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Progresso deposit

Deposit
Progresso deposit

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Increase your earnings progressively!

The PROGRESSO DEPOSIT
Progressive interest saving product.

PROGRESSIVE INTEREST RATE

increasing quarterly, guaranteed throughout the agreement period

WITHDRAWING MONEY

you have the possibility to withdraw money without losing the interest for the previous concluded intervals

GRATUITIES

in banking operations

SAFETY

your savings are guaranteed through the Deposit Guarantee Fund for individuals, up to the limit established by the law

Benefits of Progresso Deposit

The Progresso deposit on 1 year (in LEI) or 3 years (in LEI or USD) allows you to save money, in accordance with your needs, while benefitting from a progressive interest rate from one interval to the next one, guaranteed by the contract until the end of the period.

Note: one interval = 180 days

Interest calculator

- The minimum required amount for opening a deposit is of LEI 500 or USD 500

- Attractive interest rate in LEI or USD: the interest rate increases on every interval and it is capitalized at the end of each 180 days interval

- Interest up to 5% p.y. for deposits in LEI, for amounts up to LEI 400.000

Withdrawing money: In case you need the amount saved before the due date of the deposit (1 year, 3 years), you can withdraw money without losing the interest related to the concluded intervals and the standard current account interest for the on-going interval

Automatic transfer: The amounts saved are automatically transferred from the deposit into your current account on the maturity date

- The Progresso deposit is available only in BRD branches.

  • 10%*, in the case of revenues obtained from interests by individuals resident in Romania;

  • 10%, in the case of revenues obtained from interests by individuals resident in a country member of the European Union or in a country with which Romania has concluded a Double Tax Treaty; at the same time, in this situation, if the non-resident customer presents a valid certificate of fiscal residence (valid at the date of interest payment), in original or certified copy, accompanied by an authorized translation into Romanian, the more favorable tax rate provided in the Double Tax Treaty becomes applicable;

  • 16%, in the case of individuals resident in a country that does not fall into any of the above-mentioned categories.

*starting with 1st of January 2018

General information note: For incomes obtained from investments realized starting with 2018, the taxpayers determine their tax obligations regarding the social contributions in accordance with the Fiscal Code’s provisions and with the instructions for filling in the 212 Form - Unique declaration on income tax and social contributions payable by Individuals. To establish your situation, please contact the Tax Administration office to which you belong.

Interest rates

See the list of commissions download
See the list of interest rates download