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They started making them negative a month ago. It mostly just affects the rate that the banks pay to the central bank. It doesn't really affect individuals, not
by comrade1 12y ago
They started making them negative a month ago. It mostly just affects the rate that the banks pay to the central bank. It doesn't really affect individuals, not until you get into 10M CHF, and honestly, who would keep that much money in cash?
http://www.thelocal.ch/20141218/swiss-central-bank-imposes-negative-interest-rates http://www.thelocal.ch/20141218/swiss-central-bank-imposes-n...
- lmg643 12y agoAs I understand it, the "classic" Swiss bank account is a negative interest rate account where money is held for safe-keeping - neutral country. I believe this is the same philosophy on a national/global scale. People don't put money in Switzerland for a return, they put it there for safety.