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First German Bank Imposing 0.5% Negative Rate to Small Savings Accounts, Yet Bankers Call Bitcoin "an Experiment" - 7Bitcoins
A German bank has been making headlines imposing a negative interest rate on savings accounts starting from one euro cent, bringing more criticism on the European Central Bank in Germany, the Eurozone’s economic locomotive. The Raiffeisen co-operative bank in Fuerstenfeldbruck, in Bavaria, will impose a 0.5% negative interest rate even to the smallest saving accounts