As of September, Croatian household deposits reached €38.7 billion, growing by €900 million year-on-year. According to the Croatian National Bank (HNB), term deposits increased significantly, with an added €2.2 billion compared to September last year, while overnight deposits decreased by €1.3 billion. However, HNB analysts do not expect the rise in term deposits to continue, citing factors like interest rate changes, households' preference for liquidity, and the availability of alternative investments.

In October 2023, a rise in average interest rates on term deposits led to an initial shift from overnight to term deposits. Despite higher rates in some banks, depositors soon exhibited "deposit stickiness," choosing to keep funds with their regular banks instead of moving to higher-rate options. As of mid-2024, term deposits account for roughly 29% of total deposits, a stable level expected to continue.

“People's” treasury bills and government bonds, which raised €4.7 billion across six issuances, have emerged as key alternatives to term deposits. With the European Central Bank likely to continue lowering interest rates, HNB experts predict no substantial increase in the term deposit share moving forward.