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ING is now the second bank in the Netherlands to charge a negative interest rate. Customers will face a -0.5% interest rate for any amount in an account above one million euros. Yet, Bitcoin is the "experiment" here?
ING said it would first implement the changes with business and private banking clients on April 1st. There will also be no interest earned by business account holders with a balance below a million.https://nltimes.nl/2020/01/31/ing-second-netherlands-bank-turn-negative-savings-interest …
Correct me if I’m wrong, but isn’t negative interest literally just the bank stealing from your savings?
Except that they warn you ahead of time, and call it something more innocuous.
So now we pay banks to make profits by risking our savings. Nice. #Banksters
Time to leave the world of FIAT that invented "negative interest rates" and enter the Bitcoin world that invented "digital scarcity". There is a renaissance happening now, it will change more than we can imagine.
This is insane, the whole incentive model is breaking down, "we'll pay you to keep your money with us" is done lol
If you think about it,.. they use our money to trade, and then we also have to pay for it
So it is better to move your money in something which have future. For example $NEXT
Bunq already charged interest on amounts above €100.000 last year
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