Rabobank is also venturing negative interest rates

Rabobank will charge a negative interest from January next year to savers with deposits from €250.000. Earlier, other banks already took similar measures.

For wealthy savers, the bank will apply a negative interest rate of 2021% from 0,5. The interest rate remains 0,01% for deposits of up to two and a half tons in savings and investor accounts of private customers. Business customers are paid this marginal interest rate up to a ton. An interest rate of 100.000 applies for balances between €250.000 and €0.

According to the bank, the negative interest rate affects only a small part of savers. Nothing changes for 98,7% of customers. The bank does not rule out reducing the amounts on which negative interest is calculated in the future. Despite the low interest rates, the bank signals that customers are continuing to save.

ABN uses higher threshold
ING bank will also apply a negative interest rate of 2021% from €0,5 from 250.000. ABN Amro has had a negative interest rate since April, but only from savings of two and a half million. At the Triodosbank, savers have had to pay negative interest from €100.000 since July. The developments stem from the persistent low interest rate policy of the European Central Bank (ECB).

Wouter Job

Wouter Baan is Head of Meat & Dairy at BoerenbusinessAt DCA Market Intelligence, he focuses on dairy, pork, and meat markets. He also monitors (business) developments within agribusiness and interviews CEOs and policymakers.

w.baan@boerenbusiness. Nl

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