BGH: Negative Interest Rates Impermissible

Rulings of the Federal Court of Justice on Custody Fees – Case Numbers: XI ZR 61/23, XI ZR 65/23, XI ZR 161/23, and XI ZR 183/23   During the prolonged low-interest phase, a number of banks began charging their customers so-called custody fees, effectively imposing negative interest rates on deposits. Such custody fees on savings […]


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