Konto oszczędnościowe

Bank Pekao Savings Account - who it's for and how it works

The Bank Pekao savings account is an open-ended savings account - there's no fixed term for locking up funds, unlike a term deposit. Money can be deposited and withdrawn at any time without losing accrued interest, which makes this product a sensible choice for an emergency fund or a short-term cash reserve. However, the offer is built primarily with new customers in mind - the attractive promotional rate doesn't apply unconditionally, as explained below.

Interest rate

The promotional rate applies only to new funds up to PLN 100,000. On new funds the bank pays 5.70% per year if you make at least 5 cashless transactions in a given billing cycle, or 3.00% per year without that condition. Anything above PLN 100,000, money that is not new, and all money after the promotion ends earn the standard rate, currently just 0.50% per year. This means anyone planning to deposit larger savings should count on real returns only from the first PLN 100,000 of new funds - above that threshold the account makes little sense as a place for savings. Interest is calculated at the end of each month and added to the balance, so it then earns interest itself.

The key point, however, is that the 5.70% rate is neither unconditional nor permanent. Under the terms of the current edition of the promotion (sign-up from 24.09.2026 to 22.10.2026), it is open to people who between 1.01.2025 and 23.09.2026 had no accounts at Pekao, or had average monthly balances of PLN 0 to 200 on their accounts and deposits. The bank counts new funds as the balance increase against 17.09.2026 - both on the savings account and across all your PLN accounts and deposits - and takes the smaller of the two increases. The higher rate applies for up to 3 months (92 days) from joining the promotion.

In practice, you need to meet several conditions at the same time. First, the promotion is intended for customers who during the stated period (January 2025 - September 2026) had no Pekao accounts or kept an average of no more than PLN 200 a month on them - which in practice excludes existing, active customers. Second, you need a PLN personal account and regular activity - at least 5 cashless transactions per billing cycle with a debit card linked to the personal account or with BLIK in the PeoPay app; without them, new funds earn 3.00%. Third, the higher rate itself applies only for 92 days from joining the promotion, i.e. about three months. After that, the rate drops to the standard 0.50% per year.

Terms and fees

The bank charges no fee for maintaining the savings account - according to the fee schedule it costs PLN 0. The account is not a standalone product, though: deposits and withdrawals are cashless only, from and to another account at Bank Pekao, and a PLN personal account is required to join the promotion. For a customer who has no account with the bank yet, this effectively means opening two products at once. A transfer to your own Pekao account made in the PeoPay app is free, while any other transfer (to someone else, to another bank or ordered in internet banking) costs PLN 7 - worth bearing in mind if you plan to move money frequently, since with small transfer amounts this fee can eat up a significant part of the interest earned. The promotion is open to adults (18+) with full legal capacity.

Pros and cons

• High promotional rate of 5.70% per year on new funds up to PLN 100,000
• No account maintenance fees
• Monthly interest capitalization
• Full flexibility of deposits and withdrawals without losing accrued interest

• The increased rate applies for only 92 days from joining the promotion
• Only available to new or previously inactive Pekao customers
• Requires at least 5 card or BLIK transactions per billing cycle to keep the 5.70% rate (otherwise 3.00%)
• Interest on the excess above PLN 100,000 drops to just 0.50%
• Requires a personal account at Bank Pekao, and any transfer other than to your own Pekao account via PeoPay costs PLN 7

Verdict

Bank Pekao's savings account can be a sensible short-term solution for people who haven't used the bank's products before, have new money to deposit and can keep up the required card or BLIK activity - under those conditions, 5.70% per year for about three months is a high rate. It is not, however, a solution for anyone looking for a stable, long-term rate, nor for existing active Pekao customers, who simply won't qualify. After 92 days the rate drops to 0.50%, and any excess above PLN 100,000 earns only a token 0.50% from the start. Before opening the account, also make sure you accept the requirement to hold a personal account at Pekao and the PLN 7 fee for any transfer other than to your own Pekao account via PeoPay.