From mid-December 2018 until mid-December 2019, have to pay the German banks and savings banks a total of around 2.4 billion euros in interest on the currency guardians gebunkertes money, such as from data of the German Bundesbank, the existence of the German press Agency. Previously, the "business week had reported" about the Numbers.

Parking money to banks at the Central Bank, you have to pay for it, currently 0.5 percent, minus the interest. With the negative interest rate currency want to create the guardians of incentives for lending to boost the economy.

the Ministry of Finance, verifies the legality of negative interest rates

Many banks, the resulting cost more but at least in part, to their customers: a Minimum of 62 institutions now demand penalty interest, as of the Overview of FOCUS Online shows. Usually there is a free amount, so that only large assets will be charged. Nevertheless, the Federal government has filed a fundamental doubt as to whether this is at all right, possibly you will areas of the Goings-on soon brought to a stop. With FOCUS Online the best checking accounts compare (display) current account comparison 2020: The best to find account

Thus, the "Passauer Neue Presse" reported on Saturday citing information from the Ministry of Finance on Finance Minister Olaf Scholz (SPD) has prompted examination of the legality of negative interest rates. These have shown that for banks "on the Basis of the applicable law with high legal risks, within the existing contracts, the expenses for negative interest rates admit one-sided to their customers".

negative interest rates: intervention by the state is not excluded

The Ministry of Finance does not exclude, according to the report, government Intervention because of the burden on savers by the banks. In any event, the Federal authority for financial services (Bafin) "in the framework of its mandate have to secure the collective consumer protection through adequate regulatory instruments, with which any systematic violations of this law can be stopped". The Ministry wants to watch, therefore, but first of all the development.

to date, punitive interest rates from many banks for deposits be demanded of a certain height, for example of more than 100,000 euros. The financial institutions justify their action by the European Central Bank (ECB) had imposed negative interest rates on deposits. With FOCUS Online (to the display) daily allowance comparison in 2020: Here are the Top interest rates

CSU secure state wants to compare funds with guaranteed interest rate of two percent

The CSU-financial policy-makers, Hans Michel Bach warned of a further increase of negative interest rates. "The spiral will continue to turn," he said of the "PNP". Soon, the deposits are likely to be affected below 100,000 Euro of penalty interest. Michel Bach criticized this as "a disastrous development". In order to offer savers an Alternative, suggested that the CSU politicians, a state innovation Fund with a guaranteed interest rate of two percent.

As the düsseldorf "business week" reported, were paid by German banks and savings banks in the past year to 2.4 billion euros in deposits at the Deutsche Bundesbank. The amount had not changed in the year of comparison approximately constant, although the ECB increased the negative interest rate for banks in September from 0.4 to 0.5 percent. Relief in October effectively made the introduction of a free amount, had thus.

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pom/AFP/dpa is Date Of Update: 22 January 2020, 01:01