Updated on 5 October 2024
AustriaEstablished in 2008 Alior Bank S.A. is a universal bank providing products and services to both individual and business customers. The bank combines the principles of traditional banking with innovative solutions. In December 2013, the Bank entered into a strategic alliance with T-Mobile, leading global telecommunications operator. in May 2014, T-Mobile Banking Services delivered by Alior Bank became operational. In February 2015 Alior Bank SA became the major shareholder of Meritum Bank ICB. On June 30, 2015 Meritum Bank ICB was legally merged with Alior Bank.
SwitzerlandEstablished in 2008 Alior Bank S.A. is a universal bank providing products and services to both individual and business customers. The bank combines the principles of traditional banking with innovative solutions. In December 2013, the Bank entered into a strategic alliance with T-Mobile, leading global telecommunications operator. in May 2014, T-Mobile Banking Services delivered by Alior Bank became operational. In February 2015 Alior Bank SA became the major shareholder of Meritum Bank ICB. On June 30, 2015 Meritum Bank ICB was legally merged with Alior Bank.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Poland: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 6 month to 3 years (36 months).The interest rates are within the range 0.10 - 0.20 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Poland.
Average Deposit Rates. In January 2022, average annual deposit interest rate in local currency (Polish złoty) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.99 %.
Country Deposit Rating. Poland's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aa1 (high grade).
Deposit Guarantee. Time deposit accounts made with credit institutions in Poland are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.
