Low interest rates benefit millennials, not pensioners | Phillip Inman



Low interest rates benefit millennials, not pensioners | Phillip Inman

Borrowers have the whip hand – in Denmark one bank has even started paying them to take out a loan

Savers in Denmark must be squealing with pain at the advent of the world’s first negative rate mortgage, courtesy of Jyske Bank.

Danish savers currently get about 0.1% for their pots of money at the bank and soon they might find deposit-takers start charging them to protect their piles of cash.

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Source: Guardian

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