That’s how much money the Germans hoard in their bank accounts

The Germans have a total of around 2.7 trillion euros in their bank accounts. This is the best in Europe. The bottom line is a sum of money per person of over 31,000 euros. In five European countries, however, the deposit volume per capita is higher.

Around 2.7 trillion euros: That’s how much money Germans have in total at their banks in overnight money, fixed-term deposits and current accounts. In a European comparison, Germany is at the top. That comes from one Evaluation of the comparison portal “tagesgeldvergleich.net” with reference to the data of the European Central Bank (ECB).

Bank account: That’s how much money Germans have in call money, fixed-term deposits and giro accounts

However, Germany also has significantly more inhabitants than other European countries. If you look at the deposit volume per capita, however, a slightly different picture emerges. Because on average, Germans have 31,951.76 euros per person at their banks.

However, this puts Germany only in fifth place. Because in five other European countries, the deposit volume per capita is higher. According to the revaluation, people in Austria, Belgium, Luxembourg, Malta and the Netherlands have more money in their banks on average.

Deposit volume per capita: leader Luxembourg

Luxembourg has the highest deposit volume per capita at around 115,000 euros. At first glance, this seems relatively high. But as in Germany, it also applies to all other countries that a few outliers can distort the average value upwards.

In concrete terms, the deposits of the super-rich are also included in the calculation. Incidentally, the European average of the deposit volume per capita is 26,257.76 euros. Meanwhile, Latvia brings up the rear in terms of reserves. According to the data, the deposit volume per capita there is EUR 5,773.67.

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