Banks pass negative interest through the back door

Bank customer Sonja Graf * received the letter from Bern last November. As a result, your house bank Postfinance lowers the threshold for negative interest on private and savings accounts from CHF 500,000 to CHF 250,000 as of December 1st.

More and more bank customers are confronted with such bad news in Germany. Like Postfinance, banks use the fine-tuned term credit fees instead of negative interest. Also typical: As with Postfinance, customers who do not purchase any other services apart from a savings account have to fall behind.

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