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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by pjc50 on Thursday January 15, 2015 @07:36AM (#8892189)
The average depositor is not paying negative rates: http://www.ubs.com/ch/en/swissbank/private/interests.html

There is obviously a limit as to how negative the SNB can push the interbank rate, but if you see it as the "convenience fee" for keeping and moving large amounts of money in the central bank versus trying to hold it and transport it as cash it makes more sense.

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