Top 5 interest rates paid for savings accounts in euro

Ana Sabiescu, 8 Sep 2009

Romanian version

The majority of Romanian savers prefer to set up deposits in euro, feared by a sharper devaluation of the local currency, even though their incomes are in lei. However, despite National Bank’s repeated steps to reduce them, the interests paid by banks for euro-denominated savings accounts have remained extremely appealing. Wall-Street lists the five highest interest rates for the classic six-month deposits in euro with interest paid at maturity.

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5. Bank Leumi, Alpha Bank, Intesa Sanpaolo – 3.75%

Local subsidiary of Israeli-based Bank Leumi Romania offers a fixed interest rate of 3.75% for classic six-month deposits in euro.

Alpha Bank pays an interest of 3.75% for the six-month euro deposits. The interest is fixed until the deposit’s maturity, after which the bank applies interests in force at the respective time.

For students and pensioners, Alpha Bank raised the six-month saving accounts interest rate to 4%.

Intesa Sanpaolo offers a similar interest rate for the same class of saving accounts, of 3.75%, but requires a minimum balance of 1,000 euros, and maximum balance of up to 500,000 euros.

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