Eli5 why do banks give interest on money that I am keeping there? 1.11K 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 They aren’t keeping your money there. They are lending it/investing it and giving you a tiny portion of the money they are making off you. You are viewing 1 out of 33 answers, click here to view all answers. Register or Login
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