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To: expat_panama
""We don't have negative rates here in the States yet ..."

I'm still trying to figure out what the hell
is a negative interest rate.

10 posted on 09/29/2016 5:28:54 AM PDT by StormEye
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To: StormEye
I'm still trying to figure out what the hell is a negative interest rate.
Instead of earning a small percentage of positive interest on your cash, with 'negative' interest rates you lose a small percentage interest on your cash.

The dollar amount on your monthly or quarterly statement will be a debit instead of a credit.

17 posted on 09/29/2016 6:46:27 AM PDT by citizen (Sanctuary cities: Illegals move in for free stuff, residents move out b/c they can't pay the taxes.)
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To: StormEye

You pay them to keep your money.


19 posted on 09/29/2016 6:49:55 AM PDT by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: StormEye

I’m trying to figger out if I can refinance a mortgage if rates go negative. lol


21 posted on 09/29/2016 6:59:09 AM PDT by servantboy777
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