Articles for Negative Interest

Charities lost millions to banks charging negative savings interest
2 years, 5 months ago

Charities lost millions to banks charging negative savings interest

NL Times  

Negative interest rates banks imposed on savings accounts over the past 18 months cost Dutch charities about 2.3 million euros, NOS reports. “Certainly not if you compare that to the billions in profits they made last year.” The Salvation Army paid 301,000 euros in negative interest over the past 18 months, the Red Cross 250,000 euros, KWF Cancer Fund 231,000 …

Bank Interest Euros Charities Negative Ing Negative Interest Rates
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 …

Savings Bank Interest Customers Negative Interest Pay Negative
Persistent pandemic will delay economic recovery: Dutch Central Bank
3 years, 9 months ago

Persistent pandemic will delay economic recovery: Dutch Central Bank

NL Times  

The economy will recover more slowly than Dutch central bank DNB expected due to an extended and stricter lockdown. “Despite all good intentions, the Netherlands is not the best student in the European class when it comes to sustainability lessons.” Low-interest rates impact general public Another prediction that the DNB has for the future is that interest rates on savings …

Economy Climate Change Europe Pandemic Dutch Netherlands Bank
HSBC may start charging for current accounts
4 years, 1 month ago

HSBC may start charging for current accounts

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Quinn said basic accounts — the most basic accounts …

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Negative interest rates could put an end to free banking, experts warn
4 years, 2 months ago

Negative interest rates could put an end to free banking, experts warn

The Telegraph  

Negative interest rates could spell the end of free bank accounts, experts warned after the Bank of England gave its clearest indication yet that the controversial policy could be introduced. Sir Philip Hampton, who was chairman of taxpayer-backed Royal Bank of Scotland at the height of the financial crisis, said: "In the case where negative rates are significant and prolonged, …

Bank End Banks Bank Of England Free Banking Negative Interest Rates Negative Rates
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 …

Interest Euros Negative Negative Interest Bank Savings Rabobank Customers