Poland's Ministry of Finance published its update on retail Treasury savings bonds, reporting total sales of PLN 5.35bn in December 2025 and PLN 74.9bn across 2025, and setting out the interest terms for bonds offered for sale from 1 to 31 January. December sales were led by 3-year bonds (TOS, PLN 1,715.3m, 32% of sales) and 1-year bonds (ROR, PLN 1,676.1m, 31%), followed by 10-year bonds (EDO, PLN 793.5m, 15%), 4-year bonds (COI, PLN 601.8m, 11%), 2-year bonds (DOR, PLN 249.1m, 5%) and 3-month bonds (OTS, PLN 206.2m, 4%). Family bonds for beneficiaries of the “Family 800+” programme (ROS and ROD) totalled PLN 109m in December, while 2025 sales by product were PLN 27,782.1m (3-year), PLN 26,549.0m (1-year), PLN 7,738.3m (4-year), PLN 5,598.2m (10-year), PLN 3,893.9m (2-year), PLN 2,306.5m (3-month) and PLN 1,040.9m (family bonds). The ministry also noted sales growth from PLN 3.2bn in 2015 to nearly PLN 75bn in 2025. For January, the ministry listed a 3-month fixed-rate bond at 2.50% per annum, a 1-year floating-rate bond at 4.25% in the first month then the National Bank of Poland reference rate plus a 0.00% margin, and a 2-year floating-rate bond at 4.40% in the first month then the NBP reference rate plus a 0.15% margin. It also set a 3-year fixed-rate bond at 4.65% per annum, and inflation-linked 4-year and 10-year bonds with first-year rates of 5.00% and 5.60% respectively, then CPI inflation plus margins of 1.50% and 2.00%. Family bonds (6-year and 12-year) were listed with first-year rates of 5.20% and 5.85%, then CPI inflation plus margins of 2.00% and 2.50%, and are available only to “Family 800+” beneficiaries and only through PKO Bank Polski.

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