Poles seek safer ways to protect capital

In September, average prices for goods and services were more than 17 percent higher than a year earlier. The rate at which the price of goods and services is rising is thus the fastest in more than 25 years. Consumers are therefore trying to invest their accumulated savings to at least partially save their purchasing power. The most popular ways are bank deposits and the purchase of retail bonds, whose offerings have expanded this year. The Finance Ministry has also once again raised interest rates on Treasury securities.

"Interest in bank deposits increased in the spring, but June was a record month in this regard. Poles put as much as PLN 24 billion into bank deposits in one month alone. It is worth noting here that this was the highest result since the National Bank of Poland has been collecting data on the subject since 1997," Anna Serafin of Totalmoney.pl said.

"Currently on the deposit, the profits are noticeable and much higher than just a few months ago, so it is worth taking advantage of this opportunity because the risk of losing money on the deposit is negligible, and setting it up is trivial," she added.

(Newseria)