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15 November 2019

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits - Bitcoin News

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits - Bitcoin News


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Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits.

Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this practice.

Zürich-headquartered multinational investment bank Credit Suisse has recently announced that it will soon begin offering negative interest rates on Swiss franc accounts above a certain threshold, effectively charging big savers for holding their fiat cash at the bank.

“As other banks have been doing for some time, Credit Suisse is introducing negative interest rates for clients with very high Swiss franc cash holdings,” the bank explained on Friday.

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