European households have 10 trillion euros of savings sitting in low-yield bank deposits.

Omissions

• The claim does not specify the data period; the European Commission's 'around €10 trillion' figure dates from its March 2025 Savings and Investments Union communication and is based on data available at that time.
• The Commission uses the qualifier 'around' €10 trillion, not an exact 10 trillion, indicating an approximation.
• Total EU household deposits — including higher-yield term deposits — may be significantly larger: the European Fund and Asset Management Association (EFAMA) reported EU household cash and bank deposits at €13.94 trillion in 2022, suggesting the €10 trillion figure likely refers specifically to low-yield sight and savings deposits rather than all deposit types.

Sources

• PrimaryEuropean CommissionThe EU is equipped with a talented workforce, innovative companies and a large pool of household savings of around €10 trillion in bank deposits, which often earn low returns.
• PrimaryEuropean CommissionAbout 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and easy to access but usually earn lower returns than capital market investments.
• SecondaryEFAMA (European Fund and Asset Management Association)European households increased their holdings of cash and bank deposits from EUR 10,260 billion in 2015 to EUR 13,944 billion in 2022.