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How does the bank make money from your savings 2024?

Owen Turner | 2023-05-07 11:51:30 | page views：1807
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Julian Thompson

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts--and the difference is the banks' profit.
2023-05-07 11:51:30
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Olivia Davis

QuesHub.com delivers expert answers and knowledge to you.
It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts--and the difference is the banks' profit.
Finance 101: How Do Banks Make Money? - Money Under 30
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