Banking institution ING has become the second bank in the Netherlands to charge a negative interest rate on certain savings accounts. Customers will face a -0.50 percent interest rate for any amount in an account above one million euros, the bank said on Friday. The policy will affect about 6,400 current clients. The negative rate is charged per account, and not per customer.
Note Insure Digest: this is total nonsense and can not be justified in any logical way, except that it unfortunately qualifies as greed.
Read more at:
https://nltimes.nl/2020/01/31/ing-second-netherlands-bank-turn-negative-savings-interest
Note Insure Digest: this is total nonsense and can not be justified in any logical way, except that it unfortunately qualifies as greed.
Read more at:
https://nltimes.nl/2020/01/31/ing-second-netherlands-bank-turn-negative-savings-interest
