Germany introduces negative bank interest rates

[schockergd]

That's right, deposit money and get hit with -0.1% to -0.25% APY rates.

Since most of you have deposits over 500k, i'm sure this will greatly effect wickedfire.

The Wrath of Draghi: First German Bank Hits Savers with ‘Negative Interest Rates’ | Wolf Street

 

[3nyaw]

most of us don't have 500k deposits at small regional german commercial banks.

 

[Amoxicillin]

“At the moment, we are not imposing negative interest rates on retail customers,”

Although 500k is still a fucking low number.

 

[schockergd]

Although 500k is still a fucking low number.

Remember Cyprus?

"Top accounts" started at 500k euros. Then it was 250k, then 100k, then 50k.

 

[3nyaw]

Given their location, this will probably hit a grand total of zero accounts.

 

[ShadowCaster]

most of us don't have 500k deposits at small regional german commercial banks.

Where else would you keep the Oktoberfest spending money?

 

[3nyaw]

Where else would you keep the Oktoberfest spending money?

in Munich

 

[kingofsp]

They better have some fucking cookies in the lobby.

 

[potentialeight]

I grew up on some paranoid redneck shit of not keeping your money in the banks anyway, so w/e.

 

[capone2009]

Where else would you keep the Oktoberfest spending money?

At around 10€ per beer, you wouldn't last long with only 500k though

 

[cheshire]

I grew up on some paranoid redneck shit of not keeping your money in the banks anyway, so w/e.

Heeeeyyyyy buddy, where you living at nowadays? Mind if I come over?