Negative interest does not make sense from a business perspective, unless I want to drain a bank of every last piece of hard currency when people pull out. I would think that to a large segment of depositors, I can find a variety of ways to keep my cash safe and more readily available if *earning* interest is no longer available as an incentive.
And if we have any reason to believe “negative interest” on deposit accounts will become common, now might be a good time to start converting some cash into precious metals.
And yet they are happening: