Household deposits in Montenegro stood at 3.4 billion euros at the end of September, up 361 million euros, or nearly 12%, from a year earlier, Central Bank of Montenegro representative Milena Dakić said. She said the rising trend confirms citizens’ confidence in the banking system and shows they view savings as an element of financial security.
Demand deposits totalled 2.8 billion euros, equal to 83% of household deposits, while term deposits amounted to 576 million euros, or 17%, according to the figures. The breakdown shows that most household deposits were held in accounts that can be accessed on demand.
Average savings were about 5,500 euros per resident, equivalent to around 22,000 euros for a family of four. Interest on demand savings was 0.02%, while rates were higher on longer-term term deposits.
The Central Bank and commercial banks in Montenegro organised Savings Week, which ended on 6 November 2026. High day-to-day costs make it harder for people to save, and the amount they can set aside depends on their income and living expenses. Small, regular savings can be an initial step towards financial security.
Economist Jovan Rabrenović said a family on an average salary would find it very difficult to save. He said households could still set aside at least small amounts to test and assess how much they are able to save.
Rabrenović also said the state should start saving first and show citizens how to do so through its example. He said responsible behaviour by the state would influence citizens, while household saving remained constrained by earnings and living costs.
