Jyske Bank in Norway paying borrowers to take money off their hands.


SUBMITTED BY: wesclinthunt

DATE: Oct. 25, 2020, 9:18 a.m.

FORMAT: Text only

SIZE: 299 Bytes

HITS: 461

  1. This could be a very interesting development indeed!
  2. In 2019 Jyske Bank in Norway launched the world's first negative interest mortgage rate (-0.5%) where borrowers effectively pay back less money than they have been loaned. The bank is effectively paying borrowers to take money off their hands.

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