Saxo Bank introduces negative rates for wealthy clients

Wealthy retail clients at the Danish-based financial group will have to get used to negative rates after April 1.

Photo: PR/ Saxo Bank

On April 1, negative rates will be introduced at Saxo Bank for private customers with more than EUR 134,000 (DKK 1 million) in their accounts.

The negative rate will be -0.75 percent for amounts in Danish kroner, the bank reports to FinansWatch. Customers with accounts in euros and swiss francs will also experience negative rates - here, the minimum amount is EUR 150,000, where the negative rate will be -0.50 percent, and customers with more than CHF 150,000 will be charged a negative rate of -0.75 percent.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch