João Cotrim De Figueiredo· Renew

Confirmed

There are EUR 10 trillion in savings idle in European bank accounts

Omissions

• The figure refers to household savings in bank deposits specifically, not all savings in European bank accounts (which could include corporate deposits)
• The figure was first published by the European Commission in March 2025 as part of the Savings and Investments Union strategy announcement
• The 10 trillion figure represents approximately 70% of total EU household savings, with the remainder held in other financial instruments

Sources

• PrimaryEuropean Commission - Press Release IP/25/802The EU has a large pool of household savings of around €10 trillion in bank deposits
• PrimaryEuropean Commission - Savings and Investments Union NewsAbout 70% of household savings in the EU – worth €10 trillion – are held as bank deposits
• SecondaryEuronewsUp to €10 trillion in bank deposits across the bloc