"Nowe środki na Elastycznym Koncie Oszczędnościowym"

VeloBank Flexible Savings Account – the "New Funds" offer reviewed

"New Funds on the Flexible Savings Account" is a special offer (edition 12/2026) for VeloBank's savings account. The bank reserves the top rate for new customers who open the account through remote channels or via an application on its website; customers who already save with VeloBank can get a lower promotional rate. It's designed for people who want to keep spare cash in an easily accessible place while benefiting from a boosted, but time-limited, introductory interest rate.

Interest rate – what you'll actually earn

The bank's headline rate is 6.00% per year, but that's only the top tier, available only to new customers who open the account remotely. The fixed promotional rate on new funds, for each calendar month in which you make at least 5 cashless transactions with your personal account card or BLIK, is:

• new customer, up to PLN 100,000 of new funds – 6.00%
• new customer, the surplus from PLN 100,000 to PLN 400,000 of new funds – 4.00%
• other customers, up to PLN 400,000 of new funds – 4.50%

If you don't make the 5 payments in a given month, new funds up to PLN 400,000 earn 2% (new customers) or 1% (other customers) for that month. All other funds earn the variable base rate, which according to the bank's website is 0.5% up to PLN 100,000, 1% on the surplus from PLN 100,000 to PLN 400,000, 1.5% on the surplus from PLN 400,000 to PLN 1 million and 0% above PLN 1 million. The bank pays interest at the end of each month.

Importantly, the 6.00% rate is promotional and temporary. The offer lasts 92 calendar days from the first inflow of new funds, and to join it you must deposit new funds on the Flexible Savings Account by 12.11.2026 and give marketing consents. New funds are the surplus over the opening balance on your savings account and deposit products at VeloBank, and the bank also takes your personal account balance into account. After the 92 days the base rate applies, so 6.00% should not be treated as a long-term rate.

Terms and fees

The bank charges nothing for opening or maintaining the account. In this offer VeloBank does not require you to open a personal account, but the 5-payment condition refers to the personal account card or BLIK, so without an actively used VeloBank personal account the top rates are out of reach (the bank advertises the variant without a personal account at "up to 2%"). Internal transfers in online and mobile banking are free, one withdrawal per month is free and each further one costs PLN 10, worth factoring in if you plan to move money to another bank often.

Summary

VeloBank's "New Funds on the Flexible Savings Account" is a typical welcome offer – attractive at first glance, but worth reading the terms closely in practice. 6.00% per year looks good, but it applies only to new customers and up to PLN 100,000, lasts 92 days, and requires at least 5 card or BLIK payments every month. For a new VeloBank customer who's planning to open a personal account there anyway and uses a card daily, it's a sensible way to temporarily boost the rate on spare cash. For someone looking for a stable, long-term place to park capital without extra conditions, this offer is less convenient: after three months the variable base rate applies (currently from 0.5%), so compare it against offers with no time limit.