Lokaty in Poland

I have opened a life insurance at Nordea, which is effectively a lokata for 12 months with an interest of 5.1%.
The trick is, you dont pay taxes on life insurances, so if i would have opened a comparable lokata, it would give me 6.3% before taxes.

Does anybody know comparable long term investments?

I always thought that when one took out a 'Life Insurance' policy, they only paid out in the event of death; there is no cash in value of the policy if one terminates the contract during the term of the policy or at the end?

I'm also looking at investing in short term and long term with banks/financial institutions in Pl - just starting my research :o)

Its a trick banks do to avoid paying the 19% Capital Gains Tax.

You basically make a life insurance for 12 months. If you live you get the cash + 5.1%, if you die your beneficiary gets it.

Yes .... I looked it up at Nordea, and such an account does exist - is this account only available to Polish residents?

Nope, i for instance opened it with a Gernan passport without residing in Poland.

You can btw use the "Zapytaj o produkt" link, they will call you back in English.


I suggest you go for long term asap, as interest rates will continue to fall.