Tag: Penalty interest
ING is doing it right: abolish penalty interest!
European Central Bank The online bank ING is pushing ahead and raising the allowances for credit balances on current and overnight accounts on July 1st. (Photo: dpa) “A banker is…
Inflation & delivery bottlenecks: Dax companies in the liquidity trap
The DAX companies have never made as much profit as this year. In the first nine months, the companies generated a total of 90 billion euros – despite a number…
Where Germans can keep their cash safe
Euro bills lie on a table At many banks, savers are now paying negative interest rates. Is that why they are hoarding cash? (Photo: dpa) Frankfurt Anyone who wants to…
Watch out, trap! Why banks shouldn’t be too aggressive when it comes to penalty interest rates
Piggy bank Penalty interest on savings has long ceased to be an issue that only affects wealthy customers. (Photo: dpa) The dam has long since broken when it comes to…
Medium balances increasingly affected by negative interest rates
Frankfurt / Main Lower allowances and higher penalty interest on the overnight or current account: According to the comparison portal Verivox, credit institutions are increasingly tightening existing negative interest conditions…