Negative interest rates: will you have to pay to save?

Businesses have been warned that they may be charged negative interest rates on their deposits. Should savers be worried, asks Natalie Stanton.

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Negative rates would shrink your savings

Last week, NatWest became the first UK bank to warn business customers that it may charge them negative interest rates on money held in current accounts. "Global interest rates remain at very low levels and in some markets are currently negative," the bank wrote. "Dependent on future market conditions, this could result in us charging interest on credit balances."

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Natalie joined MoneyWeek in March 2015. Prior to that she worked as a reporter for The Lawyer, and a researcher/writer for legal careers publication the Chambers Student Guide. 

She has an undergraduate degree in Politics with Media from the University of East Anglia, and a Master’s degree in International Conflict Studies from King’s College, London.