Somebody please explain this to me. What is negative interest? is that where I have to pay to keep my money in the bank?
If I take all my cash out and the government catches me with it, do they seize it?
Negative interest rates are rates that banks will charge depositors. They are really negative rates, and not just that are below inflation. Banks tend to pay them when they aren’t able to charge lenders a lot of interest, because make their money on the difference between the money they lend out and the money they pay depositors.
1. Yes, 2.probably not, however if the currency changes to a foreign currency at a later date the dollars may end up like Confederate Money.