Archive for March, 2016

Paying to save

Written by multiforte on . Posted in News

Imagine that your bank decided they would pay you negative interest.

That means that, instead of earning regular interest for depositing your funds with the bank, you pay your bank interest to keep your money in your account.

It sounds crazy, doesn’t it? Yet, several of Europe’s central banks have cut key interest rates below zero and kept them there for more than a year. And as of January, Japan is trying out negative interest rates too.