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

Is this a real question? They invest your money and use it to make way more money for the bank. Like more money than you can ever dream about having in 5 lifetimes. You’re acting like they are doing you a favor when in reality they are using you and all their customers to make heaps of money

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