ING to a negative interest rate charge on the assets of more than € 1 million, announced the bank on Friday. The amount in excess of that amount will go to a negative interest rate of 0.5 percent.
The bank is in the savings interest rate is free to absorb all savings accounts up to € 100,000 at a 0.01 per cent, and follows not the example of ABN AMRO. The bank reduced this savings rate recently to the 0% mark.
At this moment, there are around 6.400 ING in accounts of more than € 1 million to include. This means that more than 99.9% of the customers are not adverse in interest to you.
The changes in the interest rate have to do with the policies of the European Central Bank (ECB) has been focused on the promotion of economic growth in Europe. One of the ways to achieve this is to lower the interest rates on the amounts that the banks, like ING, with the ECB’s storage. Because of this interest, as of June 2014 is negative, it will pay ING the interest on this amount.
Also, interest rates in the markets in which it ING and investing the money to allow you to borrow significantly dropped in value, and will often be negative. This was also a result of the interest rates over the past few years, plummeted.