Mambu Banking Engine

Ideas aimed to improve the current experience provided by the Mambu Banking Engine.

Negative index interest rates on deposits

What: Allow for the index rates on deposit to be negative.

Why: A negative interest can be charged on a deposit account, i.e. instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank.

It's applicable if the market interest rate goes below zero: central bank (or private banks), in order to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money, rather than pay a fee to keep it safe. 

This happened for example in Switzerland, Sweden or Denmark. 

  • Dorota Nosal
  • Nov 9 2018
  • Planned
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  • Mike Smedley commented
    22 Oct 09:07am

    Might go without saying, but please can we ensure this works for Loan products as well?(i.e. taking a negative base/central bank rate plus margin to give a positive rate for the loan)