Benefits

With the Idea::depo term deposits you are sure to make a good deal!

  • Attractive interest rates on your deposits, no matter the of the preferred savings currency: LEI, USD or EUR
  • ZERO fees: 0 lei deposit fee, 0 lei withdrawal fee upon maturity, 0 lei management fee
  • The possibility to open new deposits from the comfort of your home, without the need to actually go to the bank, using Idea::iBank
  • Idea::savings products are guaranteed by the National Deposit Guarantee Fund in the Banking System within the limits communicated by the Fund (100,000 EUR)

Features

Idea::depo, the term deposit that proves it was worth it upon maturity.

  • Minimum amount of the bank deposit: 500 lei, 300 EUR/USD/GBP, 500 PLN
  • Time period to which it may be established: 1, 3, 5, 6, 9, 12, 18 or 24 months
  • You have 2 options to collect your interest gain:
    • Collect it directly in your current account
    • Capitalize it (add it directly to the deposit)
  • You have 3 options available upon maturity:
    • Automatic renewal with interest capitalization, i.e. add the accrued interest to the amount you want to save
    • Automatic renewal of the deposit without interest capitalization
    • Liquidation of the deposit upon maturity, i.e. collect all money upon maturity
  • You can easily manage your savings and establish new deposits using Idea::iBank internet banking service
  • You are always up to date and informed on the maturity of your deposit via Idea::alerts SMS/e-mail alerts service

Interest

Idea::depo offers you the best deal for your savings.

In addition, the deposit interest rate is fixed, meaning will not change for the duration of the contract.

Currency Deposit amount 1 month 3 months 5 months 6 months 9 months 12 months 18 months 24 months
LEI < 50.000 0,90% 1,10% 1,45% 1,45% 1,70% 2,15% 2,25% 2,25%
LEI > 50.000 0,95% 1,15% 1,50% 1,50% 1,75% 2,20% 2,30% 2,30%
EUR < 15.000 0,25% 0,40% 0,65% 0,65% 0,90% 1,00% 1,15% 1,15%
EUR > 15.000 0,35% 0,50% 0,75% 0,75% 1,00% 1,10% 1,25% 1,25%
USD < 15.000 0,50% 0,60% 1,15% 1,00% 1,00% 1,20% 1,25% 1,25%
USD > 15.000 0,60% 0,70% 1,25% 1,10% 1,10% 1,30% 1,35% 1,35%
GPB any amount 0,70% 0,75% - 0,85% 0,90% 1,00% 1,00% -
PLN any amount 0,80% 0,75% - 0,70% 0,65% 0,50% - -
  • the interest rates in the table are per annum and valid as of 16.10.2017
  • standard interest rates for term deposits are valid for amounts up to 1 million EUR or equivalent/client.

Costs

Idea::depo comes with many cost benefits!

Deposit set-up fees:
  • Cash deposit fee: 0 lei
  • RON current account opening fee: 0 lei
  • EUR/USD current account opening fee: 0 lei
Fees during the deposit validity:
  • Deposit account management fee: 0 lei
  • Monthly current account management fee for a RON deposit: 3 lei
  • Monthly current account management fee for a EUR deposit: 1 euro
  • Monthly current account management fee for a deposit in a different currency: 1 monetary unit
Fees upon deposit maturity:
  • Cash withdrawal (liquidation) fee upon maturity: 0 lei
  • Deposit renewal fee: 0 lei

According to the law, interest income is subject to withholding tax, by applying the income tax rate (16%).

Useful information

Interest, documents, legislation

Starting from 21.03.2016, standard interest rates for term deposits are valid for amounts up to 1 million EUR or equivalent/client.

Idea Bank S.A. is a credit institution participating in the Deposit Guarantee Fund in the Banking System in Romania, up to the maximum threshold notified by the latter ( 100,000 EUR). More details here: www.fgdb.ro

Please find below the information for depositors according to the provisions of Law no. 311/2015 on deposit guarantee schemes and the Bank Deposit Guarantee Fund.

How to apply

To establish an Idea::depo term deposit you can either:

  • Visit one of our branches and take your ID card with you
  • Filling in the online form in this section, after clicking the Apply now button
  • If you are our client, you can set up a bank deposit directly from the Idea::iBank internet banking service.

Apply for Term deposit

We will get back to you in no time!