The Ministry of Finance discloses bond interest rates. Check how to profit from the exchange
— In June, we left the interest rates on savings bonds unchanged. This is a good time to learn more about the retail bond offer and choose those that best suit your individual savings plans, says Jurand Drop, Undersecretary of State at the Ministry of Finance.
In June, the interest rate on 1-year floating-rate loans based on the NBP reference rate will be 4.00%. , and 2-years 4.15 percent. in the first monthly interest period. The interest rate on 3-month fixed-rate bonds will be 2.00%. per annum, and 3-year ones 4.40 percent
The remaining bonds will bear interest in the first annual interest period as follows: 4.75%. 4-year and 5.35 percent 10 years old. In turn, 6- and 12-year family bonds intended for beneficiaries of the “Rodzina 800 plus” program will bear an interest rate of 5.00%. and 5.60 percent in the first annual interest period.
Bond margins also remain unchanged
The interest rate on 1-year and 2-year bonds changes monthly. 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 June is 0.00%. for 1-year bonds and 0.15 percent for 2-year-olds.
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 2.00%.
The preferential margins for family bonds also remain unchanged, the interest rates of which are calculated according to the same principles as in the case of 4- and 10-year bonds and amount to 2.00%, respectively. for 6-year bonds and 2.50 percent for 12-year-olds.
The government encourages bond conversions
— The offer of retail treasury bonds allows you to choose savings products to take maximum advantage of their advantages. Worth emphasizing is the convenient possibility of exchanging “old” bonds for “new” ones, with financial benefits. All that is needed is for people who have “old” bonds, which mature in June, to submit an instruction to exchange them for “new” ones, and on the day of redemption, the conversion will be carried out automatically. This way, our clients do not lose a single day and can additionally benefit from the lower price of new bonds – argues Minister Drop.
* the growth rate of prices of consumer goods and services, adopted for 12 months and announced by the President of the Central Statistical Office in the month preceding the first month of a given interest period.
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Ministry of Finance
The government has large borrowing needs, the situation on the financial markets is tense and the yields on treasury bonds are high, so the Ministry of Finance strongly wants individual investors to contribute to financing the borrowing needs. A large part of the securities matures, so the Ministry of Finance will have to convince investors to “roll over” the debt (this also applies to individual ones). Net borrowing needs in the Budget Act were estimated at PLN 423 billion.
Therefore, the ministry reminds that from May 26, you can purchase a new issue of treasury bonds by way of exchange. Holders of bonds redeemed in June can take advantage of the option of automatic exchange of redemption proceeds for new bonds. In exchange, the purchase takes place at a lower pricethanks 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 for the investor.
Here are the main features of swapping existing bonds for new ones:
- lower price – when you decide to switch, you can buy new bonds cheaper – you will receive a discount, this is your additional profit (does not apply to switching to 3-month OTS bonds),
- comfort and convenience – just place an order and the money you have already accumulated will continue to earn money and will be protected against inflation,
- updating your savings plan – a chance to change the type of savings bonds you have chosen so far to ones that are more advantageous for you,
- savings are constantly growing – the day of redemption of old bonds is the day of purchase of new bonds,
- no fees or commissions.
