https://www.theguardian.com/business/20 ... rest-rates
What a strange world we are currently living in.
Negative interest rates
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In Germany is already happening...The Raiffeisenbank Gmund am Tegernsee is charging 0.4% to customers with over 100K deposits
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Makes you glad if you haven't yet managed to make enough money and/or savings in life these kind of days....
Of course, if you have, then a different view (I would imagine)!
Of course, if you have, then a different view (I would imagine)!
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.giulio2010 wrote:In Germany is already happening...The Raiffeisenbank Gmund am Tegernsee is charging 0.4% to customers with over 100K deposits
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in Japan, customers have to charge for PUT money on deposit so it's not a strange thing.
- marksmeets302
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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!
@HokiadaLim: I hear in Japan safes are selling like crazy!