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Saving in Poland; bank interests


waveydave 4 | 39  
30 May 2008 /  #1
When I was in Poland I noticed that some of the bank accounts there offer 8%-12% interest on their savings accounts. This beats the 4 or 5% offered by English accounts. Combine this with the fact that there is a steady demand for Zloty┼Ť as Poles take their money back home after working abroad and the Zloty has been raising in value compared with the GBP and USD.

Is it just me that has thought that a Polish savings account might be a sensible place to save. Does anybody know how easy it would be for an English man to open a savings account in Poland? ie, could it be done on the internet?
boru 2 | 5  
1 Jun 2008 /  #2
Try bank Zachodni WBK they have an internet bank site. Tick the English button to get the info if you don't speak Polish!
Grzegorz_ 51 | 6,161  
1 Jun 2008 /  #3
I noticed that some of the bank accounts there offer 8%-12% interest

Max 6-7% and which inflations over 4% that's nothing special.

Zloty has been raising in value compared with the GBP and USD.

First of all both USD and GBP got weaker dramatically and there's a risk that they are going to be stronger.
OP waveydave 4 | 39  
1 Jun 2008 /  #4
Max 6-7% and which inflations over 4% that's nothing special.

Ah, ok. I stand corrected. Probably I was looking at adverts for loans and mistaking them for savings accounts.

Try bank Zachodni WBK they have an internet bank site. Tick the English button to get the info if you don't speak Polish!

Thanks for that.

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