Savings account
Atucont

What does Atucont offer you?

- You can deposit money, you can receive money intra and interbank, you can withdraw cash and transfer money into your current account within processing time limits

-  Interest paid in the account on a quarterly basis

-  Free banking operations: account opening, account closure, cash deposits, intra and inter-banking collections, transfers into your current account at BRD

-  You can opt for standing orders service; in this way you can save monthly, automatically transferring a part of your salary

- 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.

Interest calculator

_{Please find an interest calculation example here.}

Applied interest rates