After UBS and CS introduced negative interest rates for big clearing accounts, ZKB changes general conditions for a potential introduction of negative rates even for ordinary savers. Time to get in contact with Geneva cash storing warehouses? More about the ZKB move on Reuters.
One thing to be mentioned is that other banks do not need to change their general conditions to allow for negative rates.Previous post See more for Next post
Tags: Capital Controls,negative interest,negative interest rate,Switzerland