Banca Transilvania is again increasing interest rates on savings products in RON and foreign currency for individuals and businesses. With increases of up to 2%, the higher rates are meant to support the financial security of Romanians. BT’s highest rates are on 1-, 2- and 3-year term deposits. The bank also raised rates on RON savings products for individuals and businesses in April this year.

New interest rates on RON deposits

For individuals:

• 1-month deposit: 4.75% (+0.75%)
• 3-month deposit: 5% (+0.65%)
• 6-month deposit: 5.50% (+1%)
• 12-month deposit: 6% (+1.25%)
• 24-month deposit: 6.75% (+1.9%)
• 36-month deposit: 7% (+2%)

BT has also adjusted the annual interest on the KidCONT savings account, which now pays 5% for 12 months after a 0.75% increase.

For businesses:

• 1-month deposit: 4.75% (+0.75%)
• 3-month deposit: 5% (+0.65%)
• 6-month deposit: 5.50% (+1.00%)
• 12-month deposit: 6% (+1.25%)
• 24-month deposit: 6.75% (+1.90%)
• 36-month deposit: 7% (+2%)

The full list of increased rates can be found on Banca Transilvania’s website, under the sections for individuals and companies. Details about savings and investment products are also available on the bank’s website, as well as on Intreb BT, the financial education platform, which includes answers to over 1,800 banking questions.