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Danske Bank introduces negative rates for retail customers

After holding back for a long time, Denmark's largest financial group has now decided to follow competitors and introduce negative rates for retail customers.

Photo: Jens Hartmann Schmidt/Ritzau Scanpix

Private banking customers at Danske Bank can now look forward to paying to have money in the bank, if it exceeds a certain amount, the bank reveals in a press release.

The - 0.75 percent negative rate will be introduced on June 1 this year, and will apply to non-Nemkonto customers with over EUR 100,000 (DKK 750,000) in the bank.

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