For the first time a commercial bank introduces a negative interest rate on deposits

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Category: Новини
November 28,2015-10:30 AM

The Swiss bank Alternative Bank Schweiz (ABS) introduces from January 1st, 2016 negative interest rates on the deposits of individual clients, announces "The Economist". The rate for the current clients with bank accounts in ABS  will be minus 0.125%, while for clients with deposits above 100 000 CHF - minus 0.75%. The decision comes as a reaction to the fact that the Swiss Central Bank has negative interest rates - (-0.75%). The central banks of Denmark and Sweden also have negative interest rates -minus 0.75% and minus 1.1% respectively.

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