Trading Financial markets : Negative interest rates

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Euler
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Tue Jul 26, 2016 12:57 pm

https://www.theguardian.com/business/20 ... rest-rates

What a strange world we are currently living in.

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Euler
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Tue Aug 23, 2016 2:22 pm


giulio2010
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Tue Aug 23, 2016 6:35 pm

In Germany is already happening...The Raiffeisenbank Gmund am Tegernsee is charging 0.4% to customers with over 100K deposits :o :o

stueytrader
Posts: 320
Joined: Tue Dec 15, 2015 6:47 pm

Sun Oct 02, 2016 3:07 pm

Makes you glad if you haven't yet managed to make enough money and/or savings in life these kind of days.... :oops:

Of course, if you have, then a different view (I would imagine)!

marko236
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Joined: Fri Jul 12, 2013 11:54 am

Sun Oct 02, 2016 3:58 pm

giulio2010 wrote:In Germany is already happening...The Raiffeisenbank Gmund am Tegernsee is charging 0.4% to customers with over 100K deposits :o :o
I think it's a good idea to charge maybe even more, stops people hoarding money, you only need so much savings for the future, in return they could give low earners a better deal on mortgages loans and free banking etc.

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workpeter
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Mon Oct 03, 2016 9:19 am

Only an idiot would accept negative interests ratss just like only an idiot would pay 500k for a small flat in London, but it happens.

HokiadaLim
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Joined: Fri Nov 04, 2016 2:36 am

Fri Nov 04, 2016 2:45 am

in Japan, customers have to charge for PUT money on deposit so it's not a strange thing. :mrgreen:

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marksmeets302
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Fri Nov 04, 2016 11:03 am

Deposit rates won't get negative below a certain point. Otherwise it pays to put it in a vault. It's about 200 per year for 100K of insured value, so that's -0.2%. At interest rates below that these vaults will become popular.

@HokiadaLim: I hear in Japan safes are selling like crazy!

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