DEPOSITS
Term deposit

What are the benefits of a term deposit?

- Additional revenues: for the amount saved you benefit of a fixed and advantageous interest rate.

- Flexible: you can save for a period at your choice - between 1 month and 4 years.

- Interest payment: the interest is paid either when the deposit matures (for deposits with a term of 1 month to 2 years) or is paid monthly in advance (for deposits with a term of 2, 3 or 4 years).

- Free of charge: the opening of the deposit is free and is done by transferring the amount you want to save from your current BRD account or you can also open it while being home via YOU BRD mobile and internet banking service.

- Automatic renewal: with or without the interest capitalization. If you do not choose the automatic renewal option, the accumulated amount (including the interest) is automatically transferred into your current BRD account, on the due date of the deposit.

• Partial payments and withdrawals from the deposit account, intra and interbank withdrawals and subsequent cash deposits to the deposit account are not possible
• Withdrawal of any amount from the deposit prior to maturity will result in the deposit being closed and the deposit being remunerated at a deposit rate equal to the spot interest rate used at the time the deposit is closed.

- Interest tax regime

In accordance with the Romanian tax legislation, the Bank is obliged to withhold at source the tax on interests paid to its Private Individuals customers - resident or non-residents for tax purposes in Romania - as well as to its Legal Entities - non-resident for tax purposes. The tax is calculated and withheld at the time of interest payment and subsequently transferred by BRD to the National Tax Administration Agency ("ANAF"). The applicable tax rates are as follows:

- 10% of the gross interest for Individual customers, resident in Romania, in the EU or in countries with which Romania has concluded double taxation conventions;

- 16% of the gross interest rate for clients who do not fall under the above conditions.

Starting with 2023, Individuals may additionally owe CASS (social security health contributions) at the rate of 10% for interest income, if the amount of this income, together with the non-wage income from other activities (e.g. income from self-employment/ intellectual property rights/ other sources/ assignment of the use of assets/ investments - such as dividends, gains from the transfer of securities etc.) exceeds the equivalent of 6 minimum wages (currently). This contribution is paid directly by the Individual beneficiary after the completion and submission of the Single Tax Return on income tax and social contributions directly to ANAF.

BRD does not offer tax advice to its clients, the above details are for general information purposes only. For further details, please contact the tax authorities directly.

Applied interest rates

- A bonus of 0.50% is granted in addition to the standard interest rates granted in BRD agencies for term deposits in RON (1 month, 3 months, 6 months, 12 months maturities) opened using the Internet and Mobile Banking App YOU BRD.
- A bonus of 0.50% is granted in addition to the standard interest rates granted in BRD agencies for term deposits in EUR (1 month, 3 months, 6 months, 12 months maturities), opened using the Internet and Mobile Banking App YOU BRD.
- A bonus of 0.50% is granted in addition to the standard interest rates granted in BRD agencies for term deposits in USD (1 month, 3 months, 6 months, 12 months maturities) opened using the Internet and Mobile Banking App YOU BRD.