Interest Rates
A Danish bank is offering mortgages at a 0.5% negative interest rate — meaning it is basically paying people to borrow money
A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank, said this week that customers would now be able to take out a 10-year fixed-rate mortgage with an interest rate of -0.5%, meaning customers will pay…
Read MoreHow does a car cost you more on 0% interest rate?
We recently had a client who contacted us about this fantastic deal that they were getting on their new car finance. He said ‘they are not charging me any interest at all.’ Naturally we were sceptical. We did some further investigating and yes he was generally paying no interest on this loan. After a few…
Read More