Interest rate changes
We’ve updated the T&Cs on our Euro Business and Sole Trader Accounts to introduce a negative interest rate of -0.5% AER on balances above €50,000. From 1st November 2020, we began charging interest for holding deposits over €50,000. For example, if you’ve got €51,000 in your account, you’ll only be charged interest on that extra €1,000. This brings us into line with the negative interest rates on deposits in force throughout the Eurozone.
If you’d like to view the relevant parts of your updated T&Cs, you can find them on the Legal documentation page.