Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Triodos Bank (Picture: Wikimedia Commons/Nemigo) - Credit: Triodos Bank (Picture: Wikimedia Commons/Nemigo)
Business
European Central Bank
negative interest
savings interest
Triodos Bank
Tuesday, 4 October 2016 - 08:23
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Negative interest looming: Triodos lowers savings interest to 0.1 pct

Triodos Bank halved the savings interests for its normal internet savings account from 0.2 percent to 0.1 percent. And with that the Netherlands is one step closer to a negative savings interest rate, ANP reports. Triodos has the lowest savings rate of banks in the Netherlands. This has been true for some time. But other providers also dropped their savings interest in the past time. The low savings interest is connected to the European Central Bank's policy. The bank keeps interest rates on the capital market low in an effort to boost economic growth in Europe. The savings interest rate is now below 1 percent at all banks in the Netherlands. The highest savings rate available is 0.8 percent, according to a comparison by spaarrente.nl. The three large banks in the country is at 0.3 percent. A negative savings interest is looming. Soon savers may have to pay to put money in their bank account.

Follow us:

Latest stories

  • Three life sentences in Caloh Wagoh assassinations trial
  • Skyrocketing interest in campers due to chaos at Dutch airports
  • Covid infections may be stabilizing at new peak, but hospital total jumps 20 percent
  • Nature reserve destroyed in farmer protest; Grocers lose millions in revenue
  • Warm temps mean more wasps in the Netherlands this summer
  • Half of Dutch can't hear high frequency of smoke alarm

Top stories

  • Covid infections may be stabilizing at new peak, but hospital total jumps 20 percent
  • Bisexual people often victims of violence; Situation not improving
  • Delayed care in Covid cost at least 320,000 years of life: RIVM
  • Farmers' protests: Some 15 arrested at distribution blockades, 200 fined on highways
  • Over 350 monkeypox cases diagnosed in the Netherlands so far; First child tests positive
  • Police arrest new suspect for directing murder of journalist Peter R. de Vries

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content