Geld.nl does not call Knab’s step unique, but it is striking. Until the end of 2019, Knab was still regularly at the top of the savings rate overviews. “The fact that such a bank is now also forced to carry negative interest rates is a precursor that more banks will follow this step in 2021,” it says on the comparison page.
Last year, De Volksbank also announced that savers at SNS Bank, ASN Bank and Regiobank will have to pay a negative interest rate of 0.5 percent from March 1 of this year if they have more than EUR 250,000 in reserve.
“Small savers, up to 10,000 euros, don’t have to worry for the time being”
The three big banks ING, Rabobank and ABN AMRO already used the same negative interest rate. You have lowered the negative interest rate limit. At Rabobank and ING this applies to a balance of 250,000 euros. ABN AMRO is about savings of over 500,000 euros.
Triodos Bank also charges negative interest rates for savers with a balance over EUR 100,000. All savings customers of this bank also pay 2 euros per month for their savings account.
According to Geld.nl, small savers, up to 10,000 euros, don’t have to worry for now. It is expected that the banks will gradually further reduce the negative interest portfolio.
“There is a considerable gap between savings of 250,000 or 500,000 euros and amounts of 50,000 euros, for example. The banks can still take many steps there. In addition, banks want to keep encouraging people to save as long as possible for a financial buffer, ”the website says.
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