Rabobank to charge customers interest on savings over €100,000

Rabobank is a high street staple. Photo: Rabobank
Rabobank is a high street staple. Photo: Rabobank

Rabobank has become the latest Dutch bank to charge customers if they have savings of above €100,000.

The bank will now levy a rate of 0.5% on savings of over €100,000 from July 1. The change, the bank says, will impact on just 4% of its customers.

ING and Volksbank have already introduced negative interest on savings above €100,000, while ABN Amro has a limit of €150,000.

The move, Rabobank says, has been prompted by continuing low market interest rates.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation