AIB to start charging personal customers on deposits over €1m?

[Brendan Burgess]

According to Niall Brady in today's Sunday Times

AIB and rival banks prepare for frosty reception to sub-zero rates

Banks are preparing for a customer backlash ahead of another round of interest reductions that will lumber personal customers with negative deposit rates for th

www.thetimes.co.uk

AIB told banking analysts last autumn that it was considering imposing sub-zero rates on high net worth accounts, with balances of more than €1 million expected to be hit. “AIB has successfully insulated 99 per cent of our customers during a sustained period of European negative interest rates,” it said. “We continue to do so, while keeping our pricing for large deposits under constant review.”

 

[RedOnion]

This was covered by Fiona Redden in the Irish Times also on Monday

Are negative rates for all savers on the way? What you need to know

Banks are increasing the number of customers whose savings will face a charge

www.irishtimes.com

 

[NoRegretsCoyote]

You can see here that corporate deposits are at negative rates for most maturities in the euro area.

Household rates show more variability. Negative in some places at some maturities, but Italian and Dutch banks are offering 1% in some cases. I can't figure out how.