Interest rates on Polish time deposits have ceased their downward slide, coinciding with a modest uptick in customer inflows during June.
Data published by the National Bank of Poland (NBP) reveals that deposits grew by PLN 2.6 million compared to the previous month, marking a reversal in the flow of funds into bank savings products.
The stabilization of average interest rates suggests that banks are adjusting their pricing strategies to retain liquidity, even as broader market conditions evolve.
This development indicates that savers are increasingly viewing fixed-term deposits as a viable option amidst fluctuating returns on other instruments.
The trend in Poland mirrors broader regional dynamics where competition for deposits is intensifying.
In the UK, for instance, easy-access savings rates have climbed to 4.9% as banks vie for customer funds.