Banks will continue to raise interest rates on deposits, while the value of deposits is growing not only due to their more attractive interest rates, but also due to the return of some funds withdrawn in the first weeks after the start of Russia’s attack on Ukraine, believes the president ING Bank Śląski Brunon Bartkiewicz.
“Banks will raise interest rates. We have an interest rate on new funds at 4% p.a.,” said Bartkiewicz during a press videoconference.
He informed that the observation of the functioning of the bank’s ATMs and ATMs showed that in April the trend in the frequency and amount of deposits was changing.
“April is a completely different month, we are returning to the normal pattern, we even have some increased payments – probably some of the ‘mattress and apple tree’ goes back to deposits, but this is not related to the interest rates offered by the bank for deposits,” added the president.
At the end of April, ING BSK announced that it had prepared a promotional offer for new customers “Bonus na start” with an interest rate of 4% for 3 months, for amounts below PLN 200,000. For customers who are already saving with ING, the bank has prepared a new edition of the “OKO Bonus” promotional offer, with an interest rate of 4% for 3 months, for new funds up to PLN 200,000. In the “More than a deposit” offer, the bank increased the interest rate for new funds not exceeding 10 million in OKO accounts for companies to 3.5%. The standard interest rate does not change and amounts to 0.5%, which means that for new funds deposited during the promotion period, you can get an interest rate of up to 4% per annum. Special offers are available from April 28.
ING Bank Śląski has been listed on the WSE since 1994. Its main shareholder is the Dutch group ING. The bank’s total assets amounted to PLN 201.65 billion at the end of 2021.
Source: ING Bank Śląski and ISBnews
