Euro-area short-term deposits up 3.8% to July as savers chase yield

3.8% more sat in euro-area short-term time deposits in July 2026 than a year earlier, ECB data show, up from 2.8% growth in June. These are fixed-term or short-notice accounts, not instant-access cash. My take: savers are chasing higher interest (yield), which gives banks more reliable funding.