The bank that charges to keep your money

ReutersNewsPublished: August 17, 20164 views
Published: August 17, 2016

A small co-operative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the ECB's shift to negative rates. As Ivor Bennett reports, Raiffeisenbank Gmund will apply a custody charge of 0.4 percent to some deposit accounts.

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