Eli5 why do banks give interest on money that I am keeping there? 1.12K viewsDecember 31, 2023 Question100.55K September 14, 2023 0 Comments It just seems like a semi necessary thing to have to use a bank, why do they pay me a % to keep money there? In: 1333 33 Answers ActiveNewestOldest Anonymous Posted September 14, 2023 0 Comments Bro you know how much money banks make off of us?? Think about this. You put in $100k to bank. The bank then loans out $100k to someone for a mortgage at 10%. After a year the bank has pocketed $10k OFF OF YOUR MONEY You are viewing 1 out of 33 answers, click here to view all answers. Register or Login
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