Savings in low-yield bank accounts are being steadily eroded by inflation.
92% confidence
EconomyEuropean Union
Omissions
The 10 trillion figure refers specifically to bank deposits, which represent about 70% of total household savings in the EU
The European Commission announced this figure in March 2025 as part of the Savings and Investments Union strategy
The MEP could not have known the March 2025 Commission sources at the time of the March 2026 speech, but the underlying data from ECB and other sources from 2024-2025 supports the claim
Deposit rates vary by type and duration, with some term deposits offering higher rates than overnight deposits