lose deposits and inflation: money put to the bank lose their value.
The banks kept the Poles in late February 431.3 billion zł - according to figures from the Financial Supervision Commission. Most of the money, unfortunately, they lose value.
lowest interest rates on investments 3 - and 6-month bank currently offers Pekao. The real return on deposits there is slightly more than 2 percent. Recorded current level of inflation is higher than doubled, because is 4.3 percent. But not only does not protect Pekao savings from the effect of price increases, because actually most of the deposits in Polish banks bring real losses for investors.
- If inflation remain at current levels, this is just the interest rate above 5.3 percent. protect our economy from falling value - says Michael Sadrak the Open Finance.
on the market are only four such deposits for 3 months and 9 for half a year. Give the highest percentages of those financial institutions that are just building their deposit base, which merits, Santander and Bank of Postal and its banks Leszek Czarnecki, so Getin, ideas, or recently bought Allianz. Postal Bank has recently proposed an investment of 6 months of daily capitalization and nominal interest rate of 4.81 percent. (Which can be compared from 5.8 percent. on deposit subject to taxation). Increases the half-year deposit Alior Bank also introduced, but the growth rate of 4 to 4.35 percent. can only protect against the fall in the value of savings would not guarantee any profits. Even such protection does not give the new deposit to the daily capitalization, which recently introduced to offer mBank and Multibank (BRE Group).
Recently, however, were also reduced. The substance of the Bank's interest rate on 3-month deposits fell from 4.51 to 4.39 percent., And FM Bank from 4.5 to 4.1 percent. (Ie deposits with the daily capitalization).
Longer deposit, if only for a year or two years, in the present situation, economists are reborn.
- The banks can not see if the effects of rate hikes in the NBP, but it is expected that over the next weeks or months the interest rate rises. For this reason, we refrain from depositing savings for long periods - says Wojciech Bankier.pl Boczoń the site.
Since the beginning had already been two interest rate increases in the NBP, a total of 0.5 percentage points. But this is not the end. The March jump in inflation increases the likelihood of further increases in the central bank, even by a total of 2 - 3 pp. in this and next year.
The increase of this scale, even the largest banks now have excess cash, will have to react to an increase in interest rates on deposits. Then the person who will wear today, investment in the long run, will not benefit from higher interest rate. Only when the NBP stifle inflation and interest rates on deposits will be higher than at present, the deposits can be realistically earn and it will be profitable as long assumed deposits. This will not happen soon, however, because the bankers surveyed by Pentor and the Association of Polish Banks provide that at the end of 2011 inflation will amount to 4.17 percent., which is slightly lower than at present.
factor that may further reduce the profit out of the projected annual investments are planned by the Ministry of Finance, changes to the Tax Code, which will affect the daily deposits to the capitalization of interest.
- Everything seems to indicate that from January 2011 will no longer be possible to avoid the 19-percent. Belka tax on overnight deposits - said Michael Sadrak.
Fiskus wishing that that amount of tax payable were rounded up for a game, not so far to 1 zł. The present method rounding to avoid paying the tax if the daily return of the deposit does not exceed 2.49 zł. Therefore, deposits with the daily market capitalization of currently projected to be only until the end of December, because after that date will have to pay tax on them beams. Do not change the fact that the greatest gains at the daily deposits give capitalization (all of the first "10" best of deposits).
- Until changes in the way tax is calculated, nothing will change and most profitable investments will be one day - says Jarosław Sadowski of the Expander. Even
PKO BP does not exclude the possibility that if bank deposits are odpływały, the end of the year will introduce a daily deposit of capitalization. The real response to the announcement day treasury liquidation of investments, however, is the proposal of Getin Bank and the Idea Bank. They introduced a deposit, for which the interest rate is to remain resistant to changes in tax legislation. They offer interest rate of 4.86 percent. capitalization and daily interest. In the case of entry into force of amendments to tax laws that may require removal of 19-percent tax, banks agree to raise deposit interest rates to 6 percent. per year to gain the client is not changed. For now, the first such proposal in the market.
Other types of deposits are best found on the Internet. Many banks set interest rates on deposits in this way is about 0.1 - 0.2 percent. higher than the contracted deposits at a branch bank.
difficult to find such investments, which give a real profit. The March jump in inflation was rather a one-off, but even at the price growth rate below 4 percent. profitability of the best investments is close to zero or even negative.
What's more, most of us, as a real return on investment, taking account of inflation calculated by the CSO. It seems obvious, but you have to realize that in practice each of us has a different level of inflation. Wealthy person should assume that "their money" grow more example because of the greater share of fast drożejących fuel purchased in the basket of goods.
coming months will bring increased promotion of deposits with the daily market capitalization of interest. However, the shorter the investment, the less we should be excited at stake - the amount of interest on deposit 3 - or 6-month-old will not be high. We must also watch out for investment promotions progressive, where the successive periods of the deposit we have another bid interest rates - banks advertise only the best. Traditionally
should look for banks that want to fight for money from clients - mostly they are coming to market institutions that want to expand lending.
level of interest rates set by the MPC is less important, if the council did not surprise the market in significant increases. I think there will be "inflationary panic" and wait for developments. While the increase in interest rates is inevitable. At this time, the market expects that the first 9 months of 3-month WIBOR be at 5.25 percent. (4.3 per cent. present). If we do so, you may want to negotiate with the bank that the interest rate was dependent on the index (as in the case of 3-year retail bonds). Yours cordially
Matthew Szczepanik
Technical Analyst Financial Markets
Mateusz.szczepanik1 @ vp.pl
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