If you have decided to put money aside for big plans for the future or for unforeseen situations, choose savings accounts from OTP Bank and benefit from mobility, unlimited access to funds, favorable interest rates and many other benefits.
You save advantageously
in MDL, EUR, USD
You save in the long run
and have immediate access to funds
Flexibility in management
with deposits and withdrawals allowed
Your advantages
- You can open a savings account in MDL or currency (EUR, USD) with an interest higher than that applied to a current account
- You can increase your savings rate due to the capitalization effect of interest
- You have access to money at any time, without losing the accrued interest, provided you keep the minimum balance
- You can deposit money at any time, up to the maximum ceiling: cash at the counter or by transfer from your current account with OTP Bank
- Transfer money from your current account for free and in seconds, through OTP Internet and Mobile Banking
- Save automatically by activating scheduled payments (including OTP Internet and Mobile Banking)
- You have ZERO account opening and administration fees
- Keep your savings safe
List of savings accounts on offer
Universal
Currency: MDL
- Term: 1460 days
- Annual interest: up to 2.50% annually
- Interest payment: monthly
- Minimum amount: 200 MDL
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: USD/EUR
- Term: 1460 days
- Annual interest: up to 1.17% annually
- Interest payment: monthly
- Minimum amount: 10 USD/EUR
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
*The interest is calculated as an average rate for each level, according to the example in the Guide to opening a deposit account
Avantaj
Currency: MDL
- Term: 1460 zile
- Annual interest: up to 1.50% annually
- Plata dobânzii: trimestrial
- Minimum amount: 1 000 MDL
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: USD
- Term: 1460 days
- Annual interest: up to 0.20% annually
- Interest payment: quarterly
- Minimum amount: 100 USD
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: EUR
- Term: 1460 days
- Annual interest: up to 0.15% annually
- Interest payment: quarterly
- Minimum amount: 100 EUR
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
*The interest is calculated per balance limit, according to the example in the Guide to opening a deposit account
Sigur
Currency: MDL
- Term: 1460 days
- Annual interest: 2.00% annually
- Interest payment: monthly
- Minimum amount: 500 MDL
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
*can only be opened in bank branches.
Pensionar
Currency: USD
- Term: 1460 days
- Annual interest: 0.25% annually
- Interest payment: monthly
- Minimum amount: 10 USD
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: EUR
- Term: 1460 days
- Annual interest: 0.15% annually
- Interest payment: monthly
- Minimum amount: 10 EUR
- Maximum amount: unlimited
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
*can only be opened in bank branches.
Savings account for children
Currency: MDL
- Term: from the birth of the child up to the age of 18
- Annual interest: up to 2.00% annually
- Interest payment: monthly
- Minimum amount: 500 MDL
- Maximum amount: 1 mln. MDL
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: USD
- Term: from the birth of the child up to the age of 18
- Annual interest: up to 0.25% annually
- Interest payment: monthly
- Minimum amount: 50 USD
- Maximum amount: 10 000 USD
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
Currency: EUR
- Term: from the birth of the child up to the age of 18
- Annual interest: up to 0.15% annually
- Interest payment: monthly
- Minimum amount: 30 EUR
- Maximum amount: 10 000 EUR
- Deposits: allowed
- Withdrawals: allowed
- Account opening fee: free
- Account closing fee: according to conditions in force
*the product is intended exclusively for minors under 18 years of age.
*can only be opened in bank branches.
Deposit name
Deposit name
Currency
Duration
Amount
Deposit name
Interest rate
Period type (days)
Income per period
Total income
Final amount
Representative calculations for savings accounts in the offer, opened through OTP Internet and Mobile Banking. For savings accounts opened in OTP Bank branches, the reduced interest rate will apply. For detailed calculation examples, please refer to the Deposit Account Opening Guide.
FAQ
How can I open a deposit account?
- Come to any branch
- Open your deposit remotely via the OTP Internet and Mobile Banking app
To open a deposit via OTP Internet/Mobile Banking application, follow the steps below:
Step 1: Select the "Warehouses" option from the application menu
Step 2: Press the "+" button at the bottom of the screen to add a repository
Step 3: Select the source account from which you will transfer the money to the deposit account
Step 4: Select the deposit from the predefined list
Step 5: Enter the amount to be transferred
Step 6: Tick all the required boxes and authorise the transaction, after you have read the documents they refer to.
For more details, go to Information on Deposit Acceptance Conditions for Individuals.
What documents are required to open a deposit account?
In the case of account opening by the account holder in branches:
- Original identity document (identity card - residents, passport - non-residents).
- Other documents, as appropriate
In case of opening of a deposit account for an existing customer by an authorised person:
- Original identity card of the authorised person.
- Notarised document (power of attorney) attesting the person's authority to open the account, the deposit account and other documents required for opening accounts at the bank
- Other documents, as appropriate
What is the difference between a term deposit and a savings account?
- A term deposit is a bank product designed for savings, which is set up for a fixed period of time, without options to top up or withdraw cash.
- Savings account is a banking product for saving purposes that is set up for an indefinite period of time, offering the possibility of making additional deposits and withdrawals as required respecting the minimum and maximum balance.
What is the minimum amount to set up a term deposit or savings account?
The minimum deposit amount varies depending on the type of savings product selected.
For more details, see Information on deposit conditions for individuals.
When do I get interest on money in a savings account or term deposit?
Interest payments for term deposits are made monthly or every 30 days depending on the product selected.
Interest payments for savings accounts are calculated monthly or quarterly depending on the product selected, with interest transferred to the account on the first day of the month.
How is interest calculated on deposits and savings accounts?
General interest calculation method: (Deposit balance*interest rate*number of days)/365*100
Calculation example: (20 000*2,5*180)/365*100=246,58
Balance (lei) - 20 000 thousand lei
Interest rate - 9,5%
180 - term of deposit
365 - number of days in the year.
For more details, see Information on deposit acceptance conditions for individuals.
To which account is the interest transferred?
The interest calculated for term deposits is transferred monthly to the current or card account indicated when the deposit is opened.
Does the deposit automatically roll over on maturity?
The automatic extension option varies depending on the product selected.
Deposits opened through OTP Internet & Mobile Banking are not automatically renewed, at maturity the deposit balance is transferred to the customer's current account.
Is interest income taxable?
Under current legislation, banks, savings and loan associations and issuers of corporate securities withhold a tax of 6% on interest paid to resident individuals and 9,5% on interest paid to non-resident individuals.
For example, if the bank calculates an interest of 100 lei for a certain period, then the amount of tax will be 6 lei (100*6%) and 93 lei (interest minus withholding tax) will be transferred to the account.
How can I get information about my deposit accounts?
Information on deposit accounts can be obtained at the branch or via OTP Internet/Mobile Banking.
Interest rates on deposits and savings accounts
Other information
Information on the conditions for accepting deposits from individuals
Information on the Deposit Guarantee Fund for Individuals
Deposits of individuals are guaranteed up to the coverage level of 200 000 lei.
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