Friday, January 22, 2016

Savings on a slide – Telegraaf.nl

Rabobank lowered its savings even further. On a regular savings account without restrictions, customers of the bank since yesterday 0.6% interest rate

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In 2012, which was Rabobank rate four times as high. “Our rate cut follows the trends of market interest rates,” the statement from a Rabobank spokesman said.

Only the little Triodos Bank offers even less with a rate of 0.3%. Earlier this month ING also decreased (0.6% to 0.7%) and SNS Bank (0.95%) their saving rates.

Inflation is low, averaging 0.7% in 2015, but thus already higher than the current interest rate of Rabobank and ING. Savers who are not taxable, are also poorer

Read the entire article on the savings drama

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