Savings deposits (U.S. often also

thrift deposits): Deposits of private households with banks. As a rule, they are made to finance medium- and long-term projects or simply to earn interest. It is, of course, possible to immediately terminate savings deposits with legally fixed advance notice, albeit usually on even less favorable terms (prepayment penalty; compensation for early termination) than for term deposits. In other words, they have a very low liquidity ratio. However, because savings deposits could possibly also be converted into currency, monetary statistics focus on them. – See deposits, monetary values, account savings, savings mania, savings interest, interest calculation. – For the level of savings deposits, broken down by notice periods, see the annex “Euro area statistics,” section “Monetary developments, banks and investment funds” in the respective ECB Monthly Bulletin. as well as ECB Monthly Bulletin of September 2009, pp. 23 et seq. (Savings deposits during the financial crisis; overviews), Deutsche Bundesbank Monthly Bulletin of June 2013, p. 44 (Savings deposits of private households broken down).

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