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“The Banks are Abusing Their Power to Keep Interest Rates Low on Savings Accounts”

The banks are abusing their power to keep the interest on our savings accounts low, while the interest they receive from the European Central Bank has risen sharply. ‘A disgrace,’ is what economist Paul De Grauwe calls it. “This may indicate a structural problem,” says Pierre Wunsch of the National Bank.

0.35 percent, and then another 0.25 percent if your money stays there for a year. Yes, the interest on your savings account at, say, KBC has risen since the beginning of this year. A tiny bit – it came from 0.11?percent…

2023-05-09 09:27:21
#Banks #charge #lot #interest #give #customer #Shame

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