Poles massively change banks: How to regain control of their savings?

dailyblitz.de 1 week ago

In a planet of dynamic economical change, where inflation and rising interest rates become everyday, Poles are increasingly looking for ways to defend and increase their savings. Loyalty to 1 bank becomes the past. The latest study “Poles own portfolio: sparing like Pole” prepared by Santander Consumer Bank reveals that almost half of Poles actively transfer their funds in search of more favourable conditions. What does this mean for your finances and how can you usage this knowledge?

Revolution in Saving: Why do Poles change banks?

The data are unambiguous: until 49% of Poles decided to transfer its savings to another financial institution. This is simply a crucial signal of increasing financial awareness and an active search for profits. all 5th responsive (21%) does this regularly, and 28% – in exceptional situations, erstwhile there is simply a clearly better offer. The main driver of these changes is simple calculation: the desire to find a higher interest rate and maximise the possible return on the capital invested.

This mobility is not accidental. In an easy time to access information and tools comparing banking offers, Poles become more demanding. They realize that keeping all savings in 1 place without regular marketplace monitoring could mean losing the real value of money. It is simply a departure from a passive approach to active management of your portfolio.

Who wants to change the bank? Amazing Trends

Analysis of demographic data reveals interesting behaviour patterns. Turns out the most active in seeking better conditions are:

  • Seniors (over 60 years): As many as 51% of them decide to change. This is simply a generation that frequently has more savings and is aware of the importance of protecting capital from inflation.
  • Forty-year-olds (40-49): 50% in this group are besides actively looking for better offers. They are frequently people at the tallness of their careers who are reasoning about the future and financial security.

It is amazing that the youngest adults (18-29 years of age) decide to do so much little (37%). This may be due to lower savings, little experience in financial management, or simply little awareness of how much you can gain by changing the bank.

Interestingly, the place of residence does not play a major role. Both residents of large agglomerations (49%) and tiny towns (47%) besides frequently decide on changing the savings bank. This proves that access to information about offers is common and the desire to multiply universal capital.

Loyalty vs profit: Who remains faithful?

Despite expanding mobility, inactive a large group of Poles – 42% of subjects – it remains faithful to its bank, even erstwhile more attractive offers appear. This group is frequently dominated by women (49% of them declare loyalty to 34% of men). Why is this happening? Reasons may vary:

  • Comfort and habit: The bank change involves any effort (setting up a fresh account, changing the data to be paid, transferring fixed orders).
  • Lack of awareness: Not everyone regularly monitors the marketplace and compares offers.
  • Contentment of current services: any value client service, a wide scope of services, or another benefits offered by their current bank, which outweigh possibly higher interest rates.
  • No major savings: For those with small resources, the possible profit from the transfer may not compensate for the effort.

However, it is worth noting that even tiny differences in interest rates can translate into crucial amounts in the long term, especially with higher savings.

Growing financial awareness – key to better decisions

Experts agree: the increasing mobility of savers of Poles is simply a direct proof of the increase in their financial awareness. Magdalena Drążkowska, elder Product manager at Santander Consumer Bank, emphasises: “The accumulation of funds for the future requires a plan. More and more people are monitoring savings bids to place capital where there is the top possible for profit.”

What does that mean for you? First of all, that you have more and more tools and opportunities to consciously manage your money. knowing marketplace mechanisms, tracking interest rates and comparing offers are the foundation for effective savings. This increase in awareness is crucial in the face of economical challenges, specified as inflation, which systematically reduces the value of non-working money.

Self-management: Advantages and Cons

The study reveals another amazing fact: 79% of Poles have never utilized professional financial advisors. Only 16% got that advice for once. This indicates a strong tendency to make financial decisions on its own.

On the 1 hand, self-reliance gives full control and allows savings, eliminating advice costs. On the another hand, the complexity of financial products and rapidly changing marketplace conditions can be hard to full realize without professional support. Men (18%), 40-year-olds (24%) and mid-sized city residents (21%).

For the majority of Poles this means the request to gain cognition and devote time to marketplace analysis. Comparisons, financial blogs and authoritative websites of banks become the main sources of information that let for an informed decision on changing the savings bank.

How to effectively look for the best savings offers?

Since so many Poles decide on financial mobility, it is worth knowing how to do it effectively. Here are any tips:

  1. Monitor the marketplace regularly: Interest rates are changing dynamically. erstwhile a 4th or erstwhile all six months check out current investment offers and savings accounts.
  2. Use online comparisons: Many financial portals offer tools to rapidly compare offers of various banks.
  3. Note the conditions: In addition to the interest rate itself, check additional conditions specified as the duration of the deposit, the minimum and maximum amount, the savings account fee and the interest capitalisation conditions.
  4. Diversify savings: You don't gotta keep all your resources in 1 bank. Consider placing parts in a long-term investment and parts in a savings account with easy access.
  5. Remember inflation: Always compare interest rates with current inflation rates. Real profit is achieved only if the interest rate is higher than inflation.

Summary: Take control of your finances

The Santander Consumer Bank study clearly shows that Poles are becoming increasingly aware and active participants in the financial market. The trend towards the shift of savings is strong and indicates the increasing request to maximise profits in the face of uncertain economical circumstances. Whether you are a elder seeking a safe haven for your capital or a 40-year-old planning future, remember that your savings deserve the best conditions. Active financial management and readiness to changes in the savings bank It's the key to financial success these days.

The study, on which this study was based, was conducted by the IBRiS on 18-29 April 2025 on a example of 1,000 adult Poles, by telephone interviews (CATI).

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Poles massively change banks: How to regain control of their savings?

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