Now that the signals for the European Central Bank (ECB) to raise interest rates have turned green, mortgage rates are rising and some markets are still seeing negative movement in interest rates on many savings, the question arises whether we will be able to save. ING, ABN AMRO and Rabobank understand the question, but do not really provide an answer.
“We understand the problem,” said a spokesperson for Rabobank. However, we do not make any statements about any changes other than following the developments in the market.”
A spokesperson for ABN AMRO has a slightly different variant of the same answer. “We can’t make a statement about it, but we can if something changes. When the time is right.”
This one DF Earlier this week, ING announced in Germany that it had increased its negative savings interest limit – which you have to pay the bank to save there – to € 500,000. This indicates that the move is possible.
“It depends on local market conditions,” a spokesperson for ING Netherlands said when asked. It goes too far to explain whether the conditions here differ from those in Germany. “In general, our interest rate policy follows the movement of the market.”
At ABN in the Netherlands you always pay negative interest on a balance of more than 100,000 euros per person. Per account at Rabobank and ING.
With ABN and ING, earning interest on your regular savings account is a thing of the past. At Rabobank you get 0.01% interest up to 100,000 euros.
Source: NU
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
