Bud the Baker Posted July 28, 2016 Report Share Posted July 28, 2016 (edited) Not my area of expertise and my interpretation is that NatWest & RBS are to an extent flying a kite and I realize it's only business accounts (at present) but FFS..................... Quote When the rate goes below zero, the normal relationship between banks and customers is reversed. Instead of the lender getting paid interest by the bank for allowing it to use their money, the lender has to pay the bank for holding their money. The underlying idea is much the same as cutting interest rates in more normal times. The aim is to encourage more borrowing and spending by firms and less saving. http://www.bbc.co.uk/news/business-36889828 ********************* It makes me glad I've always been a feckless bastard and spent all my cash on worthless baubles and Woodstock memorabilia............... Edited July 31, 2016 by Bud the Baker Quote Link to comment Share on other sites More sharing options...
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