There has been a heated discussion on the microblogging site “Twitter” in connection with the decision of AS “Swedbank” to start applying a commission fee for larger amounts of money in the account. Such a practice is becoming more and more popular in Latvia, Europe and elsewhere in the world, therefore “Delfi Bizness” explains why banks apply negative rates to funds in the account to which it applies and what is expected in the future.
Following the previous financial crisis, society has learned that borrowing should be prudent and the debt burden should not be overstated. Since then, the situation has changed, and in many places the high level of household and corporate savings is a concern for central banks and governments, as much of the money remains “frozen” in bank accounts rather than heating the economy.
Savings are increasing
Savings are growing all over the world, and Latvia is no exception – this is also confirmed by the data compiled by the Bank of Latvia (LB), which show that households continue to increase savings in their bank accounts.
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