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Why do banks pay customers interest on a savings account 2024?
Banks savings accounts pay interest
Questioner：Charlotte Young 2023-05-07 11:51:24
The most authoritative answer in 2024
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Madison Turner——Studied at Stanford University, Lives in Silicon Valley. Currently leading a team of software engineers at a tech startup.
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.read more >>+119962023-05-17 11:51:24
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