Germany’s biggest lenders, Deutsche Bank AG and Commerzbank AG , have told new customers since last year to pay a 0.5% annual rate to keep large sums of money with them. The banks say they can no longer absorb the negative interest rates the European Central Bank charges them. The more customer deposits banks have, the more they have to park with the central bank.
https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601
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[…] don’t see the savings rate changing much either, in fact some banks in Germany are already at negative interest rates on customers deposits. […]
[…] don’t see the savings rate changing much either, in fact some banks in Germany are already at negative interest rates on customers deposits. […]
