Compare Fixed-Rate Deposits in Poland

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20 live offers compared from 11 providers, from PLN 0. Updated daily.

What is a Fixed Deposit in Poland?

A fixed deposit, known in Poland as a lokata terminowa, is a savings product where you lock a sum of money with a bank for an agreed term at an agreed interest rate. In return for committing the funds you usually earn a higher, guaranteed rate than an open savings account. Terms range from a month to a few years, and interest is paid at maturity or periodically. Withdrawing early typically forfeits some or all of the accrued interest.

How the Polish market works

Deposit rates in Poland move with the National Bank of Poland's reference rate, so headline offers rise and fall with monetary policy. Banks compete hard for new money, often reserving the best rates for fresh funds or new customers and for shorter promotional terms. Both fixed-rate and variable-rate deposits exist, and many banks run online-only lokaty with better rates than branch products. Interest is subject to the flat capital-gains tax (podatek Belki), which the bank withholds automatically.

Benefits

Guaranteed return — A fixed-rate deposit locks your interest rate for the whole term regardless of market moves.

Higher than instant savings — Committing your money usually earns more than an easy-access account.

Capital security — Your principal is protected and returned in full at maturity.

Discipline — Locking funds away removes the temptation to spend and helps you save toward a goal.

How to choose

Compare the annual interest rate but check whether it is promotional, capped by a maximum balance, or reserved for new funds. Match the term to when you will need the money, since early withdrawal usually cancels the interest. Note how and when interest is paid, whether the deposit renews automatically at a lower standard rate, and always compare the net return after the Belka capital-gains tax.

Leading providers in Poland

PKO Bank Polski, Bank Pekao, Santander Poland, ING Bank Śląski, mBank, Bank Millennium and Alior Bank all offer a range of fixed deposits, frequently with new-money promotions. Nest Bank and other smaller or online-focused banks often top the rate tables to attract deposits. Because leaders change with each promotion, comparing current offers matters more than brand loyalty.

What it costs

A fixed deposit has no purchase price; the relevant figures are the interest rate earned and any conditions attached, so the brief lists no cost range. The main deductions are the flat capital-gains tax on interest and the opportunity cost of locking funds. Watch for minimum and maximum deposit amounts and for standard (lower) rates applied if the deposit rolls over automatically. A daily lokata or shorter promotional term can be useful for parking money you may soon need while still earning more than a current account.

Protections and regulation

Banks are licensed and supervised by the Polish Financial Supervision Authority (KNF). Deposits, including fixed deposits, are guaranteed by the Bank Guarantee Fund (BFG) up to the equivalent of EUR 100,000 per depositor per bank. Interest is taxed at the flat capital-gains rate withheld at source. Consumer protection and dispute resolution fall to the Financial Ombudsman (Rzecznik Finansowy) and UOKiK.

Common questions

What happens if I withdraw early? You usually lose the accrued interest, though your principal is returned in full.

Is my money safe? Yes. The BFG guarantees deposits up to EUR 100,000 equivalent per bank.

Why is the best rate only for new money? Banks use promotional rates on fresh funds to attract deposits; existing balances may earn less.

Is the interest taxed? Yes. The flat capital-gains tax, known as the Belka tax, is withheld automatically by the bank, so compare net returns.

Fixed-Rate Deposits in Poland — FAQ