what are "Negative Interest Rates"? is that where the Banks PAY YOU to loan money from them?
why would they do that?
- Anonymous1 month agoFavorite Answer
No. That is when you pay banks to hold your money.
- kswck2Lv 71 month ago
It doesn't happen to the average investor. It is more for that bigger banks and the relationship they have with the Fed. Don't worry about it.
- AmyLv 71 month ago
It's where the banks pay the government to hold their money overnight which they are legally required to do.
The negative rate does not apply to ordinary consumers.
- JudyLv 71 month ago
No, that doesn't happen. But you might have to pay the bank for keeping your money there for you, keeping it safe.
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- Anonymous1 month ago
No, only Israel has mastered money manipulation to that level. You can put your money into a CD or a bond, and you'll get a small amount of interest if you leave the money alone. If you don't, you'll be fined out the wazoo. Either way, usury is evil. Don't get loans.