We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Starling introduce negative interest rates on their Euro account
Options

colsten
Posts: 17,597 Forumite

It's incredibly easy to avoid the negative rate for now but not a good development.



1
Comments
-
Not a suprise, the ECB base rate is also -0.5%
Has been for the past year0 -
It was a surprise to me as this is the first time that I have seen negative interest rates on personal accounts. I do hold accounts in Euroland, none of which have negative rates, and I don't know of any Euroland-based banks that do, for personal accounts.2
-
I switched from Starling to Metro Bank for £50 and Monzo to Halifax for £100 and a Fiver a month. No regrets 😏0
-
TheMightySwordfish said:I switched from Starling to Metro Bank for £50 and Monzo to Halifax for £100 and a Fiver a month. No regrets 😏0
-
Starling will have been charged for their long balances for some time and I suppose that they couldn’t keep ignoring the expense forever.0
-
notveryeducated said:And now you could switch one to RBS for £100 if you are able to1
-
TheMightySwordfish said:notveryeducated said:And now you could switch one to RBS for £100 if you are able to2
-
TheMightySwordfish said:I switched from Starling to Metro Bank for £50 and Monzo to Halifax for £100 and a Fiver a month. No regrets 😏
Sorry not sorry for the brag encouragement to think outside the box1 -
colsten said:It was a surprise to me as this is the first time that I have seen negative interest rates on personal accounts. I do hold accounts in Euroland, none of which have negative rates, and I don't know of any Euroland-based banks that do, for personal accounts.
https://www.abnamro.nl/nl/prive/rente/actuele-rente.html
0 -
It could well come to us here in the UK if things get worse.
Japan have had negative interest rates since 2016.
If it did happen it would be a 'tax grab' for the government to help pay for the bailouts.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards