Saturday 15 May 2021

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

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.

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