The Polish Ministry of Finance will adjust interest rates on savings bonds offered in April to reflect current market conditions, officials announced.
New Treasury Bond Interest Rates Announced
The Ministry of Finance announced adjustments to the interest rates on treasury bonds available for sale in April, aligning them with prevailing market conditions.
Interest rates for specific bonds are as follows: 3-month fixed-rate bonds will yield 2.00%, 1-year variable-rate bonds linked to the NBP reference rate will yield 4.00%, and 2-year bonds will yield 4.15% in the first monthly interest period. 3-year bonds will be offered at 4.40%.
Rates for Longer-Term Bonds
Further, 4-year bonds will be offered at 4.75% and 10-year bonds at 5.35% in their first annual interest period.
Family Bonds – “Rodzina 800 plus” Program
6- and 12-year family bonds, designated for beneficiaries of the “Rodzina 800 plus” program, will offer interest rates of 5.00% and 5.60% respectively, in the first annual interest period.
Margin Rates Remain Stable
The Ministry stated that bond margins will remain at an “attractive, unchanged level.”
Variable Rate Calculation
Interest rates on 1-year and 2-year bonds are adjusted monthly, calculated as the sum of the National Bank of Poland’s reference rate and a margin. For April offerings, this equates to 0.00% for 1-year bonds and 0.15% for 2-year bonds.
The interest rate for 4-year bonds is adjusted annually, based on the sum of the inflation index from the past 12 months and a fixed margin of 1.50%. The same mechanism applies to 10-year bonds, with a fixed margin of 2.00%.
Preferential Margins for Family Bonds
Preferential margins for family bonds remain unchanged, calculated using the same principles as for 4- and 10-year bonds: 2.00% for 6-year bonds and 2.50% for 12-year bonds.
Ministry Comment
“In April, we are adjusting the interest rates on savings bonds to market conditions. At the same time, for instruments with variable interest rates, we are maintaining margins at an unchanged, competitive level in subsequent interest periods,” commented Jurand Drop, Deputy Minister of Finance.
