Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate
by FracMat on Thursday January 15, 2015 @07:35AM
(#8892184)
Only the interest rates on money borrowed from the swiss national bank (which only other banks can use) are affected. This will keep the interest rate you get for your private account close or equal to zero, but they will not get below that margin for exactly the reason that people will withdraw their money.
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