PKO Bank Polski has established 2.8 thousand housing accounts with a total of PLN 11.5 million deposited by the end of 2023, the bank said.
In the period from 10 August to 31 December 2023, 2,772 accounts were opened into which the bank’s customers deposited a total of more than PLN 11.5 million, the banks financial statement reported.
The Account is designed for people aged between 13 and 45 who do not own property. One person can have one Account. The maximum duration of the Account is 10 years (the Account may be maintained no longer than until 31 March of the year following the expiry of 10 years counted from 31 December of the year in which the Account agreement was concluded). The Account is free of charge, but requires regular deposits of PLN 500 to PLN 2,000 per month.
The customer can use one month per year for a “holiday from saving” without consequences – he or she will still be entitled to the bonus and tax exemption. Until 31 December 2023, the account had a promotional interest rate – 5.35% per annum. Between the first of January 2024 and 31 March 2024, the promotional interest rate – 4% per annum – applies, the bank stated.
If the account is maintained for min. 3 full calendar years and the customer does not meet the condition of regular deposits or withdraws part of the accumulated funds, or when the maximum term of the account expires, it will transform into a housing deposit. The deposit will bear interest at no less than 75% of the interest rate of a 12-month savings term deposit account, or, if the bank does not have such an offer, at no less than 50% of the WIRON index. The condition for entitlement to the housing bonus and income tax exemption is to maintain the Account for min. 3 years and to allocate the funds accumulated therein for a housing purpose.
Source: PKO Bank Polski and ISBnews
