All Offers from Alior Bank
1.03 %
3 years EUR Go to offer
0.94 %
2 years EUR Go to offer
0.90 %
1 year EUR Go to offer
0.75 %
6 months EUR Go to offer
Alior Bank

Alior Bank is a Polish retail bank with headquarters in Warsaw. Since its foundation in 2008, the number of customers has risen to over 3 million. With 6,500 employees and an extensive retail network consisting of 216 branches, 219 modern mini branch locations (Alior Bank Express), as well as 414 partner branches, Alior Bank is considered one of the most innovative and fastest growing financial institutes in Poland. Numerous awards serve as testament to Alior’s success, including ‘Best European Retail Bank 2014’, selected by the jury at ‘Retail Banker International’. Other such examples include ‘Best Bank in Poland 2014’ (awarded by Global Finance) and the ‘BAI-Finacle Global Banking Innovation Award 2013’.

In December 2012, Alior Bank made history with the largest IPO of a private company ever to be made on the Warsaw Stock Exchange. Since March 2014, the bank has been listed on the WIG20 Index, which lists the twenty largest Polish companies on the Warsaw Stock Exchange in terms of market capitalization.

About Poland

The Republic of Poland is located in central Europe and has been a member of the European Union since 2004. The national currency is Zloty (PLN). Poland consistently ranks in the top tier of lists measuring Gross Domestic Products and purchasing power, as well as on the Human Development Index. National debt is amongst the lowest in the European Union and is, as an example, considerably lower than German national debt. The three main rating agencies all currently give Poland an Investment Grade Rating ‘A’. Ongoing privatization, foreign investment, and major reforms have all fundamentally reshaped the Polish capital market and have helped to create a modern banking system.

Country rating  A2
Moody's, As of 21. Oct 2016
Interest Information
Effective rate
1.03 % p.a.
Nominal rate
1.05 % p.a.
3 years (No automatic renewal)
Early termination possible anytime
Interest in case of early termination
Interest rate p.a. (Before withholding tax)
< 1 year
0.00 %
> 1 year
0.70 %
3 years
1.05 %
Interest payout
At maturity
Interest taxation
At maturity
Important information
The interest rate (1.05%) is nominal. Interest is paid (3 x 1.05%) only at the end of the term of the deposit and without compound interest calculated. This corresponds to an effective interest rate of around 1.03% p.a.
Product Details
Deposit guarantee
100% – Deposit guarantee Poland
Min/Max investment amount
10,000 – 100,000  EUR
Prolongation is only possible 28 to 5 days before termination
100% online
Prolongation Possible
Interest payout possible
Withholding tax
The standard withholding tax rate on interest in Poland is 19%. This can usually be lowered by providing the bank with a certificate of tax residence. The exact lowered withholding tax rate will depend on your country of residence.
Additional documents
Alior Bank requires no additional documents in order to open a high interest deposit account other than the ones requested by Raisin during the application process. Customers who have previously opened a savings account with Alior Bank will not be required to provide further documentation, the process can be completed entirely online.
Deposit Gurantee at Alior Bank

Deposits with Alior Bank are fully protected for amounts up to the equivalent of 100,000 Euros in Polish Zloty by the Deposit Guarantee Scheme of Poland (Bankowy Fundusz Gwarancyjny), backed by the Polish state. This protection covers the deposits of all individuals, not just Polish citizens. Polish national debt, currently at 51% of GDP (as of 2014), is significantly lower than other central European states, including Germany (with a national debt of 75% of GDP). Further information about the Deposit Guarantee Scheme in Poland can be found at

All Member States of the European Union have agreed on the need to better protect savers. Throughout Europe, the minimum requirements for national Deposit Guarantee Schemes were harmonized a number of years ago (EU Directives 94/19/EC, 2009/14/EC, and 2014/49/EU). These Directives provide a standardized, high level of protection of deposits across the EU regulating, among other things, repayment modalities and repayment deadlines.

Frequently Asked Questions
At Raisin, you can choose attractive deposit offers from European banks – online and from the comfort of your home. This is how it works:  
  1. Open a Raisin Account with Keytrade Bank via To successfully open the account please complete the registration process online. Additionally, we will ask you to provide a copy of a valid ID document and transfer 10 cent to Keytrade from your personal account that was specified during registration. You will then receive your personal login details by post and will be able to transfer funds to your Raisin Account.
  2. You will then be able to choose a deposit product from one of our partner banks in Raisin’s Online Banking System and submit the required documents. The opening of the deposit account as well as the transfer of funds to the partner bank occurs automatically. All important documents will be posted to your electronic mailbox in the Online Banking System.
  3. At the end of the agreed term, the partner bank will transfer the funds including accrued interest (less withholding tax) back to your Raisin Account unless you choose to prolong your term deposit, which you can easily arrange in the Raisin Online Banking System. Please note that you will only be able to prolong your term deposit.
Please note that it usually takes around 5 business days to open the term deposit account after we have received the necessary documents along with the funds.
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For a term deposit, both the repayment of the investment as well as interest payments are contractually guaranteed because neither the investment nor the interest payment are subject to price risk or interest rate risk. As long as the term deposit is made in EUR, there will be no exchange rate risk if your savings are made in EUR. An exchange rate risk might only occur if a term deposit is made in a different currency to Euros. An insolvency risk of the bank remains, but this risk will be protected by the respective national deposit guarantee scheme. Normally, you cannot access funds invested in your term deposit prior to maturity. However, Raisin also has products available that allow for early termination without any penalty fee – please note that in the case of an early termination, the interest rate might be reduced or could be excluded altogether (made void or cancelled). Another advantage is the guaranteed interest you will receive on the term deposit, especially when comparing it to an overnight account. For an overnight account, a variable interest rate applies. For a term deposit, the pre-agreed interest rate remains unchanged for the entire term. In addition, you benefit from the fact that all services provided by Raisin are free of charge. There are no fees for opening an account nor for maintaining the account. Furthermore, we bear all the costs incurred for international EUR transfers from your Raisin Account to the term deposit account as well as the charges for transferring funds from the term deposit account to the Raisin Account upon maturity. Only in exceptional cases, such as currency exchanges, may additional costs be incurred. Details can be found in the terms & conditions.
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The term of your chosen deposit starts once we have received all the required documents from you, the funds have been transferred to your term deposit account, and the partner bank has credited your term deposit. Since the documents are dispatched abroad, the opening of a term deposit may require a few days. Once the term deposit account has been successfully opened, you will be informed via ‘My Deposits’ and via the confirmation of the term deposit. You will also receive a notification via email indicating that you can now access the relevant documents.
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This is your decision, the next step depends entirely on what you decide is best for your particular situation. At maturity you can decide whether the funds will be credited to your Raisin Account or whether they should be reinvested for a further term, in which case the same term length and the interest rate valid at that time will be applicable. At maturity and upon retransfer of funds from your term deposit, you will receive a statement of the final account balance from the partner bank as a PDF document in your electronic mailbox in the Online Banking System. Of course, you are free to choose another term deposit at maturity and re-invest your funds. Further information about the term deposits of our partner banks is available on our website as well as in our Online Banking System.
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No. We would like to emphasize that at no point will Raisin make recommendations concerning specific products or partner banks. We do not know your personal and individual asset position nor the investment goals you are pursuing, and therefore we are in no position to provide such advice. We appreciate your understanding in this regard.
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The reference account, the bank account you specified during registration, is your normal current account (such as your salary account) held at a bank in your home country. This reference account is the only account that you can use in combination with your Raisin Account (both for incoming and outgoing payments). Transfers made from other accounts than the reference account will be rejected and automatically after 30 days send back to the originating account. The Raisin Account is a current account accruing no interest at Keytrade Bank, serving as your central online transaction account. When you select a deposit we will debit your Raisin Account and credit the respective amount to your Deposit Account. Deposit Accounts are accounts which accrue interest held with one of our partner banks. For each deposit product you choose, a new Deposit Account is opened with the respective partner bank. After creating the Deposit Account, the amount you wish to deposit will automatically be transferred from your Raisin Account. At maturity, you then have three options: you may either prolong the deposit, select an alternative deposit product, or the money will be automatically transferred back to your Raisin Account. Please note, that if you take no action, upon maturity, the amount deposited including interest (less withholding taxes if applicable) will be returned to your Raisin Account. There is no automatic rollover.
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Alior Bank SA with its seat at ul. Łopuszańska 38d, 02-232 Warsaw, Poland is registered with the National Court Register under no. (KRS): 0000305178. Alior Bank SA is authorized and regulated by Polish Financial Supervision Authority.
Your eligible deposits with Alior Bank SA are protected up to a total of EUR 100,000 by the Polish deposit protection scheme ( Any deposits you hold above the EUR100,000 limit are not covered. This communication has been authorized by Alior Bank SA.