Term Deposit or Savings Account — Which to Choose in 2026?

Term Deposit vs Savings Account — Key Differences

Both products are used to store savings and earn interest, but they work differently. The choice depends on how quickly you might need access to your funds.

Term Deposit

A term deposit locks your money for a fixed period (1 month to 2 years). In return you get a guaranteed interest rate — usually higher than a savings account. The downside: early withdrawal typically means losing all or part of the interest.

Savings Account

A savings account gives you flexibility — you can withdraw money at any time without penalty. Interest rates are variable and can change month to month. Useful for an emergency fund or short-term savings goals.

When to choose which?

• Deposit — if you have a fixed amount you won't need for several months and want to maximise the interest rate
• Savings account — if you're building up an emergency fund or expect to need the money soon

What rates are available in 2026?

Check our comparison of deposits and savings accounts — we update the data in real time so you always see the current best rates at Polish banks.