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Why do banks pay customers interest on a savings account 2024?

Scarlett Lee | 2023-05-07 11:51:24 | page views：1800
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Ethan Campbell

Works at the International Committee of the Red Cross, Lives in Geneva, Switzerland.
Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. After paying for various costs, the banks pay money on savings deposits to attract new savers and keep the ones they have.
2023-05-12 11:51:24
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Lucas Hall

QuesHub.com delivers expert answers and knowledge to you.
Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. After paying for various costs, the banks pay money on savings deposits to attract new savers and keep the ones they have.
Why do banks pay me interest on my savings accounts? - ECrowd!
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