Compare Fixed-Rate Deposits in Romania

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20 live offers compared from 9 providers, from RON 0. Updated daily.

What is a fixed deposit in Romania?

A fixed deposit (depozit la termen) is a bank product where you lock a sum of money for a set period, from one month to a few years, in return for a guaranteed interest rate that is higher than a flexible savings account. In Romania these are a traditional, popular way to save because the rate is fixed for the term and the capital is protected. You can hold deposits in lei (RON) or in euro, with RON usually paying more.

How the Romanian market works

Fixed deposits are offered by all banks supervised by Banca Naţională a României (BNR). Rates depend on the term, the currency and the amount, and generally rise with longer terms. Deposits either renew automatically at maturity (with or without the accrued interest) or pay out to your current account. Breaking a deposit early usually means losing most or all of the interest, so it is money you should not need before maturity.

Benefits

Guaranteed return — the interest rate is fixed at the start and cannot fall during the term.

Higher rate than savings — locking the money rewards you with a better yield than a flexible account.

Capital protection — your principal is safe and covered by the deposit guarantee scheme.

Discipline — the term keeps you from dipping into savings earmarked for a goal.

Choice of term — pick anything from one month to a few years to match when you will need the money.

How to choose

Compare the annual interest rate for the term you want, and check whether interest is paid monthly, at maturity, or capitalised into the deposit so it compounds. Consider laddering several deposits with different maturities so some money frees up regularly. Confirm the minimum amount, the auto-renewal terms, and the penalty for early withdrawal. Decide between RON, which typically pays a higher rate, and EUR if you want to save in euro.

Leading providers in Romania

BCR (Banca Comercială Română), Banca Transilvania, BRD – Groupe Société Générale, Raiffeisen Bank Romania, ING Romania, CEC Bank, Garanti BBVA Romania and UniCredit Romania all offer fixed deposits. Garanti BBVA and CEC Bank frequently promote competitive rates to attract deposits, while the largest banks compete on convenience and the ability to open a deposit instantly in the mobile app. Smaller or newer banks sometimes offer the highest headline rates.

What it costs

Opening a fixed deposit is free; there is no fee, and the return is the fixed interest rate for your chosen term. RON deposits generally pay more than EUR ones, and longer terms usually carry higher rates. The main cost to be aware of is the loss of interest if you break the deposit early. Interest earned is taxable under current Romanian rules.

Protections and regulation

Fixed deposits at Romanian banks are guaranteed by the Fondul de Garantare a Depozitelor Bancare (FGDB) up to the equivalent of 100,000 EUR per depositor per bank, so even if a bank fails your covered savings are repaid. Banks are supervised by BNR. Because the guarantee is per bank, spreading very large savings across two banks keeps everything within the protected limit.

Common questions

Can I access the money early? Yes, but you typically forfeit most or all of the accrued interest.

Is my deposit safe? Yes; FGDB covers up to 100,000 EUR per bank.

Which pays more, RON or EUR? RON deposits usually offer higher rates than euro ones.

What happens at maturity? The deposit either renews automatically for the same term or pays the principal and interest into your current account, depending on the option you chose.

Fixed-Rate Deposits in Romania — FAQ