ABN Amro raising savings account interest rate slightly along with ING, Rabobank
2 years, 2 months ago

ABN Amro raising savings account interest rate slightly along with ING, Rabobank

NL Times  

ABN Amro has announced that it will increase the savings account interest rate as of 1 December. According to the bank’s CEO, Robert Swaak, this step means that "we are returning to more normal waters.” ING will apply the same interest rate from 1 December for savings balances of up to 10,000 euros from all private customers of the bank, it was announced Monday morning. The interest on a savings account with a balance between 10,000 and 100,000 euros will become 0.15 percent, just like on accounts with a balance between 100,000 and 1 million euros. A 0 percent interest rate will remain in place on on savings accounts with over a million euros.

Interest Rates Account Million Euros Private Savings  announced  abn  interest  rates  account  private  savings  amro  rabobank  million  euros  banks  accounts  slightly  ing  rate  raising

History of this topic

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank
1 year, 7 months ago

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank

NL Times  

Rabobank will increase the interest rates on savings accounts from 0.75 percent to 1 percent on June 1. But since the European Central Bank started hiking interest rates to try and temper the high inflation caused by the Russian war in Ukraine, the Dutch banks have raised savings interest rates several times. Earlier this month, Minister Sigrid Kaag of Finance …

ABN Amro profit up over 55% to €1.9 billion due to rising interest rates
1 year, 10 months ago

ABN Amro profit up over 55% to €1.9 billion due to rising interest rates

NL Times  

One of the largest banks in the Netherlands, ABN Amro, saw profits last year rise by more than half compared to a year earlier. The interest rates mean ABN Amro can earn wider margins on savings that people have deposited with the bank. ABN Amro now also thinks it is in a strong enough position to reward its shareholders, which …

Westpac, NAB, ANZ and CBA move to pass on the December RBA rate rise. Here's what that means for your savings accounts
2 years ago

Westpac, NAB, ANZ and CBA move to pass on the December RBA rate rise. Here's what that means for your savings accounts

ABC  

The Reserve Bank of Australia has increased the cash rate by 0.25 of a percentage point, now bringing the official rate to 3.1 per cent. Mortgage rate: Variable home loan interest rates increased by 0.25 per cent from December 20. Savings rates: Westpac Life: Total variable rate with bonus interest increased by 0.25 per cent to 3.75 per cent on …

Bank profits jump but rising interest rates are a double-edged sword
2 years, 1 month ago

Bank profits jump but rising interest rates are a double-edged sword

ABC  

Australia's big banks have raked in nearly $30 billion in 2022, but they are facing a tougher 2023, as some borrowers struggle with higher mortgage repayments as interest rates soar. Key points: Australia's big four banks made $28.5 billion in cash profits in 2022 Official rates have increased seven times since May to 2.85 per cent If unemployment rises, some …

Which banks are passing on the interest rates to borrowers? What about savers?
2 years, 2 months ago

Which banks are passing on the interest rates to borrowers? What about savers?

ABC  

On Tuesday, the Reserve Bank of Australia raised interest rates 0.25 of a percentage point, taking the cash rate target to 2.6 per cent. ANZ Bank Mortgage rate: ANZ's variable home loan interest rates will increase 0.25 per cent per annum from Friday, October 14. Savings rates: CBA will increase rates on a series of savings accounts, including: Goal Saver: …

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit
2 years, 3 months ago

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

ABC  

On Tuesday, the Reserve Bank of Australia raised interest rates by 0.5 of a percentage point, taking the cash rate target to 2.35 per cent. The standard variable NAB home loan interest rate will increase by an extra 0.5 per cent per annum from Friday, September 16. Variable interest rates across ANZ's Australian home loans will increase by an extra …

ABN Amro and ING to refund customers €200 million for too-high interest charges
2 years, 3 months ago

ABN Amro and ING to refund customers €200 million for too-high interest charges

NL Times  

ABN Amro and ING set aside almost 200 million euros extra to compensate customers who paid too much interest in the past. Financial complaints institute Kifid ruled that the banks had to compensate customers for the overpaid interest and reimburse the interest on the interest they missed out on, NOS reports. ABN Amro added another 120 million to its previous …

Reserve Bank raises interest rates again in most aggressive increases since 1994
2 years, 3 months ago

Reserve Bank raises interest rates again in most aggressive increases since 1994

ABC  

The Reserve Bank has raised interest rates by 0.5 of a percentage point, taking its cash rate target to 2.35 per cent. Key points: The RBA has raised the cash rate by 0.5 of a percentage point for the fourth straight month The cash rate target of 2.35 per cent is the highest since the beginning of 2015 RBA governor …

ING ends negative interest rates on savings accounts
2 years, 6 months ago

ING ends negative interest rates on savings accounts

NL Times  

ING is the first large Dutch bank to scrap negative interest on savings accounts. From October, the interest rates for ING savers with more than 100,000 euros in their account will increase from -0.5 percent to 0 percent, the bank announced. The bank's announcement happened shortly after a new interest rate decision from the European Central Bank, NU.nl reports. The …

December Alert: For pensioners, investors, salaried employees and credit cardholders
3 years ago

December Alert: For pensioners, investors, salaried employees and credit cardholders

Live Mint  

The first day of every month usually brings changes. SBI Credit Card EMI Transaction Expensive Customers purchasing products on SBI’s credit card EMI facility is going to become expensive from 1 December 2021. PNB revises savings account interest rates Punjab National Bank has announced its decision to cut the savings account interest rate from 1 December 2021. PNB has reduced …

More ABN Amro clients to pay negative interest on savings
3 years, 2 months ago

More ABN Amro clients to pay negative interest on savings

NL Times  

From January 1, ABN Amro customers with more than 100,000 euros in savings will be charged negative interest. ABN Amro customers will have to pay 0.5 percent interest on the part of their savings that exceed 100,000 euros. ABN Amro, and other banks, have to keep part of their customers' savings at the European Central Bank, and they have to …

ABN AMRO made to compensate clients after overcharging on loan interest
3 years, 3 months ago

ABN AMRO made to compensate clients after overcharging on loan interest

NL Times  

The Dutch Consumer’s Union reached an agreement with ABN AMRO to compensate clients who paid too much interest for their running credit from ABN AMRO, ALFAM and ICS. The interest rate for these accounts needs to move with the market rate, yet the interest rate at ABN AMRO did not fall when the market rate did. ABN AMRO will now …

Rabobank to hit more customers with negative interest
4 years, 2 months ago

Rabobank to hit more customers with negative interest

NL Times  

Rabobank customers with more than 250 thousand euros in their current, savings and investor accounts will be charged an interest rate of -0.5 percent from 1 January 2021. This applies to both private and business customers, and the negative interest will apply to all credit above 250,000 euros, the bank announced on Wednesday, NU.nl reports. Customers who have less than …

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