Negative interest at banks on savings accounts.
Several institutions decided to introduce fees for holding savings after the MPC cut interest rates. The NBP interest rate dropped to 0.10%, which had a direct impact on the banks that evaluate the deposits. Some institutions have decided to introduce fees for keeping money in savings accounts. EnveloBank - digital Bank Pocztowy was the first to announce that the interest rate will be 0.01% from September
and the fee for servicing the account is PLN 1.99 per month if the customer has a ROR, otherwise the fee will be PLN 2.99. Another bank to start collecting fees is CitiBank Handlowy. The fees will be charged on currency accounts in euro for holders of CitiKonto, CitiPriority, CitiGold, CitiGold Private Client. This applies to people who set up an account after August 20, 2020 and will be dependent on the account balance. The amount will be increased with the increase of savings on the account, up to a maximum of PLN 180.
Bank PKO BP also declared fees for maintaining a savings account. PKO BP charges PLN 1 for servicing the account, the interest rate of which is 0.2%, which leads to a situation that the profit is absorbed by fees. At Alior Bank, the interest rate on the savings account is 0. A savings account based on WIBOR 1M less 0.75 percentage points gives a negative value. Alior does not charge negative interest, but also does not pay any interest for keeping funds in a savings deposit.