Danish bank launches world´s first negative interest rate mortgage
(The Guardian Business News)

Jyske Bank will effectively pay borrowers 0.5% a year to take out a loanA Danish bank has launched the world´s first negative interest rate mortgage - handing out loans to homeowners where the charge is minus 0.5% a year.Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned. Continue reading...