Banking Answers

When do banks make money from deposits?

The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.

The bank would earn a profit of over years if a customer was charged 15% interest.A consumer would save over the life of the loan with a 5% interest rate rather than a 10% interest rate.