What other saving options are there besides deposits or savings accounts?

Knowledge of other savings products besides classic deposits is the key to smart saving. Unfortunately, Romania is among the last places at the European level (also) in this regard. 🙁 

There are 3 simple saving options that you can consider:

❶⠀Voluntary private pension funds – pillar III: the saved amounts are tax deductible up to 400 euros/year, and the monthly contribution can be stopped or resumed depending on each person's option; moreover, the yield is very good if we think about long-term saving, of 15-25-30 years, the yield is capitalized.

❷⠀Investment funds: they have two major advantages – high liquidity, meaning you have access to money anytime and returns above the levels offered by deposits. Monthly deposits can be made in BTAM funds, through BT Direct Invest.

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