1084 days ago • Posted by Charles-Henry Monchau
According to Bundesbank, 77% of all company deposits and 42% of private customer's deposits are now charged negative interest rates
More and more German banks introduce penalty interest on customers’ deposits to cover costs incurred by ECB’s negative rate for bank deposits. According to Bundesbank, 77% of all company deposits and 42% of private customer's deposits are now penalized. Source: Holger Z, Deutsche Bundesbank