As it turns out, most Poles do not save money, usually it is related to the fact that most of us have a penchant for living at the moment, often this belief is also related to our ignorance of many beneficial and interesting banking products. As it turns out, there are those that allow us to get rich, they include, among others, bank deposits.

Very few Poles assume that money is better to save than to spend. Usually, each of us cares about what is today and not what will be tomorrow. As it turns out, even poorer nations are ahead of Poles in terms of saving. Before saving, we are primarily reluctant to do so. Products that allow us to save are available at your fingertips, and the most popular and attractive one is the deposit.

 

Fixed or variable interest rate

Fixed or variable interest rate

Floating interest deposits are not common on the Polish market. Their specification requires some understanding of the banking market, because customers definitely prefer a fixed rate deposit. It guarantees that the amount of interest charged will not change throughout the duration of the contract. From the beginning, the customer knows the nominal interest rate on the deposit throughout the deposit period. This solution will allow additional gains if inflation is low.

A deposit with a variable interest rate can both go down as well as up and it will not give us certain results. In this situation, there will be uncertainty about the final amount of profits. This solution may be attractive to us if, according to market forecasts, interest rates will rise. Currently, there are no such forecasts on the Polish banking market and therefore this moment is not the best time to open a deposit with a floating interest rate.

 

A bank deposit always pays off

A bank deposit always pays off

A bank deposit will always pay off, and this is better than not using any of the banking products. It is also definitely a better solution than keeping money in the proverbial sock, and even on a very low-interest settlement and savings account, which is still used by many Poles.