Knowing about savings products other than traditional deposits is the key to smart saving. Unfortunately, Romania is at the bottom of the European rankings in this respect. 🙁 

There are 3 simple savings options to consider:

❶⠀Pillar IIIvoluntary private pension funds: the sums saved are tax deductible up to 400 euros/year, and the monthly contribution can be stopped or resumed according to one's choice; in addition, the return is very good if we think of long-term saving, 15-25-30 years, the return is capitalised.

❷⠀Investment funds: have two major advantages - high liquidity, meaning you have access to money at any time, and returns above those offered on deposits. With BTAM funds you can make monthly deposits by BT Direct Invest.

❸⠀Government bonds: are the safest savings instruments with zero risk and good returns, usually above inflation. In addition, the tax on returns is ZERO. 😃