The paper deals with the verification of the theory of permanent income in the Czech Republic during the recession, and this work also deals with the distribution of savings of Czech households in individual instruments. The aim of this paper is to confirm or disprove the hypothesis that during the recession Czech households withdraw savings to cover the loss or reduction of their íncome. Another hypothesis, which is discussed in this paper, is the correlation between the development of overnight deposits of households and GDP development. This hypothesis was disproved by means of Pearson correlation in this paper, it was found that these two variables do not correlate directly. The final goal of this paper is to split the total savings of Czech households into individual instruments.