A deposit account is a savings account, current account or any other type of bank
account that ... Accounts maintained by retail banks that pay interest but can not
be used ... The customer's ch...
Why do banks pay their customers interest on the money in their accounts? ...
How can banks afford to pay interest on their customers' savings account
Jun 10, 2014 ... Ever wonder why a bank pays you interest on the money deposited in your ... on
savings accounts to lend to borrowers, who pay interest on their loans. ... that is
aggressive in its pursuit of new customers and is willing to pay a ...
Feb 26, 2013 ... Why are there interest rates in the first place? A: That's a ... When you deposit
money in a bank, it doesn't stay locked in a vault gathering dust.
Feb 3, 2010 ... Have you ever wondered why your checking account is free? ... they pay to
customers with savings accounts—and the difference is the banks' profit. ... There
will be times when you can't find your bank's ATM and you must settle ... to avoid
lining banks' pockets by paying more interest than you're earn...
Dec 3, 2010 ... Financial institutions are paying next to nothing on savings accounts and not ...
LAZY CUSTOMERS Many big banks continue to pay well below 1 percent. ... to
people who have money in their low-interest accounts as suckers.
How Can Banks Pay Higher Interest Than Other Banks? ... The first, is like all
deposit accounts, the bank can re-lend the money they have ... Another method
SmartyPig generates profits is giving customers a chance to redeem their savings
for discounted gift cards ... 5 Reasons To Refi That Every Homeowner Should
Find out why some banks offer interest on checking accounts and discover how
this type of ... of deposit (CDs) as an incentive for people to deposit money in the
bank. ... Ally Bank generally offer more competitive interest rates than their
traditional ... on to our customers in the form of competitive interest rates and
Apr 2, 2015 ... Customers who deposit money into these accounts effectively lend money to the
bank and are paid interest. ... Commercial banks accept deposits and pay
customers interest on ... a rate of interest that is higher than what the bank pays
its depositors. ... Why Banks Don't Need Your Money to Make Loans.
Jan 17, 2011 ... Banks may also pay interest on checking accounts. Banks want to attract more
depositors to the institution. This way, there is more money available for banks to
lend out. ... Loans made to other bank customers (and sometimes to other ... The
way that banks earn money illustrates one of the reasons that ...