Thursday, July 18, 2024
HomeNewsDanish EconomyGood times for the banks, not so much for us customers

Good times for the banks, not so much for us customers

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 When banks deposit the money of customers in the National Bank, they get 3.6% interest rate. However, they give customers an interest rate of 0 to 1%, depending on the bank. The rest is profit for them. So not only do they make money when we borrow, but also when we deposit money. 

  • The Minister of Business has asked the Danish Financial Supervisory Authority to investigate the banks. 
  • Lunar and Nykredit offer the highest interest rates for deposits at the moment.
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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