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Low Interest Rates Force Swiss Banks To Charge | PYMNTS.com

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On Friday (Oct. 18), the bank Credit Suisse said it was going to tack on a negative 0.75 percent interest rate for customers who have more than $2 million in the bank. For example, if a customer has a balance of $3 million for a year, that customer would get charged $7,600.

If a balance is above $10.1 million, the fee goes up to 0.85 percent. This starts for corporate bank members on Nov. 15 and for individual customers on Jan. 1 of next year.

Low Interest Rates Force Swiss Banks To Charge | PYMNTS.com:

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