brianorbrian
brianorbrian brianorbrian
  • 30-11-2016
  • Social Studies
contestada

why do banks charge more interest on loans than they give on saving accounts?

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todofu
todofu todofu
  • 30-11-2016
because that's how they making their money, from high interest loan.
and they take the money from saving accounts to loan to those in needs. With conditions that they will pay off debt and they fill it back in the saving accounts and take out the interest as the bank's profit. Not clear? let me know
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Holly97 Holly97
  • 30-11-2016
simply to make more money
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