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

Banks make risky bets using your money. When some of those bets pay off and they make money for themselves, they give you a small piece. Wait till you realize that most banks are super over leveraged. Wait till you learn about a bank run. Oooooooo crazy times ahead.

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