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Joyce Thornton
22 February, 02:27
How much money do a bank make daily
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Dharma
22 February, 04:06
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On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.
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