You are here


UBS set to charge wealthy for keeping euro savings

Annual fee of 0.6% will be imposed on accounts with over 1m euros, from May


UBS, the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, making it one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.

The Swiss bank will introduce from May an annual...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to