Eli5 why do banks give interest on money that I am keeping there?

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It just seems like a semi necessary thing to have to use a bank, why do they pay me a % to keep money there?

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Anonymous 0 Comments

Op, I think you have gotten some pretty great answers from other users, however, I’d like to ask you a question. And I swear I’m not trolling or having a go at you.
Did they not explain this to you in school? Did you forget? Are you still very, very young?..

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