On a related note, I was recently surprised when I learned that the Euribor is also currently negative: http://www.euribor-rates.eu/ http://www.euribor-rates.e

On a related note, I was recently surprised when I learned that the Euribor is also currently negative: http://www.euribor-rates.eu/ http://www.euribor-rates.eu/ Euribor is the basic interest rate that European banks use to determine interest rates on savings and mortgages. A negative value basically means that you have to pay the bank if you want them to store your savings (which they are free to invest or lend). Banks will typically give you some extra percentage points over Euribor though, so as a customer you currently see somewhere around positive zero of interest on your bank savings in my country.