Compare Savings Accounts in Romania

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20 live offers compared from 10 providers, from RON 0. Updated daily.

What is a savings account in Romania?

A savings account (cont de economii) is a flexible bank account that pays interest on your balance while letting you add or withdraw money when you need it, unlike a fixed deposit that locks funds for a set term. It is designed for an emergency fund or short-term goals where access matters more than the top rate. Interest is usually calculated daily and paid monthly, in lei or sometimes in euro.

How the Romanian market works

Savings accounts are offered by banks supervised by Banca Naţională a României (BNR). Rates move with the broader interest environment and are typically lower than fixed deposits because of the flexibility. Some banks pay a higher promotional rate for the first months or above a certain balance, and a few app-first providers offer competitive vaults. Interest earned is subject to Romanian tax rules, with the bank often handling withholding.

Benefits

Instant access — withdraw for emergencies without breaking a term or losing accrued interest.

Interest on idle cash — your buffer earns something instead of sitting in a zero-rate current account.

No fixed commitment — top up or draw down freely as your budget changes.

Digital control — open and manage the account in-app with banks like ING or Banca Transilvania.

No fixed commitment on amounts — save irregular sums whenever you have spare cash, with no minimum monthly contribution.

How to choose

Look at the annual interest rate but read the conditions carefully: some rates apply only up to a balance cap, only for an introductory period, or only if you avoid withdrawals that month. Check whether withdrawals reduce the rate, if there is a minimum balance, and whether the account is in RON or EUR. For pure flexibility, prioritise no penalties and easy app access; for higher returns on money you can lock away, compare against a fixed deposit instead.

Leading providers in Romania

ING Romania, Banca Transilvania, BRD – Groupe Société Générale, Raiffeisen Bank Romania, Garanti BBVA Romania, CEC Bank and Libra Internet Bank all offer savings accounts, and Revolut provides savings vaults for its Romanian users. ING and Banca Transilvania are popular for slick mobile management, while Garanti BBVA and Libra sometimes lead on headline rates for balances held with them.

What it costs

Savings accounts in Romania generally carry no monthly fee, and there is no cost to open one. The relevant number is the interest you earn, which is lower than on fixed deposits in exchange for instant access. Watch for tiered or promotional rates that step down after an introductory window or above a balance threshold, and remember there is no fee to open or hold the account. Any interest is taxable under current Romanian rules.

Protections and regulation

Deposits held in savings accounts at Romanian banks are protected by the Fondul de Garantare a Depozitelor Bancare (FGDB) up to the equivalent of 100,000 EUR per depositor per bank. The banks are supervised by BNR. Funds held in fintech savings vaults may be safeguarded differently depending on whether the provider is a licensed bank or an e-money institution, so confirm the guarantee that applies before depositing large sums.

Common questions

Can I withdraw anytime? Yes; that flexibility is the point of a savings account versus a fixed deposit.

Is my money guaranteed? Bank savings are covered by FGDB up to 100,000 EUR per bank.

RON or EUR? Both exist; RON rates are usually higher, while EUR suits those saving in euro.

Savings account or fixed deposit? Choose a savings account for instant access and a fixed deposit for a higher, guaranteed rate on money you can lock away.

Savings Accounts in Romania — FAQ