ING investment as largest bank in the Netherlands in savings interest | Inland
ING will start from 1 December of savings interest, depending on the balance in the savings account. All customers of the largest bank in the Netherlands will receive 0.25 percent interest on a savings balance of up to 10,000 euros. According to ING, this includes that the majority of savers will receive this interest on their entire balance. It used to be 0 percent rent.
The interest on a savings account with a balance between 10,000 and 100,000 euros goes to 0.15 percent, net as on accounts with between 100,000 and 1 million euros. The interest on savings accounts with more than a million remains 0 percent.
The rent is also for business customers. With this step, ING says it is again offering positive interest on the savings account. Banks are raising interest rates as central banks ramp up interest rates in their battle against highs. For example, Rabobank announced last week that it would raise the variable interest rate on savings accounts to 0.25 percent from 1 December. In its own words, the bank follows the developments in the financial markets. applies for savings accounts an interest of 0.01 percent for amounts up to 100,000 euros. For the amount above the ton, the interest is zero.
Mortgage interest
Recently, many interest rates, such as mortgage interest, the interest on consumer credit and government bonds, have already risen considerably, so savers have been waiting for higher savings rates for some time. Of the big three banks – ING, Rabobank and ABN Amro – Rabobank was the first to announce the increases. It is expected that the other larger banks such as Volksbank and ABN Amro will also follow. Until recently, this happened at a number of European banks such as Renault Bank and BigBank and small parties such as Centraal Beheer, NN or NIBC. Renault Bank and BigBank now offer the highest interest rates at 0.65 percent.
What does interest mean?
Using central banks as a weapon in the fight against. If the demand for goods and services slow down. So the intention is off. Conversely, they lower the interest rate when it is low. With the low interest rates, they stimulate the demand for goods and services, which in turn leads to higher ones. Central banks ideal.
What does purchasing power and average income mean again? Read it in our economics glossary.
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