Average nest egg: This is how much money the average consumer has in their account

In the video: This is how much money should be in the checking account

How much money the average person has in their account depends, among other things, on their age. But what is considered normal?

Do you usually only have a few cents left in your account at the end of each month? Or are you one of those people who always have a certain amount left in their checking account as an emergency fund?

I always find it really exciting to find out how other people do with their savings in order to compare it with myself. That's why I was really interested in how much money in the account is now considered "normal" and what is clearly too little or too much.

First of all: There is actually an amount that could be described as “too much”. I'll tell you here why this is the case and how much the average German has in their account.

Also read:

Average account balance varies by age

According to oneDeutsche Bank surveyfrom the yearIn 2023, 16-24 year olds had an average of 1,400 eurosin the checking account, while it is with the25-34 year olds already 2200 euroswere.

BothFor 35-44 year olds, the account balance was 2,600 eurosand at the45-54 year olds at 3300 euros.

In the group ofFor 55-64 year olds the credit was 3100 euros and for those over 75 years old it was 4200 euros. However, these are only average values. What is “normal” is individual. In addition, the term is difficult to define in this context.

Ultimately, the average values determined do not provide any information about an individual's assets. Because many people only have an emergency fund in their checking account and additional savings in a fixed-term deposit account or current account. Others invest their savings in stocks or other assets.

And this is exactly the crux of why you can have “too much” in your checking account.Because the money in the checking account cannot work for you.You should put your savings where they will benefit you.

Either you put these into a fixed-term deposit account at a fixed interest rate or you temporarily put your savings into a current account. Here you can currently even receive interest of around 3% (as of November 2024).

Reading tips:

Tipp:Basically, you should park your emergency fund in a current account. Here you can access the money at any time and be on the safe side. Your daily income and expenses go through your checking account. Here you should calculate the minimum amount of money you need to leave in the account so that there are sufficient funds at all times.

Example: If more than 2,000 euros are never withdrawn from your account per month (feel free to build in a small buffer here), then you don't need much more money in your checking account. Of course you can add a few 100 euros. Exceptions are, of course, people who have highly fluctuating income and expenses.

But if you keep an eye on your expenses, it's enough to park your emergency fund in a daily savings account. Then think about where you invest everything above this amount. This can be a fixed-term deposit or a broadly diversified ETF.

You can find out more about salaries and income here:

In the gallery you will find 5 job facts that you definitely didn't know:

Right to days off to look for a new job.

If you have been terminated or are resigning yourself, you are entitled to paid time off for job interviews or other professional activities.

Right to a qualified job reference.

When your employment relationship ends, your employer must give you a written reference that assesses your performance and behavior on the job.

Right to privacy at work.

Your employer is not allowed to read your emails, check your browser history or listen to phone calls without your consent.

He is also not allowed to search your bags or closets without a good reason.

Right to participate in company parties.

If your employer organizes a company party, you don't have to sacrifice any vacation days or work overtime.

Participation in a company party is considered working time and must be remunerated accordingly.