Negative interest rates have become a reality for institutional investors and banks in many European countries. Yet, private households so far have been shielded to a large extent from these negative rates since banks didn’t pass on negative rates to retail customers. Individual banks like the Alternative Bank in Switzerland or Danish Jyske Bank have charged their customers negative rates for some time now, but in general, investors enjoyed a 0% interest rate on their deposits. Last fall, however, in a concerted move, the majority of Swiss banks introduced negative interest rates to customers with deposits of one million Swiss Francs or more.
What to do with negative rates?
What to do with negative rates?
What to do with negative rates?
Negative interest rates have become a reality for institutional investors and banks in many European countries. Yet, private households so far have been shielded to a large extent from these negative rates since banks didn’t pass on negative rates to retail customers. Individual banks like the Alternative Bank in Switzerland or Danish Jyske Bank have charged their customers negative rates for some time now, but in general, investors enjoyed a 0% interest rate on their deposits. Last fall, however, in a concerted move, the majority of Swiss banks introduced negative interest rates to customers with deposits of one million Swiss Francs or more.