negative interest

Savings
Sep 9 '19 10:10

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.

ING Bank
Aug 2 '19 13:20

ING customers are furious by the prospect of their bank maybe charging negative interest on their savings accounts. CEO Ralph Hamers mentioned this as an option to cushion the blow should the European Central Bank decide to cut interest rates again, RTL Z reports.

800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Mar 22 '17 08:51

Triodos bank is the first Dutch bank to drop its interest rate to 0.0 percent. From April Triodos customers will no longer get any interest on their regular internet savings account, NOS reports. Triodos already had the lowest interest rate of all Dutch banks. In October the bank lowered its interest rate to 0.1 percent. 

800px-Oficina_Triodos_Bank_A_Coruña_Galiza_Spain_wGL
Oct 4 '16 08:23

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

ABN Amro
Jul 22 '16 08:50

ABN Amro business clients may soon feel the effects of the European Central Bank's low interest rates. From October 1st, the Dutch bank is adjusting its conditions to state that the bank can give negative interest rates to account holders with a business checking or -savings account

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