How do banks make money really ?
9 Answers
- Anonymous2 months ago
how about trying to deposit $100K and then after 3 days, you tell the bank if you want to close your account...... try it!
- 2 months ago
They buy money from the Fed for $1 and rent it out for $2. Is this a great country or what?
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- SlumlordLv 72 months ago
Take money from people and pay them no interest. Borrow from the gov't at very low interest rate. Lend money to other people and charge lots of interest. Get all sorts of fees for lending money and charging account holders. The fees plus the difference in the interest from what they lend and what rate they borrow at, they get to keep.
- 2 months ago
Banks hold one person's money deposits and pays a nominal, guaranteed rate of interest. They then loan that money to people who want to buy homes or expand businesses at a higher rate.
- fcas80Lv 72 months ago
They hold onto your money and pay you zero or very low interest, and then turn around and loan out that money for which they receive higher interest.
- Anonymous2 months ago
Plenty of sites online easy to find explain this type of stuff. You should not expect others to spoon feed you.