The Polish Ministry of Finance announced on Friday that interest rates for retail treasury bonds offered in May will remain unchanged, with a new bond swap available from April 27th.
May Treasury Bond Interest Rates
The Ministry of Finance has confirmed that interest rates on treasury bonds available for purchase in May will remain at current levels.
Details on Fixed and Variable Rate Bonds
One-year bonds with variable interest rates linked to the NBP reference rate will offer 4% in the first month, while two-year bonds, also linked to the reference rate, will yield 4.15% in the initial monthly period.
Three-month fixed-rate bonds will offer 2% annually, and three-year fixed-rate bonds will yield 4.4%. Other bonds with variable rates will have coupons of 4.75% for four-year papers and 5.35% for ten-year bonds in the first annual interest period.
Family 800+ Program Bonds
Six- and twelve-year family bonds, designated for beneficiaries of the “Family 800 plus” program, will be offered at interest rates of 5% and 5.6% respectively, in the first annual interest period.
Interest Payment Options and Bond Swap Availability
Deputy Finance Minister Jurand Drop noted the importance of considering when interest is paid – either currently during the bond’s lifetime or capitalized upon redemption.
From April 27th, a new bond issue will be available through a swap option, allowing holders of bonds maturing in May to automatically exchange their funds for new bonds at a reduced price of 99.90 zł per piece (excluding 3-month bonds), potentially generating additional profit.
Official Statement
“In May, we left the interest rate on savings bonds unchanged at a competitive level. It is worth taking advantage of our offer regularly to safely increase your savings,” stated Deputy Minister Drop.
