Banks are cutting interest rates to 2022 levels [DepoTracker Bankier.pl IV kwartał 2025 r.]
Banks did not wait for the new year to clean up their price lists. The last quarter of 2025 was marked by cuts in deposit rates, with average prime offer rates falling to levels not seen since spring 2022. DepoTracker's proprietary indicator shows that for some products, the average interest rate on leading offers has shrunk by up to 0.65 percentage points. in just three months.
The analysis for the fourth quarter closes the year just passed. Thanks to the proprietary DepoTracker indicator, we can track how the average rate of the five best term deposits with given parameters has changed over the last 24 months. We always accept the following deposits:
- 3-month deposits for PLN 10,000 PLN – analysis for offers with additional conditions and proposals without such restrictions,
- 3-month and 12-month deposits per PLN 100,000 zloty.
It is not without reason that we focus on deposits in these variants. Quarterly deposits have been at the forefront of popularity among savers for years. This thesis is confirmed by the data published monthly by the National Bank of Poland. They are also discussed on Bankier.pl.
Offers for 10 thousand these are propositions for those who are looking for opportunities. For such people, we check how the arithmetic mean of the highest interest-bearing offers from the so-called hooks and offers available only “for the price” of paying the accumulated capital. Those with larger savings who care about safe storage of funds and additional profit may be interested in offers for PLN 100,000. zloty. In this case, we are looking at proposals for 3 months and 12 months.
The source of information are periodically published deposit rankings by Bankier.pl as well as the comparison website at banker.pl/smart.
Quarterly deposits for PLN 10,000 PLN (for bargain hunters)
Average rate of the best five quarterly deposits with additional conditions per PLN 10,000. for the first time in many years it reached a level lower than 6%. on an annual basis. A result of 5.97 percent. on an annual basis was recorded in December this year. and this is the lowest result since March 2022, when the average was 4.32%. on an annual basis. It was a critical month, because later the average interest rate rose quite quickly – within 9 months – to over 8%. on an annual basis.
Comparing the average interest rate from December 2025 to the result from three months ago, a decrease of as much as 0.39 percentage points can be seen. During these three months, the rate changed not only for the leader of the table, but cuts were also visible among offers slightly lower in the table.
One of the most important changes is the reduction of the interest rate on the Welcome Deposit at Credit Agricole from 7.50 to 7.00 percent. on an annual basis. Much lower interest rates than in September were also offered by Citi Handlowy (a deposit for new customers interested in opening a Citigold account) and Volkswagen Bank at the end of the year.
An even bigger change in minus applies to offers without additional conditions, i.e. deposits that do not even require a personal account.
In September, the average for the top five was 3.87%. per year, while at the end of the year it was already 3.41%. annually.
All banks in the top four of the table are responsible for this significant decline. The largest cut was made by Santander Consumer Bank on Lokata Online during the above three months. In September, you could get 4.00% on a quarterly deposit. on an annual basis. At the end of the year it was 3.20 percent. annually.
Bank deposits for PLN 100,000 PLN (for supporters of safe saving)
A significant drop was also recorded in deposits for the same term, but for a much higher amount – PLN 100,000. zloty. In September, the top five deposits with these parameters had an interest rate of 6.33% on average. on an annual basis. It was a rate slightly lower than that available on deposits for PLN 10,000. zloty. The current analyzed average has significantly moved away from its counterpart for the lower amount and amounts to 5.76%. on an annual basis.
In addition to Credit Agricole, Citi Handlowy and Volkswagen Bank, mentioned above, for a reduction in the average by as much as 0.57 percentage points. changes carried out in Renault Bank, HoistSpar, Bank Nowy and Raiffeisen Digital Bank are also responsible. To get into the top five in September, which closed the third quarter, you had to offer at least 5.85%. on an annual basis. In December, the limit was set at 5.00%. annually.
The winner in the inglorious competition for the highest nominal decrease in the average for the five best offers in the analyzed period is the 12-month deposit option for the amount of PLN 100,000. zloty.
In September, the tested parameter was 4.68%. on an annual basis, while in December it approached the 4% limit, reaching 4.03%. annually. You'd have to go all the way back to April 2022 to find an all-time low.
For these deposits, all TOP5 offers changed their rates within the given time. The leaders of the September table, i.e. Raiffeisen Digital Bank and Volkswagen Bank, reduced their interest rates by 1 percentage point. This is the biggest cut among all top offers.
A quarter of interest rate cuts
You don't have to look far to find the answer to the reason for these reductions. The slogan that can easily describe the last quarter of 2025 is “interest rate cuts.” At each meeting of the Monetary Policy Council, which took place from October to December this year, such a decision was made. The reductions in central bank rates were followed by commercial banks, which immediately cut the interest rates offered to depositors. For example, in September the highest rate on a term deposit was 7.50%. on an annual basis. 3 months later it was 7.10 percent. annually.
