News for hackers. Stuff that matters.

A comment on Denmark's Jyske Bank lowers its negative rates on deposits. Parent comment

Re:Denmark's Jyske Bank lowers its negative rates on deposits by WillPostForFood on Saturday September 21, 2019 @11:02AM (#21035762)
If you have a fixed rate loan, inflation is amazing. It is like free money.

Inflation: bails out debtors, punishes savers

Deflation: punishes debtors, rewards savers

[ Parent | on HN ]
Re:Denmark's Jyske Bank lowers its negative rates on deposits by izend on Saturday September 21, 2019 @02:44PM (#21037113)
Fixed rate loans are only 5 year max in Canada, so yes its great for 5 years but after that have to refinance at the new market rate.
[ Parent | on HN ]
Re:Denmark's Jyske Bank lowers its negative rates on deposits by WillPostForFood on Saturday September 21, 2019 @05:36PM (#21038057)
Yes, good point. The standard 30 year fixed loan in the US is not common internationally.
[ Parent | on HN ]