N26 to Apply Negative Interest to Balances over 50k

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As per the N26 homepage, N26 are now applying negative interest of 0.5% to balances over 50k.

According to this article:
- Negative rates apply to new customer only. Not existing customers.
- Negative rates do not apply to "metal" premium customers.

AIB are reported to be going to apply negative rates to balances exceeding 3 million next year and then reportedly will drop this to 1 million thereafter.

Starling Bank in the UK are applying negative rates to euro balances exceeding 50k too. N26 have clearly copied Starlings lead.

In Germany the threshold for negative rates is typically 100k. N26 have chosen a lower threshold.
 
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