Bank Pekao has extended its promotional campaign for retail savings accounts, maintaining an interest rate of 5.70% for deposits up to 100,000 PLN.

The move comes as Polish banks continue to compete aggressively for retail deposits in a market where funding costs remain a key variable for net interest margins.

The extension of the high-yield offer suggests that the lender is prioritizing deposit growth and customer retention over immediate margin optimization.

In a competitive landscape, such promotions are often used to attract new customers or prevent outflows to rivals offering similar or higher rates.

This development follows a series of promotional campaigns by major Polish lenders.

Bank Pekao previously extended a campaign for business clients opening 'Konto Biznes z Żubrem' accounts, offering cash bonuses of up to 4,200 PLN.