Instead of keeping money “on a mattress” or in a checking account, it is better to invest it, even if the interest rates may be lower than the rate of inflation. There are several options in July, given that the government continues to list Fidelis government securities on the exchange (subscription starts on Monday). At the same time, there are also bank deposits.

(Treasure for July-August has not yet been announced)

If you are a risk averse person, you are probably looking at these products.

You look at inflation first before looking at the offers. BNR estimates inflation at 4.7% at the end of the third quarter of 2024.

So, if you want to invest 5,000 lei, you should have a profit of at least 235 lei to beat inflation.

If we look at the offers since July, interest rates are beating inflation (note that there are still bank fees and income tax).

At the same time, you have to consider the money you have. If you want to subscribe to Fidelis, you must have at least 5,000 lei or 1,000 euros. Now there is also an installment dedicated to blood donors, the minimum cost of which is 500 lei.

*Offers from warehouses are taken from the Finzoom.ro platform

1 Year Investment: Banks vs. Fidelis

Banks offer interest rates from 5 to 8.05% per year, but be careful, some of them have high fees that “eat” your earnings. Thus, the real profit is 117 – 362 lei. This is after income tax.

We mention the tax because government securities are not taxed and CASS is also not paid (if you have large amounts, you need to submit a tax return on deposits and pay a contribution to medical care in the amount of 6-12-24 minimum wages).

Fidelis for 1 year is offered with interest rates of 6.3% and 7.3% (the latter for blood donors: they have one percentage point more).

Thus, the profit for 5000 lei is 315 lei – 365 lei. As I said above, blood donors have a lower threshold. So I can also invest 500 lei and with this amount the profit will be 36.5 lei.

Deposits against Fidelis for 3 years in lei

Banks offer 7-8% interest for 3 years, which is a real profit of 709 – 1080 lei (accumulating for 3 years) for 5000 lei deposited.

At Fidelis, the government offers an interest rate of 7.2% per year, which would mean 1080 lei (you will receive 360 ​​lei every year).

Euro in the bank or in the state?

Banks offer low interest rates on deposits in the single European currency. For €1,000 per year, the offer is 1.75 – 3.05%, which means a real profit of €8.44 – 22.4.

For 3 years offers 1.5 – 3.5%, resulting in 10.2 – 94.6 euros.

* These amounts are after commissions and income tax.

The government has two euro issues, one for 1 year with an interest rate of 3.85%, which is a profit of 38.5 euros (per 1000 euros invested). The other is for 5 years and offers 5.45%/year, which means a total of 272.5 euros.

Many Romanians invested in Hidroelectrica’s listed stock market, and because it was oversubscribed, they got some of their money back. Perhaps some people, having opened trading accounts with brokers, invest certain amounts in government securities. It should be borne in mind that there are also titles from previous releases on the exchange, and some offers may be considered.

For the more risk-averse, there are always stocks, corporate bonds, mutual funds, and other types of instruments, but you have to learn about them first. Don’t invest in something you don’t understand.