Eli5 why do banks give interest on money that I am keeping there? 1.08K 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 want you to keep your money with them, so they can invest it in stuff that will hopefully make them more money, interest is basically their payment to you for letting them use your funds, instead of having to borrow them fom another bank You are viewing 1 out of 33 answers, click here to view all answers. Register or Login
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