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Limited Adoption of Interest-Bearing Current Accounts in Europe Despite 2005 Ruling
The 2005 European Court of Justice ruling allowing banks to pay interest on current accounts has seen limited adoption; while some online banks like Trade Republic offer rates up to 3%, the practice remains uncommon, with rates expected to fall as the European Central Bank lowers interest rates.
Limited Adoption of Interest-Bearing Current Accounts in Europe Despite 2005 Ruling
The 2005 European Court of Justice ruling allowing banks to pay interest on current accounts has seen limited adoption; while some online banks like Trade Republic offer rates up to 3%, the practice remains uncommon, with rates expected to fall as the European Central Bank lowers interest rates.
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