Poles behind in saving for a rainy day

BGŻ Optima bank has released a report on Poles' saving habits. The average Pole's saving account deposit amounts to PLN 14,300. Unfortunately, the savings are not very balanced with 10 percent of all Poles holding 50% of the savings. The increase in savings could also be higher, said Piotr Grzybczak of BGŻ Optima. Poles save at a rate of three to five percent, while in Germany the savings rate is at 10 percent. Poles use savings accounts and deposits rather than investments funds to save their money. The average Pole's financial assets on hand are only one-fifth of European Union citizens' average, as reported by IAR. "Last year in Poland, assets were €8,600 per capita, while in Germany it is close to €63,000. At the current rate, we will catch up with our neighbor in 31 years," said Grzybczak.