Question 1

What is the difference between a fixed deposit and a savings account?

Accepted Answer

A fixed deposit locks your money for a set period (3, 6 or 12 months) and usually offers a higher fixed rate. A savings account gives you access to your money at any time while still earning interest (apart from the first free withdrawal per month). Choose a fixed deposit if you do not need the funds for a while; a savings account for a readily accessible cushion.

Question 2

What interest rates do Polish banks offer in 2026?

Accepted Answer

In 2026, fixed deposit rates in Poland range from 4.0% to 6.5% gross p.a., while savings account rates range from 3.5% to 6.0% gross. The best offers often apply to new funds or new customers for the first 3вЂ“6 months. Kodenix Capital updates its rankings hourly.

Question 3

Are deposits in Polish banks safe?

Accepted Answer

Yes. Funds in Polish banks are protected by BFG up to EUR 100,000 per person per bank вЂ” covering both fixed deposits and savings accounts.

Question 4

Can a foreigner open a deposit or savings account in Poland?

Accepted Answer

Yes. Ukrainians and other foreigners with a PESEL number and a valid residence document can open deposits and savings accounts. A current account (ROR) at the same bank is usually required.

Question 5

What tax applies to interest from a deposit or savings account?

Accepted Answer

Poland levies a capital gains tax known as the Belka tax at 19%. Banks deduct it automatically from paid interest. No additional tax declaration is required. Rates advertised by banks are gross figures.

Savings

Term deposits

Savings accounts