Bond interest rates in March. The ministry revealed new rates

The Ministry of Finance does not plan to change the interest rates on retail bonds that will go on sale in March, the Ministry of Finance announced on Monday.

“In March, we left the interest rates on savings bonds unchanged. Our standard offer includes 3-month, 1-year, 2-, 3-, 4- and 10-year instruments. It is worth remembering that for the beneficiaries of the Family 800+ Program we also have specially dedicated 6- and 12-year family bonds,” said Jurand Drop, deputy minister of finance, quoted in the release.

The ministry said that the interest rate on 1-year floating-rate bonds will be 4.25% and 2-year bonds 4.40%, in the first monthly interest period. “The interest rate on 1-year and 2-year bonds changes every month. It is calculated as the sum of the reference rate of the National Bank of Poland and the margin and, in the case of instruments offered in March, is 0.00 percent for 1-year bonds and 0.15 percent for 2-year bonds,” the ministry added.

In turn, the interest rate on bonds 3-month fixed interest rates will be 2.50%. per annum, and 3-year ones 4.65%. The remaining bonds, in the first annual interest period, will bear interest as follows: 5.00 percent (4-year) and 5.60 percent (10 years old). Additionally 6- and 12-year family bonds intended for beneficiaries of the “Rodzina 800 plus” program will bear interest of 5.20 percent, respectively. and 5.85 percent in the first year.

The Ministry emphasized that the interest rate on 4-year bonds changes every year and is calculated based on the sum of the inflation rate from the last 12 months and an unchanged margin of 1.50%. The same interest rate mechanism also applies to 10-year bonds, but in this case the margin remains unchanged at 2%. The margins for family bonds remain at the same level, the interest rates of which are calculated according to the same principles as in the case of 4- and 10-year securities and amount to 2%, respectively. for 6-year bonds and 2.50 percent for 12-year-olds.

The ministry reminded that from February 24 this year you can purchase a new issue of treasury bonds by way of exchange. “Holders of bonds redeemed in March can use the option of automatic exchange of redemption funds for new bonds. In exchange, the purchase is made at a lower price, thanks to which it is possible to obtain additional profit – new bonds are purchased at PLN 99.90 per unit (except for 3-month OTS bonds). The difference in price is an additional profit,” explained the Ministry of Finance.

Savings bonds can be purchased online via the website obligacjeskarbowe.pl, at PKO BP branches and customer service points of the PKO BP Brokerage House or in the network of bond sales points of Bank Polska Kasa Opieki. The bonds are also available online on bank websites and the PeoPay mobile application. (PAP)

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