Polish 2-year DOR savings bonds: rates, interest, early redemption

When the interest arrives

1. 1After month 1: 0.35 zł per bond.
2. 2After each later month: interest on 100.00 zł at the rate announced before the month begins (NBP reference rate + 0.15 pp).
3. 3After month 24: the last interest together with 100.00 zł back.

The payment falls on the last day of each interest period: the same day of the month as the purchase, or the month's last day when it has no such day. When that is a Saturday or a public holiday, the money arrives the next business day.

Early redemption

• The order can be placed 7 days after the purchase, and no later than 20 days before maturity.
• Interest runs for 5 business days after the order, and the money arrives the business day after.
• In the first month the fee is at most the interest accrued: you never get less than 100.00 zł.
• From the second month 0.70 zł per bond is deducted in full, even when less interest has accrued, so the payout can be below 100.00 zł.
• No order can be placed on the day the right to interest is fixed, 5 business days before the payment.