Will 2021 see the end of free banking as banks struggle to turn a profit?
At the start of September, buried in an otherwise nondescript update about changing terms and conditions, the digital bank Starling made an unusual announcement. From 4 November, the bank would ‘introduce an interest rate of -0.5 per cent on deposits over €50,000’ held in its euro account. Starling had become the first British bank to … Read more