No, in Practice banks will charge you 21.49% interest on your credit card (current Westpac rate) plus major fees for storing your money in their bank plus massive interest rates on your mortgage, etc...
In short, the reality of negative interest rates is horrific if your a customer...but splendid is your a bank/banker as you cream every customer every which way.
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- Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!
Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!, page-11
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