Dutch consumers will start paying interest on their savings accounts in the near future, various analysts told Financieele Dagblad. They describe negative interest rates on savings as an unavoidable future.
The cash that Dutch banks keep and are required to deposit at the European Central Bank currently costs them more than half a billion euros per year, due to the negative deposit interest rate. "Dutch banks together have 138 billion euros in surplus liquidity, and they pay 0.4 percent on that", Elwin de Groot of Rabobank said to FD.
