which are geared toward new customers. The account can be opened via remote channels, provided the customer agrees to marketing consent. This rate applies to balances up to PLN 100,000 and is valid for 92 days.

Securing second place is the Indexed Savings Account from Toyota Bank, with an interest rate of 5.85% per annum. Unlike VeloBank, this account doesn’t require meeting specific conditions, but it does come with a monthly maintenance fee of PLN 30. However, the fee is waived if no withdrawals are made within a given month. The rate is applicable until the end of the year and covers balances up to PLN 400,000.

In third place are three accounts offering a 5% annual interest rate: Alior Bank’s Mega Savings Account (non-personal account variant), PKO BP’s Savings Account Plus, and Volkswagen Bank GmbH’s Plus Account in Poland. Both Alior Bank and PKO BP require new funds to qualify for the promotional rate, with limits of PLN 50,000 and PLN 250,000, respectively. Volkswagen Bank’s Plus Account requires a minimum deposit of PLN 50,000 to secure the full 5% rate, with lower rates applying to smaller balances. Deposits with Volkswagen Bank are protected under the German deposit guarantee system.

The ranking highlights various options catering to different financial needs, with interest rates below 5% available for accounts outside the top tier. Savers should evaluate the terms and conditions carefully to maximize their returns.