Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts

Re:Dutch entrepreneurs avoiding negative interest by opening... by paulluuk on Wednesday September 01, 2021 @11:10AM (#28380816)

I'd argue that the main point of banks is that they protect your money from theft. Given that most people who use banks are poor and don't actually receive any significant interest.

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Re:Dutch entrepreneurs avoiding negative interest by opening... by selfhoster11 on Wednesday September 01, 2021 @11:48AM (#28381314)

They don't receive significant interest because banks choose not to share any interest with the end customer. Easy access savings rates have been sub-1% for so long in the UK that customers have instead turned to exploiting introductory offers on current accounts.

[ Parent | on HN ]